Modern Progressive Income Tax

Goal: Ensure that contributions scale with ability to pay, while keeping rules simple and predictable.

Key elements

4–5 brackets with automatic inflation indexing.
A universal, refundable credit to protect low and middle incomes and reduce benefit cliffs.
Broad base with fewer loopholes and tax expenditures.
Stable rules to support planning and compliance.

Progressive structures reduce inequality without adding unnecessary complexity when paired with clear rules and automatic indexing.