Why do we have discrete not continuous tax system
Video Why We Have Discontinuous Discrete Tax System: Although we talk about why this system is the best way, it is necessary to specify that the effective tax calculation is certainly continuous (although although it’s not mathematically easy). The tax you pay won’t skyrocket once you cross the threshold. My annual revenue puts me appropriately in the middle of the 22% tax bracket. I know that if I contribute an extra $1000 to my HSA, I will save exactly $220 in my taxes. In contrast, if I took a time job and made $1000 more, it would value me $220 in taxes. If the rate is constantly changing, it may not be much clearer what the impact of taxes will be on these actions. Any more money I make will affect not only how quickly I pay for these {dollars}, but conversely the {dollar} I earned that year. Read more: Why my mozzarella doesn’t melt To deal with the “Ads” of the recommendation system added to your query: The general view is “There’s no use in getting the job.” That’s at $N/year because I’ll be taxed high.” at some threshold wages can be partially reduced This can be true of any progressive tax system, whether it is marginal or not a variable fee. Again, keep in mind that parentheses don’t end with a sudden spike in taxes. Read more: why everyone’s eyes are black | Top Q&A There isn’t any method about it – it [the proposed continuous-spectrum tax rate] will provide more detailed management of revenue tax on expenses in an easy to understand manner. It could provide a fairer tax system, despite public impressions of complexity. “Fair” is a loaded interval. There are individuals who argue that an honest tax system can be a flat fee for everyone. There are others who argue that people who earn more pay a subsequent fee than those who earn much less (progressive taxation, which is what we have now in the US). However, what the marginal fee bracket does is try to appease each of these teams. Those who make more money will certainly pay the next effective fee on their revenue than those who pay much less. And, everyone, rich or poor, has ~$10k of their primary annual taxable revenue taxed at 10%, the next ~$30,000 taxed at 12%, etc. honest. As I identified in my answer to “What is the point of the tax table?”, the truth is that most people use a calculator to calculate their taxes by each method. If you’re using a calculator, you won’t care whether the program is using a method of calculating your taxes or testing it on your desk. This is not actually an argument for eliminating tax tables. Read more: Why taco bells make you poop
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