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Do you think the U.S. Personal tax exemption should be raised? (it's capped at just over $3k now) - Zer Netmouse
April 22nd, 2012
04:37 pm

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Do you think the U.S. Personal tax exemption should be raised? (it's capped at just over $3k now)

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From:purplecthulhu
Date:April 23rd, 2012 06:44 am (UTC)
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The correct solution to that is to not have sharp changes in the system. Instead of delta function gradients smoother functions like polynomials etc. should be used. That way 'poverty gaps' etc. can be engineered out of the system.

I would love to see the BBC economics correspondent discussing how a change in the coefficients of the taxation equation will affect things, but I suspect that he, the Treasury and the general populace are just too mathematically ignorant to be able to cope.
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