there already is a basic-income check. it’s the standard write-off on taxes. about $12k/yr is not taxed. this yields about $2400 annually (20%) of overlooked tax money
>>>there already is a basic-income check. it’s the standard write-off on taxes. about $12k/yr is not taxed. this yields about $2400 annually (20%) of overlooked tax money<<<
That is a Target I will attempt to reach with the help of some strategic Deductions. I’ve been a “Payer” for over 45 Years and I end up with a Commie running the Country when I get to the end of the road.
So far it’s been a one way street since I’ve never seen a dime of the Taxes that the Feds dole out like candy to their Friends and Family.
After six months if Chemotherapy this year, I’ll be happy living long enough to collect my first SS Check in only eight Months, whoopee! If only I could last long enough to recoup the Principal. Recouping any of the phantom Investment Income that money would have earned, well that’s another story.
Hand the Federal Government a cool $250,000+ in SS Taxes over a lifetime and end up with a Monthly Check equal to what an Illegal Invader will get just for showing up.
Life is fair in the land of President Amnesty and his Merry Band of the Perpetually Offended.