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@dx
I believe in UK in the 1960s, top rate of income was 95%. It's possible I've been overthinking this, but I reckon it would be a good idea to eliminate discontinuities by having an income v tax rate that varies continuously, being asymptotic to zero at the lower end, and to an upper limit, say, 90%. The may be adjusted by moving the curve to the left or right, or raising the upper limit. Something like this:

#tax #taxrate

Last updated 2 years ago