3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 2年前Does this plan make sense?lemmy.worldimagemessage-square93fedilinkarrow-up1102arrow-down173
arrow-up129arrow-down1imageDoes this plan make sense?lemmy.world3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 2年前message-square93fedilink
minus-squareMr_Blott@lemmy.worldlinkfedilinkarrow-up22·2年前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
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up8arrow-down2·edit-22年前Ding ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up3arrow-down3·2年前This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
minus-squareAnticorp@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·2年前Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up2arrow-down1·edit-22年前The tax bracket limits, obviously.
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.