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

submitted 1 day ago* (last edited 1 day ago) by thatonecoder@lemmy.ca to c/progressivepolitics@lemmy.world

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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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[–] thatonecoder@lemmy.ca 1 points 19 hours ago (2 children)

Yeah. I personally think that a mathematical curve would address that.

[–] LandedGentry@lemmy.zip 2 points 9 hours ago* (last edited 9 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.

[–] HubertManne@moist.catsweat.com 3 points 18 hours ago

yeah or they could just add more brackets. there is nothing to really fix method wise but as long as the effect is the same I would not care much.