But that's the point, we're really not far off a flat rate tax. A guy earning £25k has a marginal rate of 32% and a guy earning £145k has a marginal rate of 42%.
A sensible progressive taxation system should increase monotonically, not do this:
Ignore me
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But that's the point, we're really not far off a flat rate tax. A guy earning £25k has a marginal rate of 32% and a guy earning £145k has a marginal rate of 42%.
A sensible progressive taxation system should increase monotonically, not do this: