Abstract
In sections 2 and 3 we gave a general outline of the requirements for a progressive income-tax function to be consistent, progressive and efficient. On the basis of the theoretical framework set up in the first three sections we then were able to present (sec. 4) and criticise (sec. 5) the socalled „traditional income-tax formula”, i. e. the income-tax function with a discontinuous marginal tax-rate function, which has been widely adopted by modern income-tax legislation.
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