2 ms·
In real UBI implementation, is it considered taxable income? Core to UBI is that since everyone gets UBI, and since I pay substantial taxes, I'd pay a minimum
by ctdonath 9y ago
In real UBI implementation, is it considered taxable income?
Core to UBI is that since everyone gets UBI, and since I pay substantial taxes, I'd pay a minimum of $UBI in taxes and simply get it back as a UBI check for a net total of $0.
BUT... If that's taxable income, I have to pay (say) a cumulative 33% on that additional "income". Instead of a net $0, I have to pay something like $4000 in additional taxes. WTF?