3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 2年前Does this plan make sense?lemmy.worldimagemessage-square90fedilinkarrow-up1101arrow-down171
arrow-up130arrow-down1imageDoes this plan make sense?lemmy.world3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 2年前message-square90fedilink
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up8arrow-down2·edit-22年前Ding 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-down2·2年前This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
minus-squareAnticorp@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·2年前Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up2arrow-down1·edit-22年前The 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.