this post was submitted on 31 Jan 2025
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Explain Like I'm Five
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Assuming you want to keep tax revenue the same, we're talking a $27k tax bill for each adult based on 2023's numbers (nothing newer was available).
Ordinary workers get shafted by taxes going up (rough guess, under $200k/year income) A few (TBH I'm not sure how many, really) pay about the same. Really high-income people make out like bandits.
If you think the economy is harsh for "regular joes" right now, oof. You're in for a doozy.
You deleted this before I read it, btw.
Yes because I made a mistake and realized what I said wasn't relevant.
Oh, I see. Carry on!