Compare the Difference
If you earn $10,000, you'd receive $38,000 per year with the new system instead of the $10,00 you net today.
Today
Salary $10,000
FICA Tax $765
Total $9,235
The New Operating System
Salary $10,000
Universal Basic Income $24,000
Earned Income Credit $5,000
Payments Tax $70
Total $38,930