This bottom bracket should be adjusted yearly. Specifically, it should be ten times the cost of living, rounded up to the nearest two significant digits. This makes for nice clean accounting.
Replies
Top brackets should be based on 4 year top 1 percentile, top 2 percentile, top 5 percentile and top 10 percentile threshold statistics of net taxable income. They should be rounded down to the nearest two significant digits.
sep 2, 2025, 12:48 pm • 0 0 • view
I think you are either miscalculating cost of living or income thresholds based on percentile. Only the top 1% would be taxed on this plan.
sep 2, 2025, 12:50 pm • 0 0 • view
Perhaps 10 times is a bit much. Twice the cost of living may be more appropriate.
sep 2, 2025, 12:55 pm • 2 1 • view
Yeah, two or three seems abt right. I make $200k a year and I definitely should be paying taxes
sep 2, 2025, 12:56 pm • 0 0 • view
Yeah, you should be barely paying taxes, not paying what you are paying now, and someone making 2-5 times your income should be paying a LOT more.
sep 2, 2025, 1:06 pm • 1 0 • view
However, those making less then the cost of living should not have any income tax levied against them, and it is reasonable to add a generous amount on top of that that is also tax-free income.
sep 2, 2025, 1:05 pm • 1 0 • view
I'd be all for direct payments (UBI) as tax free supplemental income for anyone under cost of living to get them to coat of living
sep 2, 2025, 1:14 pm • 1 0 • view
I'd be for no questions asked UBI for every person if in response all other income was taxed. Same goes for universal health benefits.
sep 2, 2025, 1:16 pm • 8 1 • view
Same! We just need one or two more studies to show it works /s 😂😂🙄
sep 2, 2025, 1:17 pm • 2 0 • view
Every study so far says it works. All you do is progressively tax all income to pay for it. This also forces employers to improve work moral to retain workers, something that results in better customer service, better work culture, and overall a better world.
sep 2, 2025, 6:33 pm • 2 0 • view
Yes, I was being sarcastic lol
sep 2, 2025, 6:34 pm • 2 0 • view
Sorry, read your post too fast. 😅
sep 2, 2025, 6:35 pm • 2 0 • view
People actually want to work when their contributions are valued. Having added luxuries due to the added money in the pocket is on top of that.
sep 2, 2025, 6:34 pm • 2 0 • view
Yeah, they're already killed with sales tax, FICA, and property (whether they rent or own)
sep 2, 2025, 1:13 pm • 0 0 • view