this post was submitted on 30 Sep 2023
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Specific example: I think you may want to check your rates, the rate differential between highest and lowest in your example seems much lower than the current system. General idea: Couldn't the rates just be adjusted to the base or unlinked later? Changes would have to be legislative anyway.
I kinda pulled the exact multipliers out of my butt, however! I've spreadsheeted this shit out and there's a way to do it such that 60% of Americans wind up with a tax break while putting some serious screws to obscene wealth in the highest brackets. I even added an additional multiplier for every multiple of twenty times the average of the lowest quintile's wages someone's income rises above. Twenty because that's the predicted "ideal" wage ratio between an organization's lowest and highest compensated members.
So you have the top bracket rate, and then after the first multiple is passed, that gets taxed at the nominal rate times the multiplier, and so on and so forth past each new multiple.
I really think you should re-address your idea on a theoretical framework. It's difficult to imagine that a new set of income tax rates would address extreme wealth or address the crises of capitalism regardless of the numbers you have in your spreadsheet. For example, OP suggests using total wealth as a tax base to alleviate inequality which would be a new way of approaching the issue.
If you'd still like to use income tax rates to approach inequality, I would suggest starting with high negative percentages and increasing them through your table. Kinda like this:
base * { -99%, -98%, ....., 99%}Sorry if this comes off as harsh, I appreciate that you're looking to for a way to address these issues.