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by nkoren
4464 days ago
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You don't decide. The point of Basic Income is that it's unconditional and universal. If somebody can prove they're a citizen, they get the BI, no need to determine their income. As for a $4k tax being "crippling to a good chunk of them" -- no, you misunderstand the nature of BI. If we're paying $20k worth of BI in this scenario, then the mean income should be about $40k (since a good level for BI -- in basically any economy -- is about 50% of the mean). We could then support a flat $20k/person BI with a flat 50% earned-income tax. This means that the payments and receipts, per person would look like this: Income Tax +BI Net Effective tax rate
$0 -$0 $20k $20k N/A
$10k -$5k $20k $15k N/A
$20k -$10k $20k $10k N/A
$30k -$15k $20k $5k N/A
$40k -$20k $20k $0 N/A
$50k -$25k $20k -$5k 10%
$60k -$30k $20k -$10k 15%
...
$100k -$50k $20k -$30k 30%
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$1,000k -$500k $20k -$490k 49%
As you can see, people making the mean income or less would make nothing at all. People making moderately more than the mean income would pay a little bit, but no more than they currently pay to support benefits programs. The only people paying a lot would be the people who could afford it. |
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Explain why after spending 10 years in school my tax burden should increase by 30k (making it an effective 60% rate not counting 10% sales tax in CA) to give to able bodied people who choose not to get off their ass. I guarantee you society is better off letting me keep what I earned rather than giving it to a completely untested individual. I didn't work my ass off for you.