Business Here's what the tax code would look like if Bernie Sanders got everything he wanted
 

How could anyone want this guy for president? Dyna Mo ..... I don't understand.


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"Bernie Sanders has a lot of plans. He's got his single-payer health care plan, his tuition-free college plan, his infrastructure plan, his youth jobs plan, his expanded Social Security plan, his (borrowed from Kirsten Gillibrand) paid family leave plan, and many others.

And for every plan, he's got an idea to pay for it. College? Slap a financial transactions tax on Wall Street. Infrastructure? Tax corporations on profits they earn abroad. Single-payer? Raise income and payroll taxes, and then a bunch of others too.

That leaves out the financial transactions tax, his carbon tax plan, the elimination of many corporate tax breaks he proposes, and so forth. And, of course, it's highly unlikely that everything Sanders is proposing would be passed in its current form should he be elected president, especially with a Republican House. But the combined rates nonetheless give a sense of the scale of change he's calling for.


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lol - dident read

lol ....... New edited version.

The amounts people are being forced to spend on private insurance now should be added to the before column for accuracy.

Insurance premiums would be halved. College fees would disappear and no longer be a reserve for the rich, getting kids off the streets and into jobs would cut crime rates and lower the cost of police, courts and crime. As for a carbon tax, do you think taxing those who are ruining the planet is a bad idea?

Taxing businesses more is a tricky one as it leads to them leaving the US. What needs to be done is tax them in a way they can't use the Third World as a place to manufacture and the US, or any Western country as a place to base themselves, live and sell, then dodge paying taxes.

Passing on their savings to you and your Grandchildren as debt.

You obviously disagree. How rich are you?

As you said the business owned politicians will never allow it to happen. So the ordinary Americans will end up footing the bill. I'm assuming that's not you with your Cayman Island based HQ. LOL

What I will never understand is why anyone earning under $100,000 per year votes Republican. As for dirt-poor farmers in the Mid-West. Turkeys and Christmas springs to mind.

In 3, 2, 1..

Theres no such thing as free.

that's a bit deceptive.... no state tax... 9-12% in California... no self employed tax... 12% isn't it?

Good point, state tax would be on top of that. The payroll tax listed is FICA which should be the same as self employed tax.


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I read this far and stopped ......

I don't believe "college is for the rich".

My cousin just graduated from college. His mother was a single mom who had four kids, and he was totally on his own when it came to paying for it. He worked full time at Nordstrom's selling shoes, and then later at Bank Of America as a bank teller. After hours, he worked at the student store and also was a dorm supervisor so he had free room and board. Not only did he support himself the entire four years, he also paid off his entire college education before he graduated.

We give billions of dollars in subsidies to companies like Exxon Mobile, some of the richest companies on the planet, who pay little or nothing in taxes. The absurd corporate welfare can be stopped, saving a ton of cash.

I'm not saying this chart is accurate, but here's the claimed math:
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genius :1orglaugh

That right there is a bunch of home brewed Socialism. Watch how fucked up things get if that becomes the case. The lazy and unmotivated will love Sanders. Why work for it when the government will give it to you for "free". If we haven't already turned into a welfare state, this will get us along nicely.

What terrifies me about this is that Obama's administration has already created an army of government dependents, over 50% of the U.S. population. If they vote, we're fucked.

Hence the reason we can't pay to have our roads and bridges brought back to tip top shape.. Because there is no tax money to fix them...

My nephew attends and lives at George Washington University - I am SURE my sister can not afford it at all. Where the money comes from, I haven't a clue, but I am sure my nephew handled working all the logistics out with grants, scholarships etc.

Its pretty simple.

You dumb fucking yanks spend 600 BILLION per year on murdering people.

30 million dead. Catching up to Chairman Mao very nicely.

And the worst thing is, you Americans are sooooooooo fucking dumb you let it all happen right in front of you.

How about cutting back on that spending???

Battle of the charts.

I certainly wouldn't/couldn't/shouldn't try and dispute the accuracy of either of these.

I will say those are Bernie's plans. not promises. not guarantees and certainly far from certain. I like the ideals behind many of those plans more. I like how Bernie Sanders has eschewed Super Pac money and not received $1 from Wall Street fat cats and big corps. The system is broken starting with campaign finance and he has promised to go after that as POTUS and i like that a lot. Let's start where the problem starts. I also like his stance on ISIS (have the ME handle it), a couple other of his views.

You expect me to believe people who have an AGI over $250,000 pay 28% of that income toward payroll taxes? Those charts are another Internet joke. That said, there will be substantial tax increases no matter who is elected.

Either; (1) both assets and income will be taxed by recession or inflation or, (2.) just income by legislation -- pick your poison -- either way there will be winners and losers.

Trump, Hillary and Sanders are all promising some form of taxpayer supported universal healthcare -- so that is really a done deal platform proposal.

Free college is not exactly free -- Sanders' proposal is for tuition only at state supported schools. If you want to go to Yale or Harvard it is full price. Students should have to qualify for free college with acceptable SAT or other exam scores regardless of race or income.

Excessive capital gains taxes are not a good idea. That capital has already been taxed once and should not be taxed again. An equities (all assets) transfer tax of less than 5% would be a much better way to raise money. It would be a flat tax on all transfers from dollar 1.

Somehow, we have to pay for both infrastructure improvements as well as retire a lot of our debt to become solvent again.

$0.12 is what $1 buys today compared to $1 of value in 1960. Inflation has not worked.

if you don't pay yours army - you pay foreign army :2 cents:
iron rule

Yes as self employed with my own business I have to pay 12% into fund......SS and some other stuff I think

We can't stop the fucking aasholes....

Rob, it will get worse. It is called the baby boom. Obama didn't do it, post WWII sex did. We have known this was coming or at least anyone who reads did.

