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Thoughts about a Progressive Tax Rehaul? (lemmy.ca)

submitted 1 day ago* (last edited 1 day ago) by [email protected] to c/progressivepolitics

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As the title goes. This would involve turning the tax levels / brackets into an exponential mathematical curve. One of the benefits off of the top of my head, is that people wouldn't be scared of their salary increasing just enough, to actually lower their clean income. Another one would be that you can lower even further the tax rate for middle / low class, because you (the government) would receive more from taxes. Any opinions/ideas for this?

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[–] BrianTheeBiscuiteer 2 points 1 day ago

I don't know about an exponential curve but I do think a mathematical formula could be nice to prevent politicians from tweaking the brackets. I don't think this gets rid of any sort of irrational fear that people have about earning more yet coming out worse because of increased taxation.