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Wednesday, March 11, 2009

Progressive taxes: forget rates, let's bracket

A great post on looks at the top tax bracket historically.  Summary: the rate has been much higher than the current sub-40, but the bracket also applied to much higher income levels.  His thought: instead of just undoing the ill-conceived Bush tax cuts, slap on a millionaires tax bracket with a higher rate.

1 comment:

Anonymous said...

interest rates:ln e || tax rates:?

Or, why do we have plateaus in our tax rates instead of a continuous function?