CultureCitizen
Silver Member
- Jun 1, 2013
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I made a similar poll in absolute terms, this time it is relative to gdp.
Now, some restrictions:
1) assume al other social security programs disappear( medicare , medicaid, government pensions, food stamps)
2) Public schools will still exists ( the budget for education is less than 1% of gdp )
3) The tax rate will be 35% flat, but the minimum income will work as a tax return for everyonew with an income. Hence if someone earns 50,000 a year and the UMI is 10,000 that person will only pay 7,500 in taxes instead of 17,500.
4) The minimum income only applies to people over who are 20 year or older ( to avoid people using extra kids as a way to increase their income)
5) I have not included percentages above 30% because even without social programs some money is required to run the government and build infrastructure; it is unlikely the government will be able to raise more than 40% of gdp in taxes.
Now, some restrictions:
1) assume al other social security programs disappear( medicare , medicaid, government pensions, food stamps)
2) Public schools will still exists ( the budget for education is less than 1% of gdp )
3) The tax rate will be 35% flat, but the minimum income will work as a tax return for everyonew with an income. Hence if someone earns 50,000 a year and the UMI is 10,000 that person will only pay 7,500 in taxes instead of 17,500.
4) The minimum income only applies to people over who are 20 year or older ( to avoid people using extra kids as a way to increase their income)
5) I have not included percentages above 30% because even without social programs some money is required to run the government and build infrastructure; it is unlikely the government will be able to raise more than 40% of gdp in taxes.