90% of people who employ housekeepers and babysitters cheat on their taxes
If someone reports their company for tax evasion in the US, he or she will get 30% of the amount collected
The federal tax code was 400 pages in 1913. In 2010 it was 70,000 pages
47% of Americans didn't pay income tax in 2012
The average number of days a person worked to pay his or her 2009 taxes was 103
The wealthiest 1% of the population earns 19% of income but pays 37% of the income tax. The top 10% pays 68% of the tab. The bottom 50% earns 13% of the income, but pays just 3% of the taxes. This doesn't include payroll taxes for Social Security and Medicare
1 million accountants are hired each year in America to help with taxes
Americans spend $27.7 billion every year doing their taxes
http://facts.randomhistory.com/tax-facts.html
The US tax code's 3.8 million words long
There's been 4,428 changes to the tax code over the last decade
The top 20% of all income earners in the US pay 86% of all federal income taxes
In 1950, corporate taxes accounted for 30% of all federal revenue. In 2012, corporate taxes account for 7% of all federal revenue
http://www.infowars.com/24-outrageous-facts-about-taxes-in-the-united-states-that-will-blow-your-mind/
The following figures come directly out of a report by Citizens for Tax Justice. These are combined figures for the tax years 2008, 2009 and 2010.
General Electric: Profits: $7.7 billion, Taxes: -$4.7 billion (-61.04% tax rate)
American Electric Power: Profits: $5.89 billion, Taxes -$545 million (-9.25% tax rate)Honeywell: Profits: $4.9 billion, Taxes: -$34 million (-0.69% tax rate)
Dupont: Profits: $2.1 billion, Taxes -$72 million (-3.43% tax rate)
Verizon: Profits: $32.5 billion, Taxes: -$951 million (-2.93% tax rate)
Wells Fargo: Profits: $49.37 billion, Taxes: -$681 million (-1.38% tax rate)
Boeing: Profits: $9.7 billion, Taxes: -$178 million (-1.84% tax rate)
Fed Ex: Profits: $3 billion, Taxes: -$23 million (-0.77% tax rate)
http://www.infowars.com/24-outrageous-facts-about-taxes-in-the-united-states-that-will-blow-your-mind/
From 2008-2013, GE made $33.9 billion in US profits, it received a total tax refund of more than $2.9 billion from the IRS. G.E.’s effective US corporate income tax rate over this 6 year period was -9%.
From 2008-2013, Boeing made $26.4 billion in US profits, it received a total tax refund of $401 million from the IRS. Boeing’s effective US corporate income tax rate over this 6-year period was -2%.
From 2008-2013, Verizon made $42.4 billion in US profits, it received a total tax refund of $732 million from the IRS. Verizon’s effective US corporate income tax rate over this 6-year period was -2%.
http://www.sanders.senate.gov/top-10-corporate-tax-avoiders
Sunday, April 17, 2016
stop and frisk statistics
In 2002, New Yorkers were stopped by the police 97,296 times.
80,176 were totally innocent (82%).
In 2003, New Yorkers were stopped by the police 160,851 times.
140,442 were totally innocent (87%).
77,704 were black (54%). 44,581 were Latino (31%). 17,623 were white (12%).
83,499 were aged 14-24 (55%).
In 2004, New Yorkers were stopped by the police 313,523 times.
278,933 were totally innocent (89%).
155,033 were black (55%). 89,937 were Latino (32%). 28,913 were white (10%).
152,196 were aged 14-24 (52%).
In 2005, New Yorkers were stopped by the police 398,191 times.
352,348 were totally innocent (89%).
196,570 were black (54%). 115,088 were Latino (32%). 40,713 were white (11%).
189,854 were aged 14-24 (51%).
In 2006, New Yorkers were stopped by the police 506,491 times.
457,163 were totally innocent (90%).
267,468 were black (53%). 147,862 were Latino (29%). 53,500 were white (11%).
247,691 were aged 14-24 (50%).
In 2007, New Yorkers were stopped by the police 472,096 times.
410,936 were totally innocent (87%).
243,766 were black (54%). 141,868 were Latino (31%). 52,887 were white (12%).
223,783 were aged 14-24 (48%).
In 2008, New Yorkers were stopped by the police 540,302 times.
474,387 were totally innocent (88%).
275,588 were black (53%). 168,475 were Latino (32%). 57,650 were white (11%).
263,408 were aged 14-24 (49%).
In 2009, New Yorkers were stopped by the police 581,168 times.
510,742 were totally innocent (88%).
310,611 were black (55%). 180,055 were Latino (32%). 53,601 were white (10%).
289,602 were aged 14-24 (50%).
In 2010, New Yorkers were stopped by the police 601,285 times.
518,849 were totally innocent (86%).
315,083 were black (54%). 189,326 were Latino (33%). 54,810 were white (9%).
295,902 were aged 14-24 (49%).
In 2011, New Yorkers were stopped by the police 685,724 times.
