3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 9 months agoDoes this plan make sense?lemmy.worldimagemessage-square92fedilinkarrow-up1105
arrow-up1105imageDoes this plan make sense?lemmy.world3volver@lemmy.world to General Discussion@lemmy.worldEnglish · 9 months agomessage-square92fedilink
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up8·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-square3volver@lemmy.worldOPlinkfedilinkarrow-up3·9 months agoThis makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
minus-squareAwkwardLookMonkeyPuppet@lemmy.worldlinkfedilinkEnglisharrow-up1·9 months agoPercentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up2·edit-29 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.