New tax bracket and higher rate for top (1%) earners

Posted by 31sc on November 25, 2016

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Nathan Rattray tagged this with interesting 2016-11-29 12:02:11 +1300
Jerry Cerveny tagged this with essential 2016-11-27 04:33:57 +1300
Tim O'Donnell commented 2016-11-26 21:40:26 +1300

The rich don’t pay tax so why increase it? Have a single tax rate that everyone has to pay & can’t avoid. It probably can’t work off income since many don’t receive an “income”. Your policy won’t be needed once that happens
Tim O'Donnell tagged this with dislike 2016-11-26 21:40:26 +1300
John Alan Draper commented 2016-11-26 10:09:26 +1300

We need to simplify the tax and welfare system, not complicate it. Hence CCIT and UBI with a flat tax. The UBI means essentially no-one pays tax until they earn a certain amount. For example to keep figures simple, if the flat tax is 33% and the UBI is $10,000, no-one pays tax until they earn over $30,000: $30,000 × .33 = (close to) $10,000.
John Alan Draper tagged this with dislike 2016-11-26 10:09:26 +1300
Ben Mayson published this page in Suggestions 2016-11-25 23:31:39 +1300