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Create a truly progressive tax. Every dollar a person earns is taxed slightly more than the previous dollar. No brackets. For example: the first dollar you earn is taxed a small fraction of a penny, while the 50 millionth dollar is taxed closer to 99 cents.This way every dollar you earn is at least a little more money in your pocket AND more money for social programs. This preserves the incentive of earn more money while putting more tax burden on those who are getting the most from society

Submitted by Daniel W. from MA in Taxes & Budget Dec. 10, 2014, 5:01 p.m.
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#1549
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