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In the experiment, it's taxable income. There's no shortage of frameworks and differing philosophies on the matter of taxation of the UBI. But generally speaki
by smpetrey 8y ago
In the experiment, it's taxable income.
There's no shortage of frameworks and differing philosophies on the matter of taxation of the UBI. But generally speaking, no, the $1000 would be considered tax-free as for all intents and purposes, it's a gift from the coffers of government's treasury.
Income generated outside of the UBI however, is taxed because well.. it's income and not a gift.
- _rpd 8y ago> But generally speaking, no, the $1000 would be considered tax-free as for all intents and purposes, it's a gift from the coffers of government's treasury. If the income is truly universal (i.e., not means tested), then it will almost certainly be taxed so that higher income individuals pay back a higher percentage of the income.