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The stupidity of tax brackets

by Greg Krehbiel on 17 April 2017

I was just reading an article at NPR on public misconceptions about tax rates, the main point of which is that public perception doesn’t match reality. (Is that a surprise?)

My reaction to the story is very different. Why do we have national tax brackets at all?

The problem with a national tax bracket is the same as the problem with a national minimum wage. On the low end, $10/hour in Manhattan is not the same as $10/hour in Biloxi, and $200,000/year is quite different in both places as well. Setting a national standard on either side is ridiculous.

Such disparities argue for a sliding scale based on local realities. That would make it a little harder to demagogue on the campaign trail (what a loss), but I think it’s the right way to go.

2017-04-17  »  Greg Krehbiel

Talkback

  1. Craig
    20 April 2017 @ 10:08 pm

    I don’t know why the States ever ratified the 16th Amendment. I’d love to put that cat back in the bag.

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