Essentially, the tax curve starts at 0 and goes up. Why not shift it down? There's nothing special about 0.
Essentially, the tax curve starts at 0 and goes up. Why not shift it down? There's nothing special about 0.
It also automatically makes it available to every legal tax resident, regardless of whether they are in the country via a work permit, a residence permit, or citizenship. Taxing somebody and not providing them with an UBI would be unfair.
The US has a $3000 child tax credit which applies to approximately 80 million children [1]
The US has a $13,000 tax deduction, taken by >200 million people
last, Lower income folks making less than 20k already get ~40K of benefits, credits, and deductions.[2]
https://www.irs.gov/credits-deductions/individuals/child-tax...
https://www.illinoispolicy.org/illinois-warped-welfare-syste...