How would an infinitely adjusting tax percentage be intuitive? Brackets are simple. You pay x% on your income in some bracket and y% on your income in a different bracket. You only need simple multiplication and addition to figure out what you would owe.
A continuous bracket could be defined by a single equation. You’d plug in your income and you’d get out your taxation. No need to look up what bracket you are in.
Sounds like a nightmare to try to explain to someone. Technically it should work, but practically it might be difficult.
Why? To me it’d be much more intuitive. I find brackets quite confusing
How would an infinitely adjusting tax percentage be intuitive? Brackets are simple. You pay x% on your income in some bracket and y% on your income in a different bracket. You only need simple multiplication and addition to figure out what you would owe.
A continuous bracket could be defined by a single equation. You’d plug in your income and you’d get out your taxation. No need to look up what bracket you are in.