4 ms·
Progressive tax brackets. Basically, if you had an income of $80k/yr before UBI, and UBI is $10k/yr, you'd get taxed on $90k/yr worth of income. Current tax ra
by ThrustVectoring 11y ago
Progressive tax brackets. Basically, if you had an income of $80k/yr before UBI, and UBI is $10k/yr, you'd get taxed on $90k/yr worth of income.
Current tax rates on UBI-only levels of income is basically zero.
It's essentially a way to get higher income people to pay more for UBI without having what is easy to interpret as a tax increase.