My personal opinion is that one rate is the way to go. Why? Because "fair" cannot be defined mathematically. The closest we will ever come to fair is "proportional". And that means one rate. Take the first, I don't know, say, $50,000. Nobody pays taxes on their first $50k. Anything above that is at the same rate, whether you make $55,000 or $550,000. The same fraction of your income goes to the government. That's it.
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