Bezos … suggesting the bottom half of earners should pay 0% in income taxes.
That’s a great idea that would be a great complement to a wealth tax, but not something the mayor of one city can do much about. Bezos should take thing to his representatives in Congress!
That being said, it would be instructive to see how close we’re already getting to this. Whoever passed the changes to the huge personal exemption probably did a lot for both simplifying taxes for most people and helping a lot more pay zero. Even republicans deserve credit if it was them - I assume it was because of the cap (until this year) in state and local tax exemption meant this was paid for mainly by middle class in high cost of living states (largely Democrat)
Absolutely fucking not in general because fuck the Republican party,
But also absolutely fucking not in this specific case - between them slashing government services and inflating the hell out of the economy the average person’s standard of living is down while the deficit is still up. That cut in income taxes is like giving someone a thimble of water after setting them on fire, but also they flooded the sink and made a mess in the kitchen doing it somehow.
That’s a great idea that would be a great complement to a wealth tax, but not something the mayor of one city can do much about. Bezos should take thing to his representatives in Congress!
That being said, it would be instructive to see how close we’re already getting to this. Whoever passed the changes to the huge personal exemption probably did a lot for both simplifying taxes for most people and helping a lot more pay zero. Even republicans deserve credit if it was them - I assume it was because of the cap (until this year) in state and local tax exemption meant this was paid for mainly by middle class in high cost of living states (largely Democrat)
Absolutely fucking not in general because fuck the Republican party,
But also absolutely fucking not in this specific case - between them slashing government services and inflating the hell out of the economy the average person’s standard of living is down while the deficit is still up. That cut in income taxes is like giving someone a thimble of water after setting them on fire, but also they flooded the sink and made a mess in the kitchen doing it somehow.