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kennetha

(3,666 posts)
85. Not quite doubling TOTAL federal revenue but increasing it by an amount equal to
Wed Feb 10, 2016, 05:17 PM
Feb 2016
the total (2013) federal revenue from individual income taxes and the estate tax. That's a HUGE and unprecedented increase in federal revenue. JUST TO PAY FOR ONE PROGRAM

And those are Sander's own numbers.

I didn't say he wanted to increase individual income taxes by 100%. He's proposed a wide variety of taxes, designed to substantially increase government revenues.


You can read about it here:


The taxes Sanders is calling for are in a different league from any peacetime Democratic candidate in history. The single-payer health plan alone, according to the estimates of the Sanders campaign, requires raising as much revenue as the federal government collected in 2013 through the individual income and estate taxes. In other words, we’d need to double that revenue. To do so, Sanders proposes the following: a 6.2 percent increase in payroll taxes; a 2.2 percent increase in income taxes on everyone; higher estate taxes; taxing capital gains and interest as ordinary income; limiting tax deductions for the rich; and higher income-tax rates on the upper brackets.


http://www.theatlantic.com/politics/archive/2016/02/sanderss-party-problem/460293/

Or see Sanders own estimations here:





A 6.2 percent income-based health care premium paid by employers.
Revenue raised: $630 billion per year.
A 2.2 percent income-based premium paid by households.
Revenue raised: $210 billion per year.
This year, a family of four taking the standard deduction can have income up to $28,800 and not pay this tax under this plan.
A family of four making $50,000 a year taking the standard deduction would only pay $466 this year.Progressive income tax rates.
Revenue raised: $110 billion a year.Under this plan the marginal income tax rate would be:
37 percent on income between $250,000 and $500,000.
43 percent on income between $500,000 and $2 million.
48 percent on income between $2 million and $10 million. (In 2013, only 113,000 households, the top 0.08 percent of taxpayers, had income between $2 million and $10 million.)
52 percent on income above $10 million. (In 2013, only 13,000 households, just 0.01 percent of taxpayers, had income exceeding $10 million.)
Taxing capital gains and dividends the same as income from work.
Revenue raised: $92 billion per year.
Warren Buffett, the second wealthiest American in the country, has said that he pays a lower effective tax rate than his secretary. The reason is that he receives most of his income from capital gains and dividends, which are taxed at a much lower rate than income from work. This plan will end the special tax break for capital gains and dividends on household income above $250,000.
Limit tax deductions for rich.
Revenue raised: $15 billion per year
Under Bernie’s plan, households making over $250,000 would no longer be able to save more than 28 cents in taxes from every dollar in tax deductions. This limit would replace more complicated and less effective limits on tax breaks for the rich including the AMT, the personal exemption phase-out and the limit on itemized deductions.
The Responsible Estate Tax.
Revenue raised: $21 billion per year.
This provision would tax the estates of the wealthiest 0.3 percent (three-tenths of 1 percent) of Americans who inherit over $3.5 million at progressive rates and close loopholes in the estate tax.


https://berniesanders.com/issues/medicare-for-all/

Just do a little math and you get that the amount of new revenue he wants to raise is very, very high. And is in fact equal to the total revenue raised by the combination of income taxes and estate taxes in 2013.

