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Reform existing tax code and establish a more progressive system of income taxation.

Created by S.T. on November 16, 2012

Hitherto tax code finds itself lacking in many aspects: namely its non-conformity to mathematics. Passage of this petition would require the following formulae to be paid on income taxes:
(All prices in USD, and refers to annual income)
Iff less than 30K: no taxes paid
Iff between 30K and 37K: y = X(1000-X) where y is amt. of income left after income taxes (in single USD) and X is the annual income (in thousand USD)
iff between 37K-1.06M: y = 1000e^(.005X) where X and Y represent the same parts, and e is Euler's constant (approx 2.718).
iff over 1.06M: maximum wage established as 840K annually.
"...many of the wealthiest men have been unfavoured of fortune, and many whose means were moderate have had excellent luck." -Solon of Athens, in Herodotus, Book I. Beware wealth addiction.

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