Amount shouldn’t matter in regards to the system, but You have a point there, a person does not incur tax debt unless they’re claiming earnings.
And you have to claim enough earnings to actually file for a refund, that can partially or fully “cancel” the meager incentive.
I am/was ignorant on the current state of incentives in S.Korea, if it actually is direct payment, the current system is indeed better than the US system. But without a doubt what their leader proposed is worse.
Providing the incentive as tax credit inherently ties the benefit to employment, just not as much as the clown proposal in OP.
My understanding that base Korea benefit is done via direct transfer, which is the proper method for such things.
Amount shouldn’t matter in regards to the system, but You have a point there, a person does not incur tax debt unless they’re claiming earnings. And you have to claim enough earnings to actually file for a refund, that can partially or fully “cancel” the meager incentive.
I am/was ignorant on the current state of incentives in S.Korea, if it actually is direct payment, the current system is indeed better than the US system. But without a doubt what their leader proposed is worse.
We are deff aligned then!!