>The minimum ammount needed to file a tax return with the irs is 12,500, below that you need not file at the end of the year.
I think they raised that to about $20K a few years ago. Yeah, that would need to go away. In fact the whole IRS would go away with this new system.
When I first mentioned this idea here in the thread, I said, '"Free beer" in the economics context means something like UBI or other similar transfer to the general population...'
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>The minimum ammount needed to file a tax return with the irs is 12,500, below that you need not file at the end of the year.
I think they raised that to about $20K a few years ago. Yeah, that would need to go away. In fact the whole IRS would go away with this new system.
When I first mentioned this idea here in the thread, I said, '"Free beer" in the economics context means something like UBI or other similar transfer to the general population...'