Looks like Bracket Creep to me: I think those at the bottom end of the 20K-58K bracket are being overtaxed, as are those at the bottom end of the 70K+. Even though it looks like a five bracket system, judged from where the money comes from, it is really a two bracket system.
It also makes the back benchers, raising a raucus to have the highest tax bracket dropped to the same as corporate tax (35% IIRC), look silly. I think it is more important to even out the brackets a bit and give some tax relief to those earning between 20K and 30K.
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