Basic income around the world under the name "the Tax Cut for the Rest of Us Act," based on a proposal coauthored by Al Sheahen. Following the 2009 financial crisis, and the increase political attention to the issue of inequality brought on by movements such as Occupy and the 99 Percent, brought new interest to basic income, which was furthered by influence from basic income trials conducted in Namibia and Indian and petition drives (citizens initiatives) for basic income in Switzerland and the European Union. Discussion has picked up every year to the point where mainstream political actors are regularly talking about basic income for
Income tax in the United States insurance (Social Security) taxes in 2016. The table below also does not reflect changes, effective with 2013 law, which increased the average tax paid by the top 1% to the highest levels since 1979, at an effective rate of 33%, while most other taxpayers have remained near the lowest levels since 1979. Income tax is imposed as a tax rate times taxable income. Taxable income is defined as gross income less allowable deductions. Taxable income as determined for federal tax purposes may be modified for state tax purposes. The Internal Revenue Code states that "gross income means all income from