First $10k of income tax free

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First $10k of income tax free

Posted by 24sc on November 25, 2016

While I like the idea of universal income I don't think the economy is quite ready for it yet. I'd be happy to see the first $10,000 income being untaxed as a way towards it though - far better to forego income in this way than cutting the top bracket further.

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  • tagged this with interesting 2016-12-03 23:04:27 +1300
  • commented 2016-11-26 11:19:36 +1300
    It’s 10.5% up to $14,000 now. Designing welfare simplification – i.e. a UBI to replace it – is a higher priority.
  • tagged this with low priority 2016-11-26 11:19:36 +1300
  • tagged this with essential 2016-11-26 05:11:07 +1300
  • tagged this with interesting 2016-11-25 19:38:37 +1300
  • commented 2016-11-25 16:16:54 +1300
    If you fix the tax system to remove loopholes & have a single tax %, this won’t be needed
  • tagged this with dislike 2016-11-25 16:16:54 +1300
  • commented 2016-11-25 16:07:17 +1300
    Maybe even start at 15K
  • tagged this with essential 2016-11-25 16:07:16 +1300
  • tagged this with interesting 2016-11-25 14:41:58 +1300
  • tagged this with interesting 2016-11-25 14:21:36 +1300
  • followed this page 2016-11-25 14:15:15 +1300
  • tagged this with interesting 2016-11-25 13:27:31 +1300
  • tagged this with interesting 2016-11-25 13:22:10 +1300
  • tagged this with important 2016-11-25 13:22:10 +1300
  • published this page in Suggestions 2016-11-25 13:18:22 +1300
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