Reported income is not comparable to effort or economic activity.
The Slate article states that when income tax rate increases, the rich report less income, by fudging their taxes. It says nothing about rich people expending less effort.
The Slate article states that when income tax rate increases, the rich report less income, by fudging their taxes. It says nothing about rich people expending less effort.
I reread your comments (upthread). I imagined you were trotting out the "discouraged rich people" trope. My apologies.
It's rich people who have the most elastic working hours and income.