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28%  
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Keyword: shallowexponenttax

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  • Shallow Exponent Flat Tax

    10/23/2021 5:03:14 PM PDT · by Kevmo · 52 replies
    Vanity ^ | 10/23/2021 | Kevmo
    For several years I have advocated a Shallow Exponent Flat Tax. Instead of 4 or 5 tiers, there would be only ONE tier that we all face. But the more money you make, your burden goes up slightly higher than as a flat percentage. The tax would look something like: Tax = 10% X {[Income]^1.05} The exponent could be set by congress every 10 years or during wartime. The flat exponent perhaps should be on a longer timeframe for revisiting, because 10% is very easy to do in your head. As you go up higher in income, your tax burden...