The Dems should put forward their own tax reform plan

[No_Time_For_Fishing]

@iamthewalrus_3

That’s a hell of a cliff you’ve introduced there.

By my calculation, using 2017 tax brackets, a single person with taxable income of $124,999 would pay $16,052 (((1249990.65)-37,950).25 + 5,226.25), and a person with taxable income of $125,000 would pay $27,981.

Congratulations, you got a small raise! Now you owe an extra $11,000 in taxes!

This is, frankly, a bafflingly weird and behavior-distorting way to make income taxes more progressive, especially since we already have the concept of tax brackets, which are progressive without weird discontinuities.

As crazy as it is such a cliff is not crazy to Democrats. They put a cliff just like that in Obamacare Subsidies. For 2018 a Family of 4 making $98,400 gets a $847 per month subsidy, get a $1 raise putting you at $98,401 and your subsidy is $0 . That $1 raise only cost you $10,164 per year. That’s real world Democrat passed into law crazy.