/islam/ -Zakat vs UK Income Tax

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File: 3ec972c79a56117⋯.png (58.99 KB,526x708,263:354,ClipboardImage.png)

Zakat vs UK Income Tax عبد الله 04/26/19 (Fri) 23:49:58 334dd2 No.36300

Salam,

I spent some time producing this graph to illustrate the difference between the effects of a traditional western bracketed income tax and Zakat. Please do correct me if I've made any mistakes, however I hope that this can be expanded upon and used to draw some useful conclusions from inshallah.

https://www.desmos.com/calculator/e8jjsosgfo

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عبد الله 04/26/19 (Fri) 23:55:27 334dd2 No.36301

Red is zakat, blue is UK income tax. Dotted is the wealth gap at a given age, in the picture it's comparing a person earning ~250000 vs ~1250000. Solid is the actual wealth a person with the specified salary accumulates over their lifetime.

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عبد الله 04/27/19 (Sat) 11:02:01 334dd2 No.36312

>>36302

>Are you a mathematician by any chance?

No, I got some help from internet people.

>I don't know about the math behind zakat so can't correct you but I'm wondering where you got those equations for zakat.

After each year 2.5% of your total wealth is taken as zakat, this means that the function that progresses this is:


change_in_wealth(year) => earning-weath(year)*(tax/100)

Since this is a rate of change we have to solve a derivative in order to get the amount of wealth at any given point, and that's what gives you the equation in the graph.

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