â–² 30 â–¼ Does this plan make sense? (lemmy.world) submitted 2 years ago by 3volver@lemmy.world to c/general@lemmy.world 89 comments fedilink hide all child comments
[–] Mr_Blott@lemmy.world 22 points 2 years ago (1 child) Just so you know, the rest of us grudge our income tax, but pay it because of the massive benefit to us and others less fortunate The answer is abolishing income tax below a certain threshold, and raising it above certain thresholds permalink fedilink source parent hideshow 2 child comments replies: [–] SpaceNoodle@lemmy.world 6 points 2 years ago* (2 children) Ding ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually. permalink fedilink source parent hideshow 4 child comments replies: [–] 3volver@lemmy.world [S] 0 points 2 years ago This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme. permalink fedilink source parent [–] Anticorp@lemmy.world 0 points 2 years ago (1 child) Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation? permalink fedilink source parent hideshow 2 child comments replies: [–] SpaceNoodle@lemmy.world 1 point 2 years ago* The tax bracket limits, obviously. permalink fedilink source parent
[–] SpaceNoodle@lemmy.world 6 points 2 years ago* (2 children) Ding ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually. permalink fedilink source parent hideshow 4 child comments replies: [–] 3volver@lemmy.world [S] 0 points 2 years ago This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme. permalink fedilink source parent [–] Anticorp@lemmy.world 0 points 2 years ago (1 child) Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation? permalink fedilink source parent hideshow 2 child comments replies: [–] SpaceNoodle@lemmy.world 1 point 2 years ago* The tax bracket limits, obviously. permalink fedilink source parent
[–] 3volver@lemmy.world [S] 0 points 2 years ago This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme. permalink fedilink source parent
[–] Anticorp@lemmy.world 0 points 2 years ago (1 child) Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation? permalink fedilink source parent hideshow 2 child comments replies: [–] SpaceNoodle@lemmy.world 1 point 2 years ago* The tax bracket limits, obviously. permalink fedilink source parent
[–] SpaceNoodle@lemmy.world 1 point 2 years ago* The tax bracket limits, obviously. permalink fedilink source parent
