@[email protected] to General [email protected]English • 2 years agoDoes this plan make sense?lemmy.worldimagemessage-square90arrow-up1102
arrow-up129imageDoes this plan make sense?lemmy.world@[email protected] to General [email protected]English • 2 years agomessage-square90
minus-squareAnnoyed_🦀 linkfedilink24•2 years agoWhere do you get the money for UBI if income tax is abolished?
minus-square@[email protected]linkfedilink7•2 years agoLand value tax, also popularly known as georgism.
minus-square@[email protected]OPlinkfedilink-22•2 years agoWhere do they get the money for the military budget?
minus-square@[email protected]linkfedilink22•2 years agoJust so you know, the rest of us grudge our income tax, but pay it because of the massive benefit to us and others less fortunate The answer is abolishing income tax below a certain threshold, and raising it above certain thresholds
minus-square@[email protected]linkfedilink6•edit-22 years agoDing ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
minus-square@[email protected]linkfedilinkEnglish0•2 years agoPercentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
minus-square@[email protected]OPlinkfedilink0•2 years agoThis makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
minus-square@[email protected]OPlinkfedilink-3•2 years agoIf you’re interested at all, here’s how https://fred.stlouisfed.org/series/GFDEBTN/
minus-squareAnnoyed_🦀 linkfedilink4•2 years agoSo your solution for funding UBI after abolishing income tax is…debt?
minus-square@[email protected]OPlinkfedilink-2•2 years agoThe debt is meaningless anyway, do you think they’ll ever pay it off?
Where do you get the money for UBI if income tax is abolished?
Land value tax, also popularly known as georgism.
Fairies!
Where do they get the money for the military budget?
Just so you know, the rest of us grudge our income tax, but pay it because of the massive benefit to us and others less fortunate
The answer is abolishing income tax below a certain threshold, and raising it above certain thresholds
Ding ding ding
No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
The tax bracket limits, obviously.
This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
How should i know? I’m not American.
If you’re interested at all, here’s how
https://fred.stlouisfed.org/series/GFDEBTN/
So your solution for funding UBI after abolishing income tax is…debt?
The debt is meaningless anyway, do you think they’ll ever pay it off?