Ask @GRIMACHU:

What should income tax be set to (as a percentage and what brackets for different incomes)?

A universal rate of income tax would have to be somewhere in the region of 30-40%, if it replaced all other forms of tax and affected all forms of income. Flat rate is appealing for simplicity, but a scaling rate makes more sense for various reasons. I think a curve rather than tax brackets makes better sense though.

View more

Next