Simplest Suitably Progressive Tax: R*log(Income/Poverty)

[Neil Desmond]

Since a progressive tax approach seems to be the more appealing ways of setting up the tax system, I figured I'd scope around in cyberspace to see if I could find something that's based more on a smooth curve & here's what I have found: http://occupywallst.org/forum/simple...gincomepovert/

The author calls it the "log tax" - log being short for logarithm: http://en.wikipedia.org/wiki/Logarithm

There are some flaws and problems with the approach mentioned, which I will get into later, and I also have a better version in mind that involves a negative exponential function - the inverse of a logarithm, in this type of form: tax rate = f(-exp(g(-x)), where x is income (f & g are functions).