Those are his numbers.
source please hollysmom Feb 2016 #1
I hope he remembered to wash hands before posting. HooptieWagon Feb 2016 #5
+! Jarqui Feb 2016 #11
still waiting for the ask for OPs sources.... demosocialist Feb 2016 #14
see below kennetha Feb 2016 #91
Where in the hell is "below?" Admiral Loinpresser Feb 2016 #99
Here kennetha Feb 2016 #101
Your Atlantic hit piece is a mischaracterization. Admiral Loinpresser Feb 2016 #117
Just more right wing BS and a rehash of thier hit piece Ferd Berfel Feb 2016 #143
Sources? VSP Hill fans don't need no stinkin' sources. cali Feb 2016 #40
Sometimes I wonder if these OPs come from Weekly World News, next to Elvis was a Space Alien! nt TheBlackAdder Feb 2016 #114
Are you dissing BatBoy??? dorkzilla Feb 2016 #118
I loved bat boy,my favorite cover was bat boy bites Sadaam! hollysmom Feb 2016 #148
Tomorrow the story will be "1 Billion percent!?!?!!1111" LondonReign2 Feb 2016 #44
crickets. nt restorefreedom Feb 2016 #68
Stuff and nonsense. hedda_foil Feb 2016 #2
Fine by me. Erich Bloodaxe BSN Feb 2016 #3
He's not going to double your personal taxes kennetha Feb 2016 #92
I'm fine with both. Erich Bloodaxe BSN Feb 2016 #94
Nooooo!!!!!1!! Democrats might actually stand for something..... daleanime Feb 2016 #4
These ops give whole new meaning to going off the rails: beam me up scottie Feb 2016 #6
DUzy! hifiguy Feb 2016 #38
Today's meme is "Taxes". Pass it on! beam me up scottie Feb 2016 #47
LMAO!!! n/t kdmorris Feb 2016 #57
Truth is going off the rails? kennetha Feb 2016 #93
I smell desperation in the air. Fuddnik Feb 2016 #7
Yes, double the taxes on the 1%. HooptieWagon Feb 2016 #8
Agreed. hedgehog Feb 2016 #58
Don't tax you, don't tax me, tax that fella behind the tree nt firebrand80 Feb 2016 #9
Lol 2pooped2pop Feb 2016 #10
falsehoods & total misrepresentation amborin Feb 2016 #12
No it's not kennetha Feb 2016 #96
But the Federal Government brings in ~$3.3 Trillion a year Motown_Johnny Feb 2016 #100
Total Revenue kennetha Feb 2016 #105
Your OP says "federal revenue" and that is what I gave a link to. It is ~$3.3 Trillion Motown_Johnny Feb 2016 #113
you know it's true that kennetha Feb 2016 #121
Please provide links to your numbers. Motown_Johnny Feb 2016 #125
Already provided a link down below. kennetha Feb 2016 #128
Why can't you comprehend this part? Motown_Johnny Feb 2016 #142
And where to do get this stuff? Thin air? sinkingfeeling Feb 2016 #13
Nope. They pull it out of their, er, hats. cali Feb 2016 #43
Hope they stood up first Lordquinton Feb 2016 #63
I had a cat once would do that SwampG8r Feb 2016 #135
I'm good with it. floriduck Feb 2016 #15
Me too or three! And for firms like Verizon, which over the past few years have paid Zero truedelphi Feb 2016 #120
This message of Hope and Change brought to you from the fear mongers at Hillary Co. NightWatcher Feb 2016 #16
My taxes will go up by $100/year under Bernie's plan Doctor_J Feb 2016 #17
Not talking about your taxes kennetha Feb 2016 #97
OhNoes! Fear! Fear! Save me pragmatic, team Shillery! R. Daneel Olivaw Feb 2016 #18
An economist found that median income would increase by $22,000 if Bernie Sanders gets to the White pberq Feb 2016 #19
But but but TAXES!!!!!! Dretownblues Feb 2016 #77
Pisshhh, that is written by a respected economist dorkzilla Feb 2016 #119
All we're saying is, pay your fair share. Period. Gregorian Feb 2016 #20
Sniff sniff DefenseLawyer Feb 2016 #21
People really shouldn't be able to make blatantly false claims cali Feb 2016 #22
But reading is haaaaard, cali! kath Feb 2016 #28
Yep. And Hillary supporters have the temerity to cali Feb 2016 #34
It's the one thing they do well. frylock Feb 2016 #42
Perfectly said, cali. hifiguy Feb 2016 #31
Thank you so much. cali Feb 2016 #46
+1,000,000 PoiBoy Feb 2016 #75
Thank you. cali Feb 2016 #78
Wait a second...are you telling me he’s not pure? dorkzilla Feb 2016 #124
I nominate this thread for the TRASH jham123 Feb 2016 #23
Oh noes - the people are coming, the people are coming Red Oak Feb 2016 #24
Lee Atwater is that you? Armstead Feb 2016 #25
Here comes the kitchen sink NowSam Feb 2016 #26
Why isn't this considered trolling? hifiguy Feb 2016 #27
And pure 100% Flamebait. Pedestrian and unimpressive, but Flamebait cali Feb 2016 #49
Because it's in support of the candidate who employs the DU owner's wife n/t arcane1 Feb 2016 #52
Ouch. Truth. hifiguy Feb 2016 #60
Sssh! Cat needs to be in bag. n/t truedelphi Feb 2016 #122
I did not know this... AzDar Feb 2016 #144
Cause it's flat out true? kennetha Feb 2016 #98
Misinformant confirmed. retrowire Feb 2016 #29
So that is today's meme from the Hill. Got it yourout Feb 2016 #30
