I think what you need to do if you hope to facilitate a discussion is get into the nitty gritty detail of exactly what events cause this capital flipping mechanism to happen. An individual getting a paycheck? A business making a profit (income minus expenses)? An asset appreciating and/or being liquidated? Who is paying and what events make them pay? What happens with part time work, self-employment, debt/loans, interest, rental income, depreciation, appreciation, etc.
For now, the more answers I get the hazier it is. I still don’t understand if this is payroll based.
I am skeptical at the idea this frees up the worker especially due to its “flat” nature, but I don’t really have enough information until you hash this out better.
The last thing I’ll point out is that federal taxes are NOT 50% as you describe, nowhere close.
For now, the more answers I get the hazier it is. I still don’t understand if this is payroll based.
I am skeptical at the idea this frees up the worker especially due to its “flat” nature, but I don’t really have enough information until you hash this out better.
The last thing I’ll point out is that federal taxes are NOT 50% as you describe, nowhere close.