Posted on 02/09/2016 5:36:20 AM PST by Citizen Zed
Sanders' tax plan is intriguing in that he's looking to raise taxes on everyone, not just high-income households. However, as you'll see below, well-to-do households will fund the majority of the tax revenue increase under Sanders' tax reform plan.
According to research from the Tax Foundation, Sanders' tax plan would, on a static basis, raise $13.6 trillion over the next decade, mostly from a combination of payroll tax increases and individual income tax hikes. When taking into account the perceived economic impact of Sanders' plan, the Tax Foundation estimates a positive revenue impact of approximately $9.8 trillion over 10 years.
How might Sanders' tax plan affect you?
A substantial amount of money would be raised by a 6.2% income-based tax on corporations, which is primarily being used to fund a universal healthcare program for all Americans. However, individual income tax increases are also expected to generate significant additional revenue if Sanders' plan is enacted.
(Excerpt) Read more at fool.com ...
hillary would raise rates too. Bernie is honest about it.
Hmmm....isn’t that the “Soul Train” font from the 70’s. If so, interesting choice with the BLM in play at the moment. You’d think they (blacks) wouldn’t want to be stigmatized with thoughts of huge Afros, elevator shoes, bellbottom pants, and the funky chicken and booty bop style dancing.
Cute but stupid and arrogant
Wonder if all these college kids that support Bernie think they will never get a job anyway. I thought those college bound did so to get a high paying job. Guess they fail to see that Bernie will tax them into poverty.
I thought of a Barbie t-shirt.
Well, looking at that picture I can certainly Feel the Attitude. :)
Sander Claus
would cost me another $4500 a year
so that under-qualified brats could go to a 4-year re-education camp for “free” to major in Gender studies, Political correctness and 3-day weekend partying.
No thanks
Wow, if I take a 6% Pay “cut”. I make back 10% in less taxes.
Well at least it accurately reflects their brainless state of (or lack of) mind.
I think that everyone’s taxes will rise 40%+. At least for those who actually pay taxes.
They all look like they need nose rings.
The idiots who take to government have NEVER tired of finding ways to confiscate your money and flush it down the toilet.
It’s NEVER enough with them.
The figures are based on Bernie’s estimates. They aren’t an honest assessment IMHO. They also don’t take into account the economic decline that the tax hikes will cause. The federal government currently borrows 40% of what it spends and Bernie’s plan would double federal spending.
I predict that:
1. Bernie won’t get elected
2. If Bernie gets elected he’ll be handcuffed by Congress
3. If Congress rolls over and goes along with his proposals he’ll collapse the whole economy. Businesses will fail due to over-regulation and taxes. Corporations will flee the country, as will the rich. Government will take over the energy, education, and medical businesses.
An additional 2.2 percent on both income tax and interest.
Could live with it.
Ouch!
Absolutely ... Congress will stifle Sanders like they have stifled Obama ...
Oh wait ...
Girl on the left looks promising...
You suck 13 TRILLION out of an economy in 10 years and there is no economy to speak of.
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