Why are the tax/income levels so random? Sometimes there’s a 2% increase between levels, and sometimes 10%. The first tax bracket is until $11k, but the ones after that seem completely arbitrary.
Is there a reason for these amounts? Wouldn’t it be simpler/better to just have even numbers?
In: Economics
I think they get adjusted every year for inflation. So, if they decided to use even numbers this year, they become “random looking” next year.
If I was in charge of this aspect of tax policy, I’d replace the bracket system with a single calculation that tells you how much tax you owe, tweaked so it gives approximately the same numbers as the bracket system.
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