I think taxes should be based on a 5-year rolling average, to ease the burden for people who have high income only once in their life. Winning the lottery or patenting an invention that makes you rich is the American dream. Let’s tax high earners but show some lenience for folks who have a once in a lifetime windfall.

  • CameronDev@programming.devEnglish
    7·
    19 hours ago

    The top end high earners will just restructure their pay so that they get paid a big bonus once a decade or longer.

    • workerONE@lemmy.worldOPEnglish
      2·
      16 hours ago

      But similarly if you earn a lot in one year you could restructure it to spread it across several years. I just don’t think you should have to do that.

      • CameronDev@programming.devEnglish
        1·
        16 hours ago

        I believe the Australian tax code already allows that to some degree, its never applied to me though. I think its meant for sports people, who will earn lots in 5-10 years, but then not earn anything after that.