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#taxrate — Public Fediverse posts

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  1. Spolu 22: Keep the Taxes Low

    Spolus should first pay a share of their profits to the government. I recommend 20-25%.

    Because the rest of the profits are distributed to employees, customers, and suppliers, and investors, the rest of the profits will be taxed as well. So no need to make the business tax high.

    tiereddemocraticgovernance.org

    #tiereddemocraticgovernance
    #spolu #taxrate

  2. One of the things not often talked about when talking about a #UBI, is that it allows you to make a #FlatTax a #Progressive #Tax.

    This is a good thing, because a lot of the trash we have favoring #corporations / #investors, etc is actually because we can't really tax all #income the same while having a progressive tax.

    So, check is out:

    Suppose there's a 40% #TaxRate, and a $20k UBI.

    The Effective Tax on an individual then becomes what's shown in the picture.

    This is _more_ progressive than our current tax system.

  3. "economist G Zucman wrote, “In the 1960s, e 400 richest #Americans paid more than half of their income in #taxes. Higher #tax rates for e #wealthy kept #inequality in check & helped fund e creation of social safety nets like Medicare, Medicaid & food stamps.” But as Zucman adds, “In 2018, #America’s top #billionaires paid just 23% of their income in taxes. For the first time in e history of USA, billionaires had a lower #effective #taxrate than #workingclass Americans.”"
    prospect.org/justice/2024-05-2