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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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[–] KoboldCoterie@pawb.social 3 points 15 hours ago (1 children)

It's not taught to us (in the US), either; in my opinion, this is the sort of thing that should be covered in the last year of primary school. There's so many general things you need to know to function in society as an adult that we're just expected to learn on our own.

[–] thatonecoder@lemmy.ca 1 points 13 hours ago

Yeah. The little amount of financial literacy that I have, I got from experience; it was never taught to me by the school system.