Reply #13: More importantly, the per unit "value" of each dollar is worth "less"as income rises [View All]

[depakid]

$10 for a single mother waitress has more utility than $10 does to a middle manager- and more than 100 or even 1,000 or 10,000 dollars has to a CEO or an NBA star.

Progressive taxation simply recognizes one of the most basic principle underlying modern economics: declining marginal utility.

And there no logical reason that brackets can't be set accordingly- while at the same time closing loopholes to increase revenues.