@[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-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]OPlinkfedilink0•2 years agoThis makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
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?
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.
This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
The tax bracket limits, obviously.