3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 9 months agoDoes this plan make sense?lemmy.worldimagemessage-square90fedilinkarrow-up1102arrow-down173
arrow-up129arrow-down1imageDoes this plan make sense?lemmy.world3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 9 months agomessage-square90fedilink
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up8arrow-down2·edit-29 months agoDing ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
minus-squareAwkwardLookMonkeyPuppet@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·9 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-29 months agoThe tax bracket limits, obviously.
minus-square3volver@lemmy.worldOPlinkfedilinkarrow-up3arrow-down3·9 months agoThis makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
Ding ding ding
No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
Percentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
The tax bracket limits, obviously.
This makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.