That means that while income lost to taxes harms the poor and middle class — who tend to spend most of what they earn — it does not trouble the affluent — whose satisfaction with life is much less affected by a marginal increase in tax burden.
Hear that, Michele Bachmann?
This held even when accounting for other factors known to affect happiness such as income, health, employment status, gender, age, race, education, religion and so on.
It also holds under sophisticated statistical analyses that control for other national factors, such as GDP per capita and income inequality, as well as for individual factors like income, gender, age and marital status. If Americans view this plan as mainly providing significant tax relief for the middle class, it should be received positively.
It has the fourth highest infant mortality rate in the OECD, the sixth highest maternal mortality rate and the ninth highest likelihood of dying at a younger age from a host of ailments, including cardiovascular disease and cancer," reports Bloomberg.
As Vice Money puts it, "American marginal tax brackets aren't too different from Canadians', yet [Canadians] get universal health care and [Americans] don't.
And the waits for procedures can be unnecessarily long: As Forbes points out, "Inthe average wait time for an MRI was over two months, while Canadians needing a CT scan waited for almost a month. In turn, it seems obvious that virtually all people, regardless of social class or political ideology, are happier when there is less poverty and less insecurity.
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