@levisan income tax.
It should be calculated at a flat percentage for everyone with a reasonable deductible. The deductible would be pegged as a multiple of the federal minimum wage.
And I’d also set a maximum tax burden as well, which is pegged to a multiple of the deductible.
@levisan it’s worth noting, I don’t believe that tax should be applied to corporations.
Corporations can’t vote, so in the spirit of “no taxation without representation”, that income tax should only apply to individual citizens.
@sabbatical @levisan I don’t see how it would be meaningfully worse than what we have now. And everyone else would end up with more money in their pocket.
@mike @levisan i was thinking that without other forms of tax, if we also didn’t tax corps, and without tax brackets, gov would essentially have to make the % for income tax quite high. this would put workers/lower/middle in a more vulnerable position, while corps and wealthier folks likely still have more money than before, so can prob buy up newly vulnerable assets/land. long term, seems like would cause concentration of those assets way beyond what it is now
