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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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[–] [email protected] 2 points 8 hours ago* (last edited 8 hours ago)

Brackets and curves accomplish the same goal of making people at different incomes pay different amounts. I’m not entirely understanding what your issue with the tax bracket structure is. The brackets are just points on a mathematical curve essentially.