Author Topic: Bernie Sanders' Income Tax Brackets: How Much Would You Owe?  (Read 905 times)

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Offline ABX

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Bernie Sanders' Income Tax Brackets: How Much Would You Owe?
« on: February 09, 2016, 01:44:19 pm »
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Bernie Sanders' recently unveiled tax proposal calls for a major overhaul to the individual income tax brackets. How would you fare if his plan were implemented? .....

...If implemented, all Americans would see an increase in their marginal tax rate of 2.2%, which is estimated to raise nearly $2.5 trillion over 10 years. This tax is known as the "healthcare premium" in Sanders' plan, and it's paired with the aforementioned 6.2% employer tax to help pay for a universal health program. You'll note the 10%, 15%, 25%, and 28% marginal tax brackets all have an extra burden of 2.2% under Sanders' tax reform plan. It's also worth noting that by Sanders' calculations a family of four earning less than $28,800 per year wouldn't owe any tax under the new plan....

http://www.fool.com/retirement/general/2016/02/07/bernie-sanders-income-tax-brackets-how-much-would.aspx




Offline NavyCanDo

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Re: Bernie Sanders' Income Tax Brackets: How Much Would You Owe?
« Reply #1 on: February 09, 2016, 01:52:47 pm »
If voters in this country elect a Socialist, we have a whole lot more to worry about that paying more taxes.  I would say we would have come to an end of the ride, and have handed the keys over to the Occupy wing of the Millennials.
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Offline mountaineer

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Re: Bernie Sanders' Income Tax Brackets: How Much Would You Owe?
« Reply #2 on: February 09, 2016, 06:37:21 pm »
Nothing like a draft-dodger for CIC. We already had that with Clinton - and he bombed the heck out of Christians in the Balkans.  :pondering:
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Offline Sanguine

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Re: Bernie Sanders' Income Tax Brackets: How Much Would You Owe?
« Reply #3 on: February 09, 2016, 06:38:53 pm »
I would owe a lot more than I do now.

Offline Scottftlc

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Re: Bernie Sanders' Income Tax Brackets: How Much Would You Owe?
« Reply #4 on: February 09, 2016, 06:43:57 pm »
Ha! This will only be the beginning...stuff costs a lot of money of these days.  Let's not talk about inflation from the minimum wage either.
Well, George Lewis told the Englishman, the Italian and the Jew
You can't open your mind, boys, to every conceivable point of view

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