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Tax reduced savings accounts effectively flatten the tax curve because whilst they are available to everyone only those being paid more can effectively make use
by barbegal 8y ago
Tax reduced savings accounts effectively flatten the tax curve because whilst they are available to everyone only those being paid more can effectively make use of them.
On the other hand it does incentivice the higher paid to save more for the future rather than spending it now. This can save governments huge amounts when personal savings are used to pay for elderly care and medical treatment as opposed to the government.