Optimal Income Tax Policies Could Boost Equality and Prosperity for All
The paper presents a new way to figure out the best income tax rates for everyone, even if they have different incomes. They found a simpler method to show that higher earners should pay more in taxes. This method works for all kinds of income distributions, whether there are only a few types of people or many. The researchers made the math easier to understand by connecting it to real-world economics.