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What if you don't earn income, would you say that the nanny's wage is lower?
by xapata 6y ago
What if you don't earn income, would you say that the nanny's wage is lower?
- slg 6y agoMoney doesn't magically appear. The money was earned at some point and likely went through some type of income or estate tax.
- xapata 6y agoFair. However, because marginal rate differs by year, now we need to know what year's money that nanny's wage is being paid out of to make that 50 vs 70 calculation.
- encoderer 6y agoThis is a solved problem called accrual accounting.
- xapata 6y agoI'm not familiar with that. Sounds like more complexity for my taxes. I'd rather things get simpler. My proposal is a flat federal value-added tax, its revenue distributed weekly in uniform amounts to each domestically-residing citizen's federal debit card account.