605,328 were totally innocent (88%).
350,743 were black (53%). 223,740 were Latino (34%). 61,805 were white (9%).
341,581 were aged 14-24 (51%).
In 2012, New Yorkers were stopped by the police 532,911 times
473,644 were totally innocent (89%).
284,229 were black (55%). 165,140 were Latino (32%). 50,366 were white (10%).
In 2013, New Yorkers were stopped by the police 191,558 times.
169,252 were totally innocent (88%).
104,958 were black (56%). 55,191 were Latino (29%). 20,877 were white (11%).
In 2014, New Yorkers were stopped by the police 45,787 times.
37,744 were totally innocent (82%).
24,319 were black (53%). 12,489 were Latino (27%). 5,467 were white (12%).
In 2015, New Yorkers were stopped by the police 22,939 times.
18,353 were totally innocent (80%).
12,223 were black (54%). 2,567 were Latino (11%). 6,598 were white (29%).
http://www.nyclu.org/content/stop-and-frisk-data
80,176 were totally innocent (82%).
In 2003, New Yorkers were stopped by the police 160,851 times.
140,442 were totally innocent (87%).
77,704 were black (54%). 44,581 were Latino (31%). 17,623 were white (12%).
83,499 were aged 14-24 (55%).
In 2004, New Yorkers were stopped by the police 313,523 times.
278,933 were totally innocent (89%).
155,033 were black (55%). 89,937 were Latino (32%). 28,913 were white (10%).
152,196 were aged 14-24 (52%).
In 2005, New Yorkers were stopped by the police 398,191 times.
352,348 were totally innocent (89%).
196,570 were black (54%). 115,088 were Latino (32%). 40,713 were white (11%).
189,854 were aged 14-24 (51%).
In 2006, New Yorkers were stopped by the police 506,491 times.
457,163 were totally innocent (90%).
267,468 were black (53%). 147,862 were Latino (29%). 53,500 were white (11%).
247,691 were aged 14-24 (50%).
In 2007, New Yorkers were stopped by the police 472,096 times.
410,936 were totally innocent (87%).
243,766 were black (54%). 141,868 were Latino (31%). 52,887 were white (12%).
223,783 were aged 14-24 (48%).
In 2008, New Yorkers were stopped by the police 540,302 times.
474,387 were totally innocent (88%).
275,588 were black (53%). 168,475 were Latino (32%). 57,650 were white (11%).
263,408 were aged 14-24 (49%).
In 2009, New Yorkers were stopped by the police 581,168 times.
510,742 were totally innocent (88%).
310,611 were black (55%). 180,055 were Latino (32%). 53,601 were white (10%).
289,602 were aged 14-24 (50%).
In 2010, New Yorkers were stopped by the police 601,285 times.
518,849 were totally innocent (86%).
315,083 were black (54%). 189,326 were Latino (33%). 54,810 were white (9%).
295,902 were aged 14-24 (49%).
In 2011, New Yorkers were stopped by the police 685,724 times.
605,328 were totally innocent (88%).
350,743 were black (53%). 223,740 were Latino (34%). 61,805 were white (9%).
341,581 were aged 14-24 (51%).
In 2012, New Yorkers were stopped by the police 532,911 times
473,644 were totally innocent (89%).
284,229 were black (55%). 165,140 were Latino (32%). 50,366 were white (10%).
In 2013, New Yorkers were stopped by the police 191,558 times.
169,252 were totally innocent (88%).
104,958 were black (56%). 55,191 were Latino (29%). 20,877 were white (11%).
In 2014, New Yorkers were stopped by the police 45,787 times.
37,744 were totally innocent (82%).
24,319 were black (53%). 12,489 were Latino (27%). 5,467 were white (12%).
In 2015, New Yorkers were stopped by the police 22,939 times.
18,353 were totally innocent (80%).
12,223 were black (54%). 2,567 were Latino (11%). 6,598 were white (29%).
http://www.nyclu.org/content/stop-and-frisk-data
Friday, April 15, 2016
stalking, harassment and lgbt facts
- 50% of stalking victims are younger than 30 years old
- 1 in 8 stalking victims reported losing time at work because of stalking incidents
- 76% of women killed by their intimate partners were stalked by their partners beforehand
- 1 in 4 stalking victims reports that some form of cyberstalking was used against them, such as email (83% of all cyberstalking victims) or instant messaging (35%)
- A recent study by the CDC reveals that in the US 1 in 6 women (16.2%) and 1 in 19 men (5.2%) have been victims of stalking
- The amount of time lost from work due to stalking ranged from 5-25 days
- 11% of stalking victims have been stalked for over 5 years
- 5% of sexual assaults on college campuses are reported
- 40% of rape survivors develop sexually transmitted diseases as a result of sexual assault
- A 3rd of women who are raped as minors are also also raped as adults
- Rape survivors are 13 times more likely to attempt suicide than are people who haven't been victims of a crime
- In a 1992 survey of girls in grades 2-12, 89% of the respondents said they've been targets of unwanted sexual gestures, looks, or comments
- 2013 study of 93,000 LGBQT individuals in the European Union found that half avoided public spaces sometimes due of street harassment and most reported high levels of fear in locations like restaurants, public transportation, streets, parking lots and parks
- 43% of gay and lesbian people and 90% of trans people, have experienced harassment or discrimination
- 40% of homeless kids identify as LGBT
- Gay, lesbian and bisexual kids are 4 times more likely to attempt suicide than straight kids
- The buying power of the LGBT community's estimated at $830B
super pac facts
Donations from New York, Washington DC, Massachusetts, California and Texas make up 2 out of every 3 dollars raised by the Super PACs.
