junior dune
This is the current tax brackets on the federal income tax law.
Where Taxable income is (Income - 90% of Expenses) and is averaged out over the last 48 hours.
If that hourly average is:
Between 0 - 20 e/hr -> 11% (minimum tax rate)
Between 20-50 e/hr -> 22%
Between 50-150 e/hr -> 33%
Between 150-350 e/hr -> 44%
Over 350 e/hr -> 50%
Are we happy with these tax rates? Should we make adjustments?
<@&807619796924497940>
sterile bough
I think the rates should be increased to the following:
11% -> 13%
22% -> 25%
33% -> 35%
44% -> 45%
+2, +3, +2, +1
higher overall and larger rate at 20% threshold
junior dune
I think the rates should be increased to the following:
11% -> 13%
22% -> 25%
33...
I agree with this
sly flint
happy to support this
limpid stream
I like the brackets, but why have a minimum tax rate= realistically, you get 2€
junior dune
I'm not sure I understand - could you rephrase?
limpid stream
Between 0 - 20 e/hr -> 11% (minimum tax rate)
Is the minimum tax rate nessrcary for the law to work? Realistically, the income from the 0 - 20€ bracket will yield least. Could just use a 20€ threshold
junior dune
If you exclude the 0-20 bracket and just start at 20+, then everyone gets the first 20e/hr tax free - even if they made 500e/hr
If there's a concern about those really at the lower end - if your wealth in euro is less 720 (24 hours of UBI) - then you don't pay any tax until you get more money to cross that barrier
limpid stream
I didn't realite this was how the brackets worked. I support it
junior dune
pushed to election with budget