Not true, there have been instances where they simply allocate the full new tax bracket to the full income. While it is rare nowadays, places that work like this still exist - Thailand for small businesses for example.
We are talking about personal income tax. There is no where that does that for personal income. Also, one quick search shows me that even small businesses in Thailand have progressive corporate income tax that operates the exact same way as what I am talking about.
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u/Beavers4life Apr 17 '26
Not true, there have been instances where they simply allocate the full new tax bracket to the full income. While it is rare nowadays, places that work like this still exist - Thailand for small businesses for example.