It's an interesting way to think about it. There are basically two things. What we've just been talking about is more of an average tax rate. In net, are you paying something or are you receiving something? Then, it's a question of what's your tax rate on the margin? When I'm in a given range for an additional $100,000 of earnings, what am I paying on that, either to increases in taxes, or reductions in income-tested benefits?
On April 24th, 2018. See this statement in context.