The posted schedule was simply for explanation of the terms ‘rate’ and ‘rate threshold’.
In the age of TurboTax, millions of people have never seen a tax rate schedule.
The rates that the amendments would be based on would be the so-called ‘Trump’ tax rates that were law as of January 1, 2019, as stated near the top of my posting.
I am proposing caps on tax rates.
Right now, there are no constitutional limits on income tax rates. If a Democratic Congress wants 70% of your income, it can levy a 70% rate on your income.
I don’t have the Internet at home, so I had to make up a schedule instead of downloading the lastest IRS schedule.
If you really want to cap income tax, why not make it simple and have a flat tax?
The progressive tax scheme is just a shell game. Heck even your plan, assuming 100k of income, filing jointly, with two kids, is about the same as it is now (actually I think your way is a touch higher).
If we have to have an income tax, it needs to be flat and needs to apply to all income (make one dollar pay 10%, make a million pay 10%)
The last, and in my mind the most important part, is to remove withholding. Americans are numb to taxes and since it is taken from the check before they see it, it does not burden them. Burden the American tax payer with tax collectors at their door, and I think you will be surprised how many Americans start caring about where their hard earned dollars are going.