“What this plan says without saying it is that 50K is what you should try to earn and keep for your basic needs. The rest is taxed. 10% of the next 50K you earn is your share of what it takes to provide basic services to you. 20% of the next 200K seems a little aggressive but it is probably necessary since so few make more than 300K. The 25% bracket is reasonable to me for high earners. It does not remove my incentive to do better and keep 90 to 75% of what I earn.”
MINIMUM UNTAXABLE INCOME! (MUI)
Should be indexed for inflation.
I’m sure it would be indexed for inflation.
If it is not it is up to the sheeple to change that and they can if they have a leader.