stylistic:style_transfer, linguistic:voice_change, linguistic:translation
Role of the marginal tax rates

The first one influences decisions of individuals on the distribution of their income between consumption and savings.: 36 The cost of individual's decision to assign a unit of income to either consumption or savings is a future value of the unit, which has been given up by choosing either to consume or to save. The unit of income value is defined by the marginal tax rates. Therefore, higher tax rates would decrease the cost of consumption, which would cause a fall in investment and savings. At the same time, lower tax rates would cause the investment and savings levels to rise, while the consumption levels would fall.