3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 10 months agoDoes this plan make sense?lemmy.worldimagemessage-square90fedilinkarrow-up1102arrow-down172
arrow-up130arrow-down1imageDoes this plan make sense?lemmy.world3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 10 months agomessage-square90fedilink
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up8arrow-down2·edit-210 months agoDing ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up3arrow-down3·10 months agoThis makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
minus-squareAwkwardLookMonkeyPuppet@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·10 months agoPercentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up2arrow-down1·edit-210 months agoThe tax bracket limits, obviously.
Ding ding ding
No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
The tax bracket limits, obviously.