Re:Would You Let the I.R.S. Prepare Your Taxes? (2015)
by maxerickson on Tuesday August 14, 2018 @06:43AM
(#17756740)
Deductions are not entirely equivalent to a 0% bracket in a progressive tax scheme, they come out of top bracket income.
So high earners get a larger tax reduction from deductions than low earners. There's not really a way to do that with a 0% bracket (and in fact we have both a 0% bracket and deductions).
So high earners get a larger tax reduction from deductions than low earners. There's not really a way to do that with a 0% bracket (and in fact we have both a 0% bracket and deductions).