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That would be if the price of silver increases by 5% then. According to the post if the price of silver is higher, the tax threshold increases and more peopl
by bnegreve 7y ago
That would be if the price of silver increases by 5% then.
According to the post if the price of silver is higher, the tax threshold increases and more people have extra money to support whatever organization they want.
- tgtweak 7y agoActually no, the lower the price of silver the more people are eligible to donate since the criteria to fall in that group is lower. Despite the lower price of the silver, the "tax" is a static fiat-based % so basically more people are donating the same %. All the people that were donating 1.5% if holding a balance over $380 would still be donating it (and the same $amount) if the threshold were $360 (silver price drops), more people would be donating since now everyone between $360 and $380 would also be donating a 1.5% in addition. If the donation was in silver then it might even itself out, but you'd have to look at a distribution curve of income to know for sure.
- bnegreve 7y agoBut if I understand correctly people donate when they don't have to pay tax. From the twitter posts: > Individuals who fall just below the threshold one year due the chance price of silver suddenly avoid a 2.5% gvt tax. Those people then increase their private donations to charity (since they have more disposable income + islam calls for alms-giving). Or in clearer terms: > ↑silver price → ↑tax threshold → ↓taxes → ↑charity → ↑terrorist financing → ↑terrorist attacks!
- tgtweak 7y agoI stand corrected.