negative income effect

For the Capital income tax rate, no matter in short-term or in long-term, it has a negative effect on investment rate and economic growth, so is the accumulated effect.

对资本收入征税，无论在短期还是长期都不利于投资率和经济增长率的提高，长期累积效应为负。

Weather the income tax influence on saving behavior is positive or negative depends on the net effect of income effect and substitute effect resulted by the tax saving.

所得税对储蓄行为的影响是积极的还是消极的，取决于税收储蓄的收入效应与替代效应的相对大小。

Such negative effect will be exemplified if financial distress is directly linked to the income of loan managers because the risks of these loans cannot be easily verified.

这种负面影响将表现，假如金融危机有直接联络的贷款司理的收入，由于这些不是随便能够被考证的贷款风险。