Yup, OP after OP about taxes LondonReign2 Feb 2016 #50
"Read My Lips" is sure to follow. arcane1 Feb 2016 #53
It's a tribute to their beloved Ronald Reagan! nt m-lekktor Feb 2016 #56
Kick! dchill Feb 2016 #32
Well . . . jeez . . . I'll happily pay more taxes so everyone can have Medicare like I do. Vinca Feb 2016 #33
Thanks for the flashback deutsey Feb 2016 #35
The problem is his programs don't add up itsrobert Feb 2016 #36
And...... ornotna Feb 2016 #83
Kick if you are ready for 100% herp derp. frylock Feb 2016 #37
You never know unless you try! alcibiades_mystery Feb 2016 #39
I'd gladly pay more taxes for single-payer healthcare cyberswede Feb 2016 #41
I am! scscholar Feb 2016 #45
I, too, would like a clear, understandable packman Feb 2016 #48
Well, you got the memo, but you have no idea what to do with it. arcane1 Feb 2016 #51
Yeah. Shadowflash Feb 2016 #54
Best . . . dog . . . ever! Vinca Feb 2016 #72
Well then KICK. Downwinder Feb 2016 #55
Quit lying. n/t TDale313 Feb 2016 #59
Right now I have working kids who need help paying for their hedgehog Feb 2016 #61
LOL, hillary, is that you? Wow, fucking desperation taking over the hill fans. Nt Logical Feb 2016 #62
lies seem to be all the hill folk have left LOL bowens43 Feb 2016 #64
The Conservatives on DU are being outed... AZ Progressive Feb 2016 #65
Yeah, America is so great that we can't do what every other industrialized country..... DrewFlorida Feb 2016 #66
Another person to make these big, false claims and then disappear n/t dana_b Feb 2016 #67
Flat out true kennetha Feb 2016 #103
Looking at the charts, I'd pay safeinOhio Feb 2016 #69
Not talking about your individual tax rate kennetha Feb 2016 #102
Like I said safeinOhio Feb 2016 #138
Kick if you're ready for more disingenuous horseshit... AOR Feb 2016 #70
Wow - I didn't realize you were a CEO of a corporation that hides its earnings in the Cayman Isles. jillan Feb 2016 #71
Alert Results Matt_in_STL Feb 2016 #73
Holy Freakoly! Taxes! AlbertCat Feb 2016 #74
Kick if you start OPs and don't respond once in 2 1/2 hours Deny and Shred Feb 2016 #76
had a 2.5 hour meeting. kennetha Feb 2016 #90
Fair enough. Among the 90 responses, many are intriguing. Deny and Shred Feb 2016 #95
A meeting for what... AOR Feb 2016 #115
I'm not. Dawson Leery Feb 2016 #79
I'll tell you what I believe notadmblnd Feb 2016 #80
Nonsense. pugetres Feb 2016 #81
what, you don't know how to add? kennetha Feb 2016 #89
I have looked over the information for myself. pugetres Feb 2016 #110
I make about 14,000 per year...and my health care wants me to pay 800+ per month angstlessk Feb 2016 #82
Kick for the entertainment value of comedy. Tierra_y_Libertad Feb 2016 #84
Not quite doubling TOTAL federal revenue but increasing it by an amount equal to kennetha Feb 2016 #85
Hey - it's that same article by the former Clinton deputy secretary. Fawke Em Feb 2016 #140
your math is wrong. Vattel Feb 2016 #141
If it means health care for all, roody Feb 2016 #86
Doesn't pay for education for all kennetha Feb 2016 #88
My answer is obviously Fuck, yes. roody Feb 2016 #107
We'll see how many agree kennetha Feb 2016 #108
I have to admire your persistence if nothing else. hifiguy Feb 2016 #145
It's all a distraction from the real issue... ahimsa Feb 2016 #131
silly H2O Man Feb 2016 #87
If it was okay for Bernanke and Geithner to "leak" some 22 trillions of dollars to the truedelphi Feb 2016 #104
I have a message for Bernie Sanders. Senator Tankerbell Feb 2016 #106
Typical redbaiting bs kenfrequed Feb 2016 #109
Why is it BS? kennetha Feb 2016 #112
What does it all mean, Mr. Natural? hobbit709 Feb 2016 #132
The real Mr Natural quote. hifiguy Feb 2016 #146
Yes, do it. JustABozoOnThisBus Feb 2016 #111
Actually people who are serious about single payer kennetha Feb 2016 #116
Can we put the CEOs and other top managers to work making license plates? hifiguy Feb 2016 #147
Discussion of the costs needs discussion of benefits katsy Feb 2016 #123
Your individual taxes are not going to double kennetha Feb 2016 #126
IIRC the taxation he's proposing doesn't rise to the level of the 50s thru 70s katsy Feb 2016 #129
His income tax rates don't go that high kennetha Feb 2016 #130
What horseshit. Unrec. Odin2005 Feb 2016 #127
Kennetha, your post is disingenuous at best. PatrickforO Feb 2016 #133
He needs that much additional revenue kennetha Feb 2016 #134
Oh, oh. Then we'll have to quit spending in excess of $1 trillion a year PatrickforO Feb 2016 #136
Obviously you're fine with it kennetha Feb 2016 #137
How much do you and/or your employer pay four your healthcare insurance premiums each year? mhatrw Feb 2016 #139
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