4 ms·
The easy solution is a single, general deduction. Everyone's first $25k or so is tax free. Everyone pays 10% on every subsequent dollar. Mathematically, this i
by dahfizz 4y ago
The easy solution is a single, general deduction. Everyone's first $25k or so is tax free. Everyone pays 10% on every subsequent dollar.
Mathematically, this is equivalent to a small UBI.
- dale_glass 4y agoWhy? If you earn $1M/month you can contribute a lot more than that and not notice it.
- robertlagrant 4y ago> Mathematically, this is equivalent to a small UBI. Or vice versa. UBI requires lots of people to implement it. A simpler income tax rate doesn't. What's nice about it is you could basically just get paid post-tax from every income source, and they all know to subtract 10%, and the government would just need a simple web portal for you to claim back your first 25k.