In congressional races in 2010, the candidate who spent the most won 85% of the House races and 83% of the Senate races, according to the Center for Responsive Politics
http://endoftheamericandream.com/archives/buying-the-vote-12-facts-about-super-pacs-that-will-blow-your-mind
As of March 20 2016:
102,479 Bernie Sanders ads aired
92,610 Hillary Clinton ads aired
59,195 Marco Rubio ads aired
41,767 Ted Cruz ads aired
39,062 Jeb Bush ads aired
28,305 Donald Trump ads aired
14,541 John Kasich ads aired
https://www.publicintegrity.org/2015/10/16/18631/see-how-much-2016-presidential-candidates-have-raised-so-far
In the 1st 12 days of 2016, a super PAC backing Jeb Bush spent $13.5 million in Iowa, New Hampshire and other states on ads and direct mail promoting the former Florida governor and attacking his rivals.
http://www.wsj.com/articles/super-pacs-are-spending-so-far-to-little-effect-1452891580
In congressional races in 2010, the candidate who spent the most won 85% of the House races and 83% of the Senate races, according to the Center for Responsive Politics
http://endoftheamericandream.com/archives/buying-the-vote-12-facts-about-super-pacs-that-will-blow-your-mind
As of March 20 2016:
102,479 Bernie Sanders ads aired
92,610 Hillary Clinton ads aired
59,195 Marco Rubio ads aired
41,767 Ted Cruz ads aired
39,062 Jeb Bush ads aired
28,305 Donald Trump ads aired
14,541 John Kasich ads aired
https://www.publicintegrity.org/2015/10/16/18631/see-how-much-2016-presidential-candidates-have-raised-so-far
In the 1st 12 days of 2016, a super PAC backing Jeb Bush spent $13.5 million in Iowa, New Hampshire and other states on ads and direct mail promoting the former Florida governor and attacking his rivals.
http://www.wsj.com/articles/super-pacs-are-spending-so-far-to-little-effect-1452891580
diabetes facts
- 90% of people with Type 2 diabetes are obese
- African-Americans and Hispanics have a higher rate of Type 2 diabetes than whites. There's 74 cases per 1,000 for African-Americans, 61 cases for Hispanics and 36 cases for whites
- The death rate among African-Americans with diabetes is 27% higher than among whites with diabetes
- 1 in 3 African-American women between the ages of 65-74 have diabetes
- 11% of Americans aged 65-74 have diabetes. 20% of them over 75 years old have diabetes and half of them are unaware they have the disease
- Half of Hispanics with diabetes regularly visit a dentist compared to 58% of African-Americans and 70% of non-Hispanic whites with diabetes
- 60-70% of people with diabetes have mild to severe forms of nervous system damage
- Every 10 seconds someone dies from diabetes-related causes globally. Every year nearly 3.5 million people in the world die due to diabetes
- Diabetes is responsible for 1 million amputations each year, a large percentage of cataracts and at least 5% of blindness worldwide
- 85% of all amputations are the result of a non-healing foot ulcer
- 50% of all lower limb amputations in Ontario are directly related to diabetes
- 69% of limb amputees with diabetes won't survive past 5 years
- 20.9 million live births were affected by diabetes during pregnancy in 2015 – 1 in 7 births
- Diabetes caused 5 million deaths in 2015; every 6 seconds a person dies from diabetes
- 75% of adults with diabetes live in low- and middle-income countries
- 20% of obese people don't show signs of the disease. 15% of people diagnosed with type 2 diabetes are at a normal weight
- 29.1 million people or 9.3% of the US population have diabetes, including 8.1 million people who have diabetes but haven't yet been diagnosed (All ages, 2012)
- 60% of non-traumatic lower-limb amputations among people aged 20 years or older occur in people with diagnosed diabetes.
- Diabetes was the 7th leading cause of death in the US in 2010
- In 2012, the total cost of diabetes in the US was $245 billion
- 60% of diabetics in the world live in Asia
- 1 in 3 cigarettes produced around the globe's smoked in China
- Average amounts of weekly exercise in Chinese adults decreased by 32% between 1991 and 2006
here's some more random facts
FACTS ABOUT TOURETTE SYNDROME(TS)
- 10% of people with TS swear, which is known as coprolalia
- 79% of people with TS also have co-morbid conditions — ADD, ADHD, OCD, anxiety disorders, sensory processing disorder (SPD) and dysgraphia, just to name a few
- TS effects males 3-4 times more than females
- Surpassing even depression, anxiety's the most common form of mental illness in the US. 10% of teens and 40% of adults suffer from an anxiety disorder of some kind
- 2/3 of adults with anxiety don't get treatment
- https://www.dosomething.org/us/facts/11-facts-about-anxiety
- $42 billion's spent yearly by the US government for the diagnosis and treatment of anxiety disorders. That's 33% of the US budget for mental health ($148 billion)
- 10% of people with schizophrenia commit suicide
- 55% of women and 38% of men report being victim to sexual harassment while serving in the military
- 30% of soldiers develop mental problems within 3-4 months of being home
- 11-20% of veterans of the Iraq and Afghanistan wars (Operation Iraqi Freedom and Operation Enduring Freedom) have been diagnosed with PTSD
- In Gallup's 2014 tracking data, 32% of Catholics identified as Hispanic
- In 2013, of the estimated 14,212,800 Jews in the world, 6,103,200(42.9%) live in Israel and 5,700,000(40.1%) live in the US. That means 83% of Jews live in Israel and the US
Facts about literacy, add/adhd and dyslexia
- Worldwide, 12% or 775 million adults—are considered functionally illiterate
- 70% of America’s inmates can’t read past a 4th grade level
- 90% of high school dropouts are on welfare
- 2/3 of the world’s lowest literate adults are women.
- 1 in 4 kids in America grow up without learning how to read
- Black students in the US are expelled at 3 times the rate of white students
- Black students make up 16% of US school enrollment and make up 32% of students who get in-school suspensions, 42% of students who get multiple out-of-school suspensions and 34% of students who are expelled
- ½ of the global low-literate population are in the regions of South and West Asia
- Kids who don’t learn to read are 17% of the population and are 50% of the special education population.
- A student who finishes 2nd grade without being able to read has a 1 in 4 chance of reading at grade level by the end of elementary school.
- 35% of kids with reading disabilities drop out of school, a rate twice that of their classmates.
- 25% of adults in this country lack the basis literacy skills required for a typical job.
- 50% of juvenile delinquents manifest some kind of learning disability, primarily in the area of reading.
Between 1984 and 1996 the percentage of 12th grade students reporting that they “never” or “hardly ever” read for fun increased from 9% to 16%
A poll of middle and high school students commissioned by the National Education Association found that 70% of middle school students read more than 10 books a year, compared to 49% of high school students
http://www.nea.org/grants/facts-about-childrens-literacy.html
According to the 2013 OECD PIAAC survey: 80% of adults(ages 16-65) with the highest literacy levels were employed, versus 57% at lowest literacy levels
http://abclifeliteracy.ca/workplace-literacy-facts
In 2011, the CDC reported that the percentage of kids in the US who have ever been diagnosed with ADHD’s now 9.5%. Boys are diagnosed 2-3 times as often as girls.
30% of kids and 25-40% of adults with ADHD have a co-existing anxiety disorder
http://www.adhdawarenessmonth.org/adhd-facts/
- 20% of school-aged kids in the US are dyslexic
- 50% of NASA employees are dyslexic
- 40 million American Adults are dyslexic and 2 million know it
70-85% of kids who are placed in special education for learning disabilities are dyslexic
40% of people with dyslexia have ADHD and those with dyslexia use 5 times more energy to complete mental tasks.
https://www.dosomething.org/us/facts/11-facts-about-dyslexia
Low literacy’s effects cost the US $225 billion a year in non-productivity in the workforce, crime and loss of tax revenue due to unemployment
According to the Bureau of Justice Statistics Special Report (2003), 75% of America’s state prison inmates, 59% of federal inmates and 69% of jail inmates didn’t complete high school.
http://www.fightilliteracy.org/literacy-facts/
Hillary Clinton's stances on issues
- Set national goals to have 500 million solar panels installed
- Lead the world in the fight against climate change by bringing greenhouse gas emissions to 30% below what they were in 2005 within the next decade
- Launch a $60 billion Clean Energy Challenge to partner with states, cities and rural communities
- Hillary would cut emissions of methane by 40-45% and put in place strong standards for reducing leaks from both new and existing sources
Clinton’s plan will:
- Reduce annual energy costs for American households and businesses by more than $70 billion, or $600 for the average household.
- Save American taxpayers more than $8 billion a year by reducing energy costs in public buildings and lowering healthcare and educational costs through efficiency improvements in hospitals, colleges and universities.
- Hillary’s New College Compact will invest $350 billion
- Clinton’s New College Compact ensures that students can attend a 4-year public college without taking loans for tuition, attend community college tuition-free, pushes states to re-invest and schools to reduce costs and raise graduation rates and rewards innovation that makes a real difference in student outcomes.
- Provide tuition-free community college. Following President Obama's plan, the New College Compact will provide tuition-free community college.
- Her New College Compact will expand AmeriCorps from 75,000 to 250,000 members and it'll build on the current AmeriCorps Segal education award by partnering with state and university leaders to enable volunteers who complete 2 years of community service and 1 year in a public service job to attend an in-state public college or university without having to take out loans for any expenses or to have their loans forgiven upon completion of their service commitment.
- Extend the American Opportunity Tax Credit ensuring that middle-class families avoid a tax increase of up to $2,500 per year. Her plan will permanently extend the American Opportunity Tax Credit, which now provides up to $2,500 in tax relief for tuition and other expenses to everyday American families – including $1,000 that's refundable and fully available for lower-income families.
Clinton’s “Rising Incomes, Sharing Profits” tax credit would:
- Award a 2-year tax credit to companies that share profits with their employees and companies that share profits with their employees would gete a 2-year tax credit equal to 15% of the profits they share – with a higher credit for small businesses. Shared profits eligible for the credit would be capped at 10% on top of employees' current wages. After 2 years, companies that have established profit sharing plans and enjoyed the benefits of them would no longer need the credit to sustain the plans.
Hillary's plan would:
- Boost federal infrastructure investment by $275 billion over the next 5 years.
- Under her plan, $250 billion would go directly to public infrastructure investment.
- Create a $25 billion national infrastructure bank. Hillary will allocate an additional $25 billion over 5 years to create an independent, government-owned infrastructure bank that'll support critical infrastructure improvements. The bank will provide loans and other federal support for investments in energy, water, broadband, transportation and multi-modal infrastructure projects.
- Reauthorize a Build America Bonds program to help finance the rebuilding of America’s infrastructure. Hillary would re-authorize President Obama’s highly successful Build America Bonds (BABs) program to stimulate billions of additional dollars in infrastructure investments.
- Hillary will invest in building world-class American airports and get the Federal Aviation Administration's “NextGen” program back on track to modernize our national airspace system and will reduce carbon emissions and save travelers and airlines an estimated $100 billion in avoided delays over the next 15 years.
She supports raising the federal minimum wage to $12 and believes in going further than the federal minimum through state and local efforts and workers organizing and bargaining for higher wages, such as the Fight for 15 and recent efforts in Los Angeles and New York to raise their minimum wage to $15.
https://www.hillaryclinton.com/issues/labor/
End abusive inversions and impose an “exit tax” on companies that leave America to lower their tax burden
https://www.hillaryclinton.com/briefing/factsheets/2016/04/01/hillary-clintons-strategy-to-make-it-in-america/
Hillary’s $1 trillion tax increase takes the form of several proposals:
- $350 Billion Income Tax Increase for a “New College Compact” – she's proposed a $350 billion income tax hike in the form of a 28% cap on itemized deductions.
- $275 Billion Business Tax Increase for “Infrastructure”—Clinton has called for a tax hike of at least $275 billion through undefined business tax reform. According to the Clinton campaign document, “Hillary will fully pay for these [Infrastructure] investments through business tax reform.”
- $400 Billion “Fairness” Tax Increase -- According to her published plan, Clinton has called for a tax increase of “between $400 and $500 billion” by “restoring basic fairness to our tax code.” These proposals include a “fair share surcharge,” taxing carried interest capital gains as ordinary income, and raising the Death Tax.
- However, she's also proposed several tax increases not included in the tally above. Because her campaign has failed to release specific details for many of her proposals, the true figure is likely much, much higher than $1 trillion.
- Capital Gains Tax Increase -- Clinton has proposed an increase in the capital gains tax to counter the “tyranny of today’s earnings report.” Her plan calls for an overly complex, byzantine capital gains tax regime with six brackets for those whose total taxable income puts them in the top 39.6 percent bracket. Her campaign has not said how much this will increase taxes.
- Tax on Stock Trading -- Clinton has proposed a new, unquantified tax on stock trading. The tax increase would only further burden markets by discouraging trading and investment. Inevitably, costs associated with this new tax will be borne by millions of American families that hold 401(k)s, IRAs and other savings accounts.
- “Exit Tax” – Clinton has proposed a series of measures aimed at corporate inversions including an “exit tax” – on income earned overseas. The term “exit tax” is used by the campaign itself. This proposal would completely fail to address the underlying causes behind inversions. Her campaign document describing this proposal says it'll raise $80 billion in tax revenue, but claims some of the $80 billion will be plowed into tax relief.
- http://www.atr.org/hillary-confirms-trillion-dollar-tax-hike-plan
- Clinton's strategy to raise taxes on high-income and wealthy Americans, which her campaign said would raise a total of $400 billion to $500 billion over the next decade
- In her plan, the tax would apply to estates exceeding $3.5 million per person and at a 45% top rate(she'd increase it basically to 2009 levels). Under current law the per-person exemption's $5.45 million and the top rate's 40%. As a result, the tax would hit about 0.4% of estates each year, up from 0.2% today.
- She earlier proposed a 30% minimum tax rate on people with incomes exceeding $2 million and a 4% surcharge on incomes over $5 million
Clinton campaign predicts her version of the levy would raise $150 billion in new revenue over a decade, or $15 billion each year on average – adding about 1% to the $1.5 trillion in individual income tax revenue collected federally in 2015
http://thinkprogress.org/economy/2016/01/13/3739072/hillary-clinton-tax-plan/
- Hillary Clinton’s plan would raise tax revenue by $498 billion over the next decade on a static basis. However, the plan would end up collecting $191 billion over the next decade when accounting for decreased economic output over the next decade
- On a static basis, the tax plan would lead to 0.7% lower after-tax income for the top 10% of taxpayers and 1.7% lower income for the top 1%. When accounting for reduced GDP, after-tax incomes of all taxpayers would fall by at least 0.9%
- As a result, the plan would reduce the size of GDP by 1% over the long term. This reduction in GDP would translate into 0.8% lower wages and 311,000 fewer full-time equivalent jobs.
- Enacts a new $1,200 tax credit for caregiver expenses
- Guarantee up to 12 weeks of paid family and medical leave.
- Ensure at least a 2-3rds wage replacement rate for workers.
- Her plan would put forward a tax credit for businesses of $1,500 per apprentice
- Hillary Clinton would change the tax system from 7 tax brackets to 8 tax brackets
- Single filers who have $0-9,275, married filers who have $0-18,550 and head of household who have $0-13,250 will pay 10% in ordinary income tax and 0% capital gains and dividends
- Single filers who have $9,275-37,650, married filers who have $18,550-75,300 and head of household who have $13,250-50,400 will pay 15% in ordinary income tax and 0% capital gains and dividends
- Single filers who have $37,650-91,150, married filers who have $75,300-151,900 and head of household who have $50,400-130,150 will pay 25% in ordinary income tax and 15% capital gains and dividends
- Single filers who have $91,150-190,150, married filers who have $151,900-231,450 and head of household who have $130,150-210,800 will pay 28% in ordinary income tax and 15% capital gains and dividends
- Single filers who have $190,150-413,350, married filers who have $231,450-413,350 and head of household who have $210,800-413,350 will pay 33% in ordinary income tax and 15% capital gains and dividends
- Single filers who have $413,350-415,050, married filers who have $413,350-466,950 and head of household who have $413,350-441,000 will pay 35% in ordinary income tax and 15% capital gains and dividends
- Single filers who have $415,050-5 million, married filers who have $466,950-5 million and head of household who have $441,000-5 million will pay 39.6% in ordinary income tax and 20% capital gains and dividends
- Single filers who have $5 million+, married filers who have $5 million+ and head of household who have $5 million+ will pay 43.6% in ordinary income tax and 24% capital gains and dividends
Bernie Sanders' stances on issues part 2
$0 –$18,450 10%
$18,451 – $74,900 15%
$74,901 –$151,200 25%
$151,201 – $230,450 28%
$230,451 – $250,000 33%
$250,001 – $500,000 37%
$500,001 – $2,000,000 43%
$2,000,001 – $10,000,000 48%
$10,000,001 + 52%
http://www.bernietax.com/#0;0
Senator Sanders’s plan would raise tax revenue by $13.6 trillion over the next decade on a static basis. However, the plan would end up collecting $9.8 trillion over the next decade when accounting for decreased economic output in the long run
A majority of revenue raised by the Sanders plan would come from a new 6.2% employer-side payroll tax, a new 2.2% broad-based income tax and the elimination of tax expenditures relating to healthcare.
According to the Tax Foundation’s Taxes and Growth Model, the plan would significantly increase marginal tax rates and the cost of capital, which would lead to 9.5% lower GDP over the long term
http://taxfoundation.org/article/details-and-analysis-senator-bernie-sanders-s-tax-plan
Sanders’ infrastructure plan was originally introduced in January as a Senate bill called the Rebuild America Act. A summary's laid out on his campaign issues page, Creating Jobs Rebuilding America. The plan calls for spending $1 trillion over the same 5-year period. Here’s what his plan includes:
● A $125 billion National Infrastructure Bank to leverage private capital to finance new projects.
● $75 billion to upgrade our passenger and freight rail lines.
● $12.5 billion to improve airports across the country.
● $17.5 billion to upgrade air traffic control systems.
● $15 billion to improve inland waterways, coastal harbors and shipping channels.
● $12 billion each year on high-hazard dams that provide flood control, drinking water, irrigation, hydropower and recreation across the country; and the flood levees.
● $6 billion a year so states can improve drinking water systems.
● $6 billion a year to improve the wastewater plants and stormwater infrastructure.
● $10 billion a year for power transmission and distribution modernization projects.
● $5 billion a year to expand high-speed broadband networks in underserved and unserved areas and to boost speeds and capacity all across the country.
https://ourfuture.org/20151201/clinton-vs-sanders-infrastructure-plans
Bernie Sanders claims that getting rid of these tax loopholes would raise over $100 billion over a decade:
The check-the-box loophole allows multinational companies to characterize their offshore subsidiaries in different ways to different governments so that their profits are untaxed.
The Hewlett-Packard loophole allows American corporations to use short-term loans from their subsidiaries circumvent the requirement that they pay US taxes on their offshore profits when those profits are brought to the US
The corporate inversions loophole allows an American corporation to merge with a (usually much smaller) foreign corporation and then reincorporate as a foreign company to avoid US taxes even as it continues to operate and be managed in the US
The carried interest loophole allows hedge fund managers to characterize their compensation (which they earn for managing other people’s money) as capital gains, which is subject to lower personal income tax rates than other types of income.
Valuation discounts are restrictions placed on small business property given to family members (to keep the business in the family, for example) which are often meaningless but are claimed to dramatically reduce their value for estate and gift tax purposes.
The real estate investment trust (REIT) loophole allows private prisons, billboard companies, casinos and other companies claim that they're making money from rents to avoid paying the corporate income tax.
http://www.sanders.senate.gov/newsroom/press-releases/sanders-asks-obama-to-close-six-egregious-corporate-tax-loopholes
$18,451 – $74,900 15%
$74,901 –$151,200 25%
$151,201 – $230,450 28%
$230,451 – $250,000 33%
$250,001 – $500,000 37%
$500,001 – $2,000,000 43%
$2,000,001 – $10,000,000 48%
$10,000,001 + 52%
http://www.bernietax.com/#0;0
Senator Sanders’s plan would raise tax revenue by $13.6 trillion over the next decade on a static basis. However, the plan would end up collecting $9.8 trillion over the next decade when accounting for decreased economic output in the long run
A majority of revenue raised by the Sanders plan would come from a new 6.2% employer-side payroll tax, a new 2.2% broad-based income tax and the elimination of tax expenditures relating to healthcare.
According to the Tax Foundation’s Taxes and Growth Model, the plan would significantly increase marginal tax rates and the cost of capital, which would lead to 9.5% lower GDP over the long term
http://taxfoundation.org/article/details-and-analysis-senator-bernie-sanders-s-tax-plan
Sanders’ infrastructure plan was originally introduced in January as a Senate bill called the Rebuild America Act. A summary's laid out on his campaign issues page, Creating Jobs Rebuilding America. The plan calls for spending $1 trillion over the same 5-year period. Here’s what his plan includes:
● A $125 billion National Infrastructure Bank to leverage private capital to finance new projects.
● $75 billion to upgrade our passenger and freight rail lines.
● $12.5 billion to improve airports across the country.
● $17.5 billion to upgrade air traffic control systems.
● $15 billion to improve inland waterways, coastal harbors and shipping channels.
● $12 billion each year on high-hazard dams that provide flood control, drinking water, irrigation, hydropower and recreation across the country; and the flood levees.
● $6 billion a year so states can improve drinking water systems.
● $6 billion a year to improve the wastewater plants and stormwater infrastructure.
● $10 billion a year for power transmission and distribution modernization projects.
● $5 billion a year to expand high-speed broadband networks in underserved and unserved areas and to boost speeds and capacity all across the country.
https://ourfuture.org/20151201/clinton-vs-sanders-infrastructure-plans
Bernie Sanders claims that getting rid of these tax loopholes would raise over $100 billion over a decade:
The check-the-box loophole allows multinational companies to characterize their offshore subsidiaries in different ways to different governments so that their profits are untaxed.
The Hewlett-Packard loophole allows American corporations to use short-term loans from their subsidiaries circumvent the requirement that they pay US taxes on their offshore profits when those profits are brought to the US
The corporate inversions loophole allows an American corporation to merge with a (usually much smaller) foreign corporation and then reincorporate as a foreign company to avoid US taxes even as it continues to operate and be managed in the US
The carried interest loophole allows hedge fund managers to characterize their compensation (which they earn for managing other people’s money) as capital gains, which is subject to lower personal income tax rates than other types of income.
Valuation discounts are restrictions placed on small business property given to family members (to keep the business in the family, for example) which are often meaningless but are claimed to dramatically reduce their value for estate and gift tax purposes.
The real estate investment trust (REIT) loophole allows private prisons, billboard companies, casinos and other companies claim that they're making money from rents to avoid paying the corporate income tax.
http://www.sanders.senate.gov/newsroom/press-releases/sanders-asks-obama-to-close-six-egregious-corporate-tax-loopholes
Thursday, April 14, 2016
Bernie Sanders' stances on issues: part 1
- Rebuild America Act: Sen. Sanders has proposed a $1 trillion plan to rebuild our crumbling infrastructure and put 13 million Americans to work.
- Paid for by making corporations pay taxes on all of the “profits” they have shifted to the Cayman Islands and other offshore tax havens, which the Congressional Research Services estimates may currently create losses that approach $100 billion annually, and other loopholes.
- College for All: Sen. Sanders has proposed making public colleges and universities tuition-free and substantially reducing student debt, in a plan that would cost about $75 billion a year.
- Paid for by imposing a tax on Wall Street speculators that would generate about $300 billion in revenue.
- Expand and Extend Social Security: Sen. Sanders has proposed expanding Social Security and extending the solvency of this program until 2065.
- Paid for by lifting the cap on taxable income above $250,000 so that the wealthy pay the same percentage of their income into Social Security as working people.
- Youth Jobs Program: Sen. Sanders has proposed a $5.5 billion youth jobs program to create 1 million jobs for disadvantaged young Americans.
- Paid for by ending the carried interest loophole that allows billionaire hedge fund managers to pay a lower tax rate than nurses and truck drivers.
- Paid Family and Medical Leave: Sen. Sanders has proposed at least 12 weeks of paid family and medical leave to all workers.
- Paid for by a payroll tax that would total $1.61 a week for the typical American worker. According to Sen. Gillibrand’s office, this would be “a self-sufficient program that would not add to the federal budget.”
- Protect Pensions: Sen. Sanders has introduced a plan to prevent cuts to the pensions of over 1.5 million Americans.
- Paid for by closing 2 tax loopholes that allow the wealthy to avoid taxes on money they inherit and expensive artwork they collect.
- Renewable Energy and Clean Jobs Transition: Sen. Sanders has a plan to invest in clean, sustainable energy sources powered by the sun, wind and Earth’s heat. He also has a plan to provide comprehensive benefits to workers as they transition to making the solar panels, wind turbines, and batteries of tomorrow.
- Paid for by stopping taxpayer-funded giveaways to oil, gas and coal companies.
- Sen. Sanders has introduced a plan to expand health care coverage to every American.
- Paid for by a 6.2% income-based health care premium paid by employers, a 2.2% income-based premium paid by households, progressive income tax rates, taxing capital gains and dividends the same as income from work, limiting tax deductions for the rich, adjusting the estate tax, and savings from health tax expenditures.
- Create a progressive estate tax on the top 0.3% of Americans who inherit more than $3.5 million. He'll also enact a tax on Wall Street speculators who caused millions of Americans to lose their jobs, homes, and life savings.
- Increasing the federal minimum wage from $7.25 to $15 an hour by 2020.
- Putting at least 13 million Americans to work by investing $1 trillion over 5 years towards rebuilding our crumbling roads, bridges, railways, airports, public transit systems, ports, dams, wastewater plants, and other infrastructure needs.
- Reversing trade policies like NAFTA, CAFTA, and PNTR with China that have driven down wages and caused the loss of millions of jobs.
- Creating 1 million jobs for disadvantaged young Americans by investing $5.5 billion in a youth jobs program.
- Fighting for pay equity by signing the Paycheck Fairness Act into law.
- Making tuition free at public colleges and universities throughout America.
- Expanding Social Security by lifting the cap on taxable income above $250,000.
- Guaranteeing healthcare as a right of citizenship by enacting a Medicare for all single-payer healthcare system.
- Requiring employers to provide at least 12 weeks of paid family and medical leave; 2 weeks of paid vacation and 7 days of paid sick days.
- Enacting a universal childcare and prekindergarten program.
- Enact Employee Free Choice Act.
- Breaking up huge financial institutions so that they are no longer too big to fail. 7 years ago, the taxpayers of this country bailed out Wall Street because they were too big to fail. Yet, 3 out of the 4 largest financial institutions are 80% bigger today than before we bailed them out. Sen. Sanders has introduced legislation to break these banks up. As president, he'll fight to sign this legislation into law.
- Bernie recently co-sponsored the Keep It in the Ground Act to ban future fossil fuel leases on our public lands and would keep over 90% of the potential carbon emissions from fossil fuels on our federal lands and waters underground forever.
- In August 2011, Bernie was the 1st national politician to publicly oppose Keystone XL
- Increase fuel economy standards to 65 mpg by 2025. Recent fuel economy standards put us on track to reach 54.5 mpg in 2025
- https://berniesanders.com/people-before-polluters/accelerate-a-just-transition-away-from-fossil-fuels/
- Require Medicare to use its bargaining power to negotiate with the prescription drug companies for better prices (a practice that's currently banned by law)
- Not only would negotiation substantially reduce prices seniors and people with disabilities pay for drugs, it could save Medicare between $230 billion to $541 billion over the next decade
- In 1999, Sanders became the 1st Member of Congress to take a busload of Americans across the border into Canada to purchase prescription drugs
- Suspend the government’s authority to destroy packages of imported drugs at the border until new legislation's passed ensuring that Americans can import safe and affordable drugs from Canada
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