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I think a flat tax is a bad idea, but I also don't understand why we (the US and Canada both) use tax brackets instead of a perfectly simply continuously variable tax rate based on income. The current system is so open to misunderstanding with regards to the irrational fear of being bumped into the next tax bracket, and now that everyone has access to at least a calculator, I don't see much of a reason to use a bracketed system instead of a system where the tax paid on income is a smooth function of taxable income.
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Sep 27, 2015 07:48
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McDowell posted:The bracket system accounts for the amount of income you need to live on. You should pay less tax on your 'first' $40k of the year than on each additional 40k of income McDowell posted:We should bring back the 0% rate for the first $10,000 of income Hence why I said "taxable income." There should be a basic personal exemption which would render the first $X not taxable. RBC posted:yes clearly a logarithmic tax system is going to be easier for the laymen to understand - an idiot If you can't understand how a function works, which is like 9th or 10th grade math at most, I don't think there's any workable tax system which will make sense to you. We're not asking people to derive it themselves, we're asking them to hypothetically press a few different buttons on the calculator.
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Sep 27, 2015 16:36
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Platystemon posted:Why are flat tax proponents fixated on first‐order polynomials? Why not second degree or zeroth degree? Why does it have to be a polynomial at all? I already made a similar point further up in the thread. Apparently, the answer is that people are retarded at math.
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Oct 26, 2015 16:29
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