Income tax essay

When most people/papers talk about the “cost of a UBI,” they mean the additional cost of the policy, at least as far as tax burdens are concerned. So, the extra amount we’d need to come up with after existing taxes. This article is just saying that when most people think about this additional tax burden, they forget that part of that burden will be offset by the basic income. So, if my gross tax burden were to increase by $15,000 as a result of a UBI policy, but I got a UBI of $12,000, my total/net extra tax burden would really only be $3,000.

Income tax essay

income tax essay

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