No, it doesn't include income tax. In cost-benefit analysis, which is analogous to the approach we used, neither taxes nor subsidies are counted as a net benefit or an economic cost.
On April 22nd, 2010. See this statement in context.
On April 22nd, 2010. See this statement in context.
Senior Economist, Analysis Group
No, it doesn't include income tax. In cost-benefit analysis, which is analogous to the approach we used, neither taxes nor subsidies are counted as a net benefit or an economic cost.
See context to find out what was said next.