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3 January, 07:02

What's the purpose of income tax brackets?

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  1. 3 January, 07:26
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    To ensure that citizens are taxed within their means. If everyone were taxed the same dollar amount, whatever this amount is, it would take a larger portion (percentage) of income out of poor peoples' pockets than rich peoples'. For example, $500 is more to a poor person than it is to a millionaire.
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