in collaboration with Spotlight on Poverty and Opportunity

Implement a reversible income tax

File under: welfare, taxes

0 (0 votes)

From: JAMES P., MINNEAPOLIS, MN

Implement a refundable tax credit for every adult in the United States: $10,000 per year to replace all forms of income support -- e.g., welfare, unemployment insurance, Social Security, Social Security Disability Insurance (SSDI), farm price supports, mortgage interest deductions, other income tax deductions, and college scholarships. If an adult earns less than $10,000 per year, the government brings him or her up to that level. Children would receive a percentage of the adult tax credit equal to the age of the child times 5 percent. (Thus, a one-year-old child would receive $500, a ten-year-old, $5,000, and a 20-year-old, $10,000).


Comments:

American Public Media © |   Terms and Conditions   |   Privacy Policy

SPONSORS

Support American RadioWorks with your Amazon.com purchases
Search Amazon.com:
Keywords: