6 ms·
Yes, which is then negated with rebates / negative income tax.
by intopieces 8y ago
Yes, which is then negated with rebates / negative income tax.
- oarsinsync 8y agoSo the end result is... lower taxes all around? Where does the deficit get made up?
- intopieces 8y agoHigh income earners don’t get the credit. Similar to how there is an income cap on incentives for EVs in California
- oarsinsync 8y agoBut high income earners still benefit from a lower effective rate from the change. If low income earners pay a higher effective rate than they would under income taxation, which is to be neutralised by credits, and higher income earners pay a lower effective rate, who makes up the deficit?
- deleted 8y ago[deleted]