OohPooPahDoo
Gold Member
WTF not? It doesn't sound any dumber than 9-9-9
a 10 thousand dollar grant to all adult citizens and a 30% tax on all income.
eliminate food stamps, education grants, and most forms of government assistance. This instead would be covered by the 10k grant paid to everyone -whether they make $0 or $100,000,000.
All income would be taxed at 30%.
The break even point would be at 33.3k - you'd get a 10k grant but owe 10k in taxes.
If you made 50k - you'd pay net 5k (10%) in taxes (that's after the grant is figured in)
If you make 100k - you'd pay net 20k (20%)
If you make 250k you'd pay 65k (26%)
If you make 1,000k you'd pay 290,000 (29%)
a 10 thousand dollar grant to all adult citizens and a 30% tax on all income.
eliminate food stamps, education grants, and most forms of government assistance. This instead would be covered by the 10k grant paid to everyone -whether they make $0 or $100,000,000.
All income would be taxed at 30%.
The break even point would be at 33.3k - you'd get a 10k grant but owe 10k in taxes.
If you made 50k - you'd pay net 5k (10%) in taxes (that's after the grant is figured in)
If you make 100k - you'd pay net 20k (20%)
If you make 250k you'd pay 65k (26%)
If you make 1,000k you'd pay 290,000 (29%)