What should the highest income tax bracket rate be? (user search)

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What should the highest income tax bracket rate be? (search mode)

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Poll

Question:

Regarding an income tax, I think it should be:

#1 a progressive system with rates between 1% and 25%		1 (1.5%)
#2 a progressive system with rates between 1% and 50%		23 (34.3%)
#3 a progressive system with rates between 1% and 75%		13 (19.4%)
#4 a progressive system with rates between 1% and 100%		10 (14.9%)
#5 a flat system with a rate between 1% and 25%		9 (13.4%)
#6 a flat system with a rate between 26% and 50%		1 (1.5%)
#7 a flat system with a rate between 51% and 75%		0 (0%)
#8 a flat system with a rate between 76% and 100%		1 (1.5%)
#9 there should be no income tax		9 (13.4%)

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Partisan results

Total Voters: 67

Author

Topic: What should the highest income tax bracket rate be? (Read 6625 times)

RI
realisticidealist
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Posts: 14,785

Political Matrix
E: 0.39, S: 2.61

Re: What should the highest income tax bracket rate be?

« on: September 27, 2011, 07:54:46 PM »

Quote from: TJ in Cleve on September 27, 2011, 03:33:29 PM

If we're going to have a progressive tax structure, I say we eliminate the bracket system and replace it with a continuous function to determine the rate. I don't think having piecewise discontinuities is a good idea and creates unnecessary distortions, especially when we could just as easily use some other kind of function.

I've always thought about doing that, but I don't know what the exact effects would be, if any.

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RI
realisticidealist
Atlas Icon

Posts: 14,785

Political Matrix
E: 0.39, S: 2.61

Re: What should the highest income tax bracket rate be?

« Reply #1 on: September 29, 2011, 04:31:42 PM »

Quote from: phk on September 29, 2011, 03:06:36 PM

You get big deadweight loss problems with tax rates north of 40%.

Why is that in particular?

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