Why do you think you would owe $14,400 a year? What you pay to receive UBI entirely depends on the details of the taxation used to pay for it.http://ubicalculator.com
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Replying to @scottsantens
Because the 1200 we currently received is just a prepayment of your tax refund. It’s similar to what Obama did in 2009. I’m saying he needs to start differentiating what his
#UBI is against the stimulus. He’s doing himself a disservice.3 replies 0 retweets 0 likes -
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Replying to @_BarringtonII @scottsantens
So the $1200 is a tax free check from the government?
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I’ve heard both takes — as well as that the wording is legally ambiguous. Anyone have a more directly cited take on the matter?
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I’m reading the actual bill rn because it’s quoted both ways now that I’m reading different articles. What I just read described it as a tax credit which would make sense based one the previous answers.
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