@3volver@lemmy.world to General Discussion@lemmy.worldEnglish • 1 year agoDoes this plan make sense?lemmy.worldimagemessage-square90fedilinkarrow-up1102arrow-down173
arrow-up129arrow-down1imageDoes this plan make sense?lemmy.world@3volver@lemmy.world to General Discussion@lemmy.worldEnglish • 1 year agomessage-square90fedilink
minus-square@SpaceNoodle@lemmy.worldlinkfedilink6•edit-21 year agoDing ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
minus-square@3volver@lemmy.worldOPlinkfedilink0•1 year agoThis makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
minus-squareAwkwardLookMonkeyPuppetlinkfedilinkEnglish0•1 year agoPercentages adjusted for inflation? Do you mean lower percentage of income is taxed during years with high inflation?
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.