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> I think the EU has taken a pretty consistent stance in wanting to avoid America’s massive wealth divide. Then raise the tax rates at higher incomes. People
by throw0101c 4y ago
> I think the EU has taken a pretty consistent stance in wanting to avoid America’s massive wealth divide.
Then raise the tax rates at higher incomes.
People can be 'psychologically satisfied' with having a large number given to them during salary negotiations for their gross salary, but then once income is greater than (say) 200'000, a larger and larger portion is taken at higher tax brackets.
And a refresher on how marginal tax brackets work:
* https://www.vox.com/2019/1/18/18187056/tax-bracket-marginal-video https://www.vox.com/2019/1/18/18187056/tax-bracket-marginal-...
- coldtea 4y ago>Then raise the tax rates at higher incomes. Pay and tax are not just some metrics to change to accomondate status psychology reasons...