3 ms·

I’m not sure what system you are in, but in the US and Aus people pay tax on very low incomes. Look up the tax free threshold in Australia, it’s almost impossib

I’m not sure what system you are in, but in the US and Aus people pay tax on very low incomes. Look up the tax free threshold in Australia, it’s almost impossible to live on that income. If you can’t afford the LVT, you can either rent the land or sell the land. Both are better for the economy than people sitting on idle land doing nothing of value. In this case I would focus on those barely making it who have no property, and whos taxes effectively make landholder’s assets more valuable through gov infrastructure spending. Tariffs and luxury taxes have the same problems: they distort markets and in the case of tariffs, make goods more expensive which makes life harder for poorer people. Luxury taxes aren’t significant enough to be very useful, but could be useful in addition to LVT.

TheCleric 3y ago
The standard deduction from the IRS is pretty darn close to a full time job at minimum wage. So some people on very low incomes do pay no tax.
- brutusborn 3y ago
  Standard Deduction is $13,850 https://www.forbes.com/advisor/taxes/standard-deduction/ https://www.forbes.com/advisor/taxes/standard-deduction/ This is below the poverty level of $14,580. No-one should be taxed on income anywhere near that level. https://www.investopedia.com/terms/f/fpl.asp#:~:text=Key%20Takeaways,%2C%20shelter%2C%20and%20other%20necessities https://www.investopedia.com/terms/f/fpl.asp#:~:text=Key%20T.... Federal minimum wage is $15,080. I may be missing something, but I believe this means people on minimum wage are being taxed! https://www.monster.com/career-advice/article/state-minimum-wage#:~:text=Minimum%20wage%20is%20the%20lowest,year%20for%20full%2Dtime%20workers https://www.monster.com/career-advice/article/state-minimum-....
  - TheCleric 3y ago
    > No-one should be taxed on income anywhere near that level. Don’t misunderstand me. I completely agree with this and would prefer having the standard deduction even higher with higher taxes above it to compensate. > Federal minimum wage is $15,080. I know which is why I said “close to”. This also with the assumption that it’s always 40 hours a week and you never get sick or need time off (which would assuredly be unpaid). Even working 36 hours per week, every week, at minimum wage (which is considered a full time job), would put you under the standard deduction.

TheCleric 3y ago

The standard deduction from the IRS is pretty darn close to a full time job at minimum wage. So some people on very low incomes do pay no tax.

brutusborn 3y ago
Standard Deduction is $13,850 https://www.forbes.com/advisor/taxes/standard-deduction/ https://www.forbes.com/advisor/taxes/standard-deduction/ This is below the poverty level of $14,580. No-one should be taxed on income anywhere near that level. https://www.investopedia.com/terms/f/fpl.asp#:~:text=Key%20Takeaways,%2C%20shelter%2C%20and%20other%20necessities https://www.investopedia.com/terms/f/fpl.asp#:~:text=Key%20T.... Federal minimum wage is $15,080. I may be missing something, but I believe this means people on minimum wage are being taxed! https://www.monster.com/career-advice/article/state-minimum-wage#:~:text=Minimum%20wage%20is%20the%20lowest,year%20for%20full%2Dtime%20workers https://www.monster.com/career-advice/article/state-minimum-....
- TheCleric 3y ago
  > No-one should be taxed on income anywhere near that level. Don’t misunderstand me. I completely agree with this and would prefer having the standard deduction even higher with higher taxes above it to compensate. > Federal minimum wage is $15,080. I know which is why I said “close to”. This also with the assumption that it’s always 40 hours a week and you never get sick or need time off (which would assuredly be unpaid). Even working 36 hours per week, every week, at minimum wage (which is considered a full time job), would put you under the standard deduction.