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In a sibling comment chain the one who purposed the idea mentioned that a phase out might be needed for optics. But if it doesn't ever phase out, it is really
by PurpleBoxDragon 8y ago
In a sibling comment chain the one who purposed the idea mentioned that a phase out might be needed for optics.
But if it doesn't ever phase out, it is really just a tax cut, and to be exact a tax cut. I'll take having to pay 7.5k less taxes (or getting an untaxed check for 7.5k from the same people I have to write my tax check to).
- Kalium 8y agoYou're absolutely right. It really is just a tax cut. However, what you call something and how you structure impacts how people react to it. Call it wages and spread it over time and people react one way. Call it a bonus and hand it out once a year and people behave differently. So while it may be more correct to call it a negative income tax, this may work against the intended economic effects.