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80 sats \ 0 replies \ @supertestnet 15 Oct 2023
I found this bloomberg article helpful: https://archive.ph/WnSNL
If it's correct, the minimum income tax bracket was raised so that no one owes income taxes unless their salary is more than $60,500 per year -- which, according to Bloomberg, is "a fraction of the workforce" in that country.
So not "abolished" entirely but since the majority of taxpayers won't have to pay, it's fair say it was abolished "for them" -- and "for now."
Also from the article:
Sounds just like desperate politics. Cancel taxes, give everyone free money, and let the next guy in line deal with the consequences.
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110 sats \ 1 reply \ @designsats 16 Oct 2023
so no more roads and firefighters for argentina?
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0 sats \ 0 replies \ @elvismercury 16 Oct 2023
The roads are already terrible, the mind reels.
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15 sats \ 1 reply \ @fedelang 15 Oct 2023
This is fake news. Tax wasn't abolished, merely updated at the expense of more printing.
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0 sats \ 0 replies \ @nikotsla 16 Oct 2023
Yea, seems a marketing headline, the tax still exist, just rise the amount you need to reach to pay it.
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10 sats \ 0 replies \ @Wumbo 15 Oct 2023
Interesting timing Peter McCormack just released a video about Argentina - #284680
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0 sats \ 0 replies \ @TheBTCManual 17 Oct 2023
Breaking news: Argentina opts to drop an administratively burdensome method of tax that is showing diminishing returns in favour of the easier way to tax their citizens
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0 sats \ 0 replies \ @nkmg1c_ventures 16 Oct 2023
CBDCs and more inflation tax incoming
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0 sats \ 0 replies \ @2bithits 16 Oct 2023
Need to see how it plays out first Jimmy
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0 sats \ 0 replies \ @joyepzion 15 Oct 2023
This will make it a Bitcoin haven
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0 sats \ 0 replies \ @nitter 15 Oct 2023
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0 sats \ 0 replies \ @nemo 16 Oct 2023
deleted by author
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