@3volver to General DiscussionEnglish • 7 months agoDoes this plan make sense?imagemessage-square93arrow-up1102arrow-down173
arrow-up129arrow-down1imageDoes this plan make sense?@3volver to General DiscussionEnglish • 7 months agomessage-square93
minus-square@SpaceNoodlelink6•edit-27 months agoDing ding ding No tax up to $75k, tax brackets with exponential decay reaching 95% at $1MM, all adjusted for inflation annually.
minus-square@3volverOPlink0•7 months agoThis makes sense, I agree to an extent. Abolishing income tax in hindsight is a bit extreme.
minus-squareAwkwardLookMonkeyPuppetlinkEnglish0•7 months 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.