A continuous bracket could be defined by a single equation. You’d plug in your income and you’d get out your taxation. No need to look up what bracket you are in.
For example, a sigmoid function (click link for equation). You’d need to mess with the constants to align the function with a range of incomes but the general shape will be the same - a low, almost-zero taxation rate for those who earn the least, rising to a threshold (perhaps even 100%, but a lower value like 75% would probably work as well), giving a high taxation to those who earn the most.
If you expect the average person to be able to understand an algebraic equation better than the existing system, then I’d suggest you get out of your social bubble and meet more ‘average’ people.
A continuous bracket could be defined by a single equation. You’d plug in your income and you’d get out your taxation. No need to look up what bracket you are in.
Give it a shot. Let me see an equation.
For example, a sigmoid function (click link for equation). You’d need to mess with the constants to align the function with a range of incomes but the general shape will be the same - a low, almost-zero taxation rate for those who earn the least, rising to a threshold (perhaps even 100%, but a lower value like 75% would probably work as well), giving a high taxation to those who earn the most.
You think the general population is going to have an easier time understanding the sigmoid function that some simple multiplication and addition?
If you expect the average person to be able to understand an algebraic equation better than the existing system, then I’d suggest you get out of your social bubble and meet more ‘average’ people.