Comment on [deleted]
snooggums@midwest.social 1 year agoWhy don’t we need to do the same level of overthinking for tax breaks?
Comment on [deleted]
snooggums@midwest.social 1 year agoWhy don’t we need to do the same level of overthinking for tax breaks?
wjrii@lemmy.world 1 year ago
To a certain extent we do, and frankly if UBI ever comes to the US it will probably be in the form of a Tax Credit. While most of us on Lemmy would probably agree the end result is grossly inadequate, the weird soup of taxes, credits, and deductions is the result of generations of politicians working the most accessible levers to manipulate economic policy, occasionally even with decent intentions.
snooggums@midwest.social 1 year ago
A tax credit is not UBI. UBI is paid throughout the year as income.
It would be comparable to social security payments in frequency.