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 of certain types of business expenses. Individuals are also allowed credits related to education expenses, retirement savings, child care expenses, some health care premiums, and a credit for each child. Each of the credits is subject to specific rules and limitations. Some credits are treated as refundable payments. Alternative Minimum Tax: All taxpayers are also subject to the Alternative Minimum Tax if their income exceeds certain exclusion amounts. This tax applies only if it exceeds regular income tax, and is reduced by some credits. Additional Medicare Tax: High-income earners may also have to pay an additional 0.9% tax on wages,