http://www.bbc.com/news/magazine-31907670
In Mali apparently you can pick your own tax bracket, 3% or 30%
That got me to thinking, what tax rate would you set for yourself.
I expect half the people who reply to this to be like "0% LOL" but let's see where this goes.
Me:
0 sales taxes, other pseudo sales taxes (gas tax, alcohol tax, etc)
0% tax under $2,500 a month
50% tax on income above $2,500 a month
I would set a flat tax on income over the poverty rate as defined for the location where you life.
ReplyDeleteI would have a 20% value added tax on everything but government services, food, and shelter
I would change CPP to individual funds to which people can give more if they like but have to pay in a minimum amount as defined by their age and current state of money in their fund. The government would invest the funds collectively in long term safe investments.