And you just proved his point. :(

Feel the Bern IMO

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Jesus fucking christ, do you honestly believe that CO2 is ruining the planet? Above all the other harm that humans do?




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Why?

Americans spend twice as much for Healthcare than the UK and get a worse service. College fees for only those who can pass the entry exams would make further education a right for everyone and not a privilege of the rich. It would be a great benefit for the long term prosperity of America.

The only way trickle down works in a modern world is via taxes. The 1950s idea of rich people creating jobs in the country they work from is gone. they now create jobs in the Thrid World.

Why should he have to work like that to get a good job, and generate money for the country? Would it not be better for the country to pay for it, assuming he passes exams and the degrees are "sciences", and when he gets a job to repay some in a form of higher taxes?

I wonder with all that work how much his education suffered.

Dude you're fucked up if you think life is free.. or should be free

Agreed, the rise of the bureaucrat has been terrible here in Europe.

You forgot to mention the debt mountain.

An extension of this is good for the country.

No comment needed.

What US State was that taken in?

Here's the truth. for 5 minutes look at everything around you and see where it was made and who made it.

Then research how much tax the company made, how many American jobs they created to make the product and how much they spent outside the US.

This is billions of $$$$ flowing out of the US, same here in Europe. If it continues there will be more homeless on the streets of US cities and towns.

The only way to stop this is to block imports from countries who only want to sell, or tax the companies that take money out of the US economy.

Or go bankrupt. On a personal level, because your customer base isn't in the Third World, it's in the first. And a billionaire needs only one dating app. He most certainly isn't creating jobs for 1,000 Americans who need one as well. By exporting jobs, he became a billionaire.

This applies to people employing illegal Mexicans to clean their hotels.

:1orglaugh :1orglaugh :thumbsup

I think Cuba has free healthcare and college.

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If Bernie wins I'm going back to college. Going to smoke a shitload of weed and major in fingerpainting.

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And you're paying. :)

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Very little in economics happens over night.

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And this can be applied to the West v the Third World to see the current trends. The bosses at Apple are billionaires because they employ Third World workers to make products for a fraction or what it would cost in the West. This used to work while we were making products they couldn't. The problem is the Third World isn't interested in only making shoes and iPhones.

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Soo anyone who assumes their customer base is rock solid is insane. Because every second more money flows out of the West into the East. And what is in the West is being greedily gobbled up by a tiny elite, getting prepared for when they have a tiny customer base.

[QUOTE-Grapesoda]Dude you're fucked up if you think life is free.. or should be free[/QUOTE]

Nothing that comes via Corporate is a bargain.

We pay half as much as you do for healthcare, and I now pay nothing after working and paying.

Well i am surprised i did not get told off by 50 people already - Shows at least more people are starting to know this.

Everyone just needs to get PISSED and throw them all out, ALL of em.

My daughter graduated from UC Davis then UCLA with a fucking Masters with a couple scholarships and working as a babysitter and zero student loans. If you can't stand the heat stay out of the kitchen.

Markham, you are so fucking delusional just shut the fuck up. You can't even live in your home country.

It's Markham, he makes Rochard seem like a Rhodes Scholar

It said Napoleon Bonaparte - not me.

Such a wonderful dream.

:1orglaugh:1orglaugh

Bravo! Your daughter did something that a vast majority of Americans, and citizens of the world are starting to loathe the thought of; MADE A SACRIFICE. She sacrificed to get what she wanted, and I congratulate her for it. :thumbsup

I had a full ride athletic scholarship to the University of Miami for baseball. I lost it before playing a single game because some dindu decided to get stab happy one night at Coconut Grove. That's another story for another thread. But I had to make a decision to drop out or pay my own way. Instead of trying to rely on my parents or the government, I went out and got a full time job to help offset the costs. I was taking 12 - 15 credit hours a semester, and working 40 hours a week. I'm not bragging, I'm proud of the sacrifice I made in order to get what I wanted. I didn't ask for handouts, I didn't expect anyone to feel sorry for me for losing my scholarship. I just put my nose to the grinder and worked my ass off.

That's the problem with society today. A majority of people are looking for loopholes or handouts, not only wanting BUT expecting assistance, and when they don't get it, they didn't fail themselves, the government failed them. That's HORSESHIT! No one in this world owes you shit! When you rely on yourself, you can do amazing things. When you rely on others, you can come up with amazing excuses. It's easy to blame others for your failures, but hard to step up and do what's honorable. :2 cents:

:1orglaugh:1orglaugh :1orglaugh
all ideas of socialists ideas always end - the robbery people who have money and destruction other people's business. then begin to take away property has ordinary people - killing everyone who does not agree. then begin to kill and intelegent and smart people who understand what is happening and talk about it . then comes an even greater economic decline.

Well, somebody has to pay for all the "FREE" shit he promises.Either tax the fuck out of the working class or start printing money.

working for free for socialism is necessarily

Reading this thread. Some of you sociliast types are disgusting. I honestly wish you would be arrested for treason and rot in jail so your poisonous ideas dont effect anyone else.

Does anyone other than me find it insane that we are FORCED to pay even 33% of our hard earned dollars to the government let alone 40%,50% or even 75%???

Boggles my mind.

Not only that, but you're penalized for working harder and making more money. What kind of incentive plan is that!?!? I want to work 18 hours a day, busting my ass to make millions of dollars so I can give 77% of it to the government. I mean, that unemployed pot smoker that sits at home playing video games all day needs someone to take care of him, right? And I also have to spend hours and hours researching marketing trends and securities so I can invest in the right market. So I can pay capital gains taxes of 65%.

This system is rewarding people for being lazy and unmotivated. Completely opposite of what made America great in the first place. :mad: