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Bernie Sanders' Diabolical Tax Increase (Original Post) Pryderi Jan 2016 OP
I like what I see tazkcmo Jan 2016 #1
Same old 15% for me. safeinOhio Jan 2016 #2
My plan would be a little different Kalidurga Jan 2016 #3
I like your plan, with the 75%. nt Live and Learn Jan 2016 #10
I could live with it lower Kalidurga Jan 2016 #21
Those poor folks making $250,000 plus. TIME TO PANIC Jan 2016 #4
yea, Nasty attacking the "middle-class" like that Ferd Berfel Jan 2016 #6
Ya know, once I win the Lottery I'm gonna hate this Ferd Berfel Jan 2016 #5
That leaves out payroll levies Recursion Jan 2016 #7
can you explain? Matariki Jan 2016 #8
Payroll levies are separate from income taxes Recursion Jan 2016 #11
Yes, but that's in exchange for NO copay and NO deductable Matariki Jan 2016 #13
Is it? Medicare has a $1000 deductible and 20% copay Recursion Jan 2016 #14
If you're on Medicare you probably aren't paying payroll taxes. Or levies. Matariki Jan 2016 #15
No, but you're either paying a $1000 deductible and 20% copays, or you have private insurance Recursion Jan 2016 #16
Right now, if you're on Medicare you are probably retired Matariki Jan 2016 #22
I'd go far higher for those making over 250k. nt Live and Learn Jan 2016 #9
Wow, actually a tax cut for a small group just under $500,000 Kentonio Jan 2016 #12
And we have MEDICARE for all............................. turbinetree Jan 2016 #17
So I see the tax increases start with the Middle Class. nt cherokeeprogressive Jan 2016 #18
Change we can believe in. forest444 Jan 2016 #19
good start SoLeftIAmRight Jan 2016 #20
^ Wilms Jan 2016 #23
And given Eisenhower's top tax rate was over 90%, proves that Ike was a bigger socialist... cascadiance Jan 2016 #24

tazkcmo

(7,300 posts)
1. I like what I see
Mon Jan 18, 2016, 09:41 PM
Jan 2016

I'll leave it to the "bean counters" aka smart people knowledgeable in govt accounting aka GAO to tell us if it covers what Sen Sanders says it covers. I doubt I'll be disappointed.

Kalidurga

(14,177 posts)
3. My plan would be a little different
Mon Jan 18, 2016, 09:59 PM
Jan 2016

I am not opposed to this. But, my plan would be to go in 20k increments until you hit 200k then go in 50 k increments. And I would not raise rates for anyone under 150 k, but I would lower the rate for several groups under that. For example someone making 60k would pay 12% under my plan. But, I would go for 30% on people making more than 150k. I would go 40% for those over 250k. And finally those in the group over 10 million I would go for at least 58%, but I could be persuaded that up to 75% is the way to go.

Kalidurga

(14,177 posts)
21. I could live with it lower
Tue Jan 19, 2016, 12:42 AM
Jan 2016

I would rather keep the part where I lower taxes on those making less than 30k. That is if it was my choice. People in that income range spend money when they have it, so I see it as a way to help the economy grow.

Recursion

(56,582 posts)
11. Payroll levies are separate from income taxes
Mon Jan 18, 2016, 11:51 PM
Jan 2016

Sanders's plan raises Medicare levies by IIRC 2.2% for workers and 6.7% for their employers.

Right now, workers pay 6.2% of their salaries to Social Security (and their employers pay another 6.2%), and 1.45% to Medicare (again, matched by their employers), so someone making $18,000 pays 17.65% in taxes, not 10%. Under Sanders's plan that goes to 19.85%, with employers paying 23.35% of their employees salary as payroll levies.

For reasons that can best be described as "craven politics", these levies are generally not described as "taxes", and not included in whether or not a plan "raises taxes".

Matariki

(18,775 posts)
13. Yes, but that's in exchange for NO copay and NO deductable
Mon Jan 18, 2016, 11:59 PM
Jan 2016

and no health insurance payment. More than a fair tradeoff. For both employees and business owners.

Using the 'raising taxes' bugaboo without acknowledging the real savings in the plan is disingenuous.

Thanks for answering, I didn't know what you meant by payroll levies.

Recursion

(56,582 posts)
14. Is it? Medicare has a $1000 deductible and 20% copay
Tue Jan 19, 2016, 12:03 AM
Jan 2016
More than a fair tradeoff.

Then he should be up-front about it.

Matariki

(18,775 posts)
15. If you're on Medicare you probably aren't paying payroll taxes. Or levies.
Tue Jan 19, 2016, 12:10 AM
Jan 2016

I'm not sure what you mean by "he should be up-front about it". His plan is very clearly put forth.

Recursion

(56,582 posts)
16. No, but you're either paying a $1000 deductible and 20% copays, or you have private insurance
Tue Jan 19, 2016, 12:15 AM
Jan 2016

to supplement Medicare.

I know there's some hand-waving about eliminating copays and deductibles in the expansion, but until somebody crunches out how much that would actually cost (it would be a lot) there's no real sense discussing it.

Matariki

(18,775 posts)
22. Right now, if you're on Medicare you are probably retired
Tue Jan 19, 2016, 01:32 AM
Jan 2016

And so the tax raise is not moot to the discussion. If there are no copays or deductibles then folks on Medicare are pretty much taken care of. Better than they are now.

If you are not retired and not on Medicare you and your employer are probably now paying much more in insurance premiums, deductibles and copays than any tax increase that would replace those things.

I don't think the math is all that obtuse. The numbers HAVE been crunched by Politifact, amonst others, and have been posted here.

In case you honestly haven't seen it, here: http://usuncut.com/news/bernie-sanders-healthcare-plan-would-save-the-average-american-family-1200/


http://www.politifact.com/truth-o-meter/article/2016/jan/13/how-much-would-bernie-sanders-health-care-plan-cos/

turbinetree

(24,720 posts)
17. And we have MEDICARE for all.............................
Tue Jan 19, 2016, 12:21 AM
Jan 2016

Honk--------------------for a political revolution

Bernie 2016


forest444

(5,902 posts)
19. Change we can believe in.
Tue Jan 19, 2016, 12:36 AM
Jan 2016

The only tweaks I'd make are enacting a 35% (rather than 37%) for those earning $250-411k, and a top marginal rate of 48% (rather than 52%).

Letting the top marginal rate rise above 50% has its merits; but it's just bad optics, and gives the GOP an easy attack line: "Sanders would tax more than half your income." And yes, they would say "your" income - and the Archie Bunkers making $40k would buy it.

48% on all taxable income above $2 million would accomplish the same thing, and would just be easier to market.

Get'er done, Bernie!

 

SoLeftIAmRight

(4,883 posts)
20. good start
Tue Jan 19, 2016, 12:38 AM
Jan 2016

but we need to add a wealth tax - 3% on wealth above $100,000,000 - dedicated to the debt

estate tax - dedicated to clean energy conversion

 

cascadiance

(19,537 posts)
24. And given Eisenhower's top tax rate was over 90%, proves that Ike was a bigger socialist...
Tue Jan 19, 2016, 02:52 PM
Jan 2016

... than Bernie is now, as Bernie thoughtfully pointed out in the debates earlier.

Republicans of course will over time be asked to either say they hate Ike now, or that they love him, and they've made a big mistake moving towards fascism instead since his time in the White House.

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