My answers: In the essay, I suggested $5000 per year for a family of four, or about $1250 per person. Every citizen gets it. It is taxed according to the income tax code. For 2024, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%.
For those loving UBI how about we start with the most basic of all questions:
How much UBI?
Who gets it?
How is it taxed?
Simple eh? So simple no one is in agreement on the answers to these questions or how they should be decided.
My answers: In the essay, I suggested $5000 per year for a family of four, or about $1250 per person. Every citizen gets it. It is taxed according to the income tax code. For 2024, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%.