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> The key component of it is that it doesn't phase out with higher income I have never seen a version proposed where everyone receives more money after tax. I
by IanCal 11y ago
> The key component of it is that it doesn't phase out with higher income
I have never seen a version proposed where everyone receives more money after tax. I thought the key component was that there is no complex means testing (simply phased out through income tax).
- scarmig 11y agoThe prototypical model would be a lump sum X, unconditionally granted to every adult citizen/resident on a regular basis, regardless of income. Tax rates are kind of a perpendicular issue. If you view benefit phase-outs as a kind of implicit tax rate, this would make the tax code flatter (and more progressive, if you're counting benefit phase outs as a kind of implicit tax).