We revisit the notion of intuitionistic equivalence and formal proof representations by adopting the view of formulas as exponential polynomials. After observing that most of the invertible proof rules of intuitionistic (minimal) propositional sequent calculi are formula (i.e., sequent) isomorphisms corresponding to the high‐school identities, we show that one can obtain a more compact variant of a proof system, consisting of non‐invertible proof rules only, and where the invertible proof rules have been replaced by a formula normalization procedure. Moreover, for (...) certain proof systems such as the G4ip sequent calculus of Vorob'ev, Hudelmaier, and Dyckhoff, it is even possible to see all of the non‐invertible proof rules as strict inequalities between exponential polynomials; a careful combinatorial treatment is given in order to establish this fact. Finally, we extend the exponential polynomial analogy to the first‐order quantifiers, showing that it gives rise to an intuitionistic hierarchy of formulas, resembling the classical arithmetical hierarchy, and the first one that classifies formulas while preserving isomorphism. (shrink)