Friday, January 20, 2012

Throwing Spaghetti Time: Income Tax Rates Based On Age

You get to vote at 18. Get to drink at 21. Get to drive at 16, basically.

How about you pay taxes at different rates based on your age? Brilliant, I know.

We can do this because we know the births of every baby in the country. If you are born here, we know the date. Most countries can't do that.

We need to use this data in a positive, economically sound way. Pay less tax during child bearing years. Pay more tax the older you get and the less dependants you provide for.

I won't hold my breath but it's a fascinating idea to me

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