this post was submitted on 02 Mar 2025
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current system is graduated. You only pay additional tax on monies over the amount. so everyone pays the no tax on a certain amount then a small tax on another amount then higher then higher. If you are in the highest tax bracket you do not pay that percentage on all the money you make only on money above that highes bracket. the real problem is our bracket is just after cresting 100k or so for individuals and there are no further brackets for like millions or such.
Yeah. I personally think that a mathematical curve would address that.
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.
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.