The Tax Foundation, an independent tax policy research organization, found that Bernie Sanders’ plan would lead to 10.56% lower after-tax income for all taxpayers, and a 17.91% lower after-tax income for the wealthiest Americans. When accounting for reduced GDP, taxpayers would see their after-tax incomes fall by 12.84% on average.
Supporters of Bernie Sanders might win a few converts if they put their money where their mouths are and voluntarily contribute extra taxes to support Sander’s proposed “freebie” offerings, just to show the rest of us how painless it will be.
Who wants to go first? Write a check out to the US Treasury for that 10.56% and post a pic here!