This isn't some new concept. Progressive tax structures have similar effects.
No, they don't.
Progressive tax structures only have a tax increase on every dollar made in the new bracket only, as in they pay the same taxes for their income up to that point. It's not a flat increase across the board. Only an idiot would consider not taking a raise because it puts them in a higher income tax bracket.
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Date: 11/2/14 16:22 (UTC)No, they don't.
Progressive tax structures only have a tax increase on every dollar made in the new bracket only, as in they pay the same taxes for their income up to that point. It's not a flat increase across the board. Only an idiot would consider not taking a raise because it puts them in a higher income tax bracket.