I did the math on this... not trying to even factor the impact of the 0% corporate tax rate, capital gains tax reduction, the estate tax cut, or the off-shore penalty; the 1-5-10-15 % tax brackets would put us in a $1.8 Trillion deficit each year.
(And that's just revenue vs. revenue, it would be $500bn more if comparing existing expenditure vs. revenue.)
Doc here: https://docs.google.com/spreadsheets/d/1QxFEEXCAEiujhLvNu7wnNjL-XdGFSDDbqVREZe-zKBc/edit#gid=937502491
Uses the US Census data, as well as a few articles to try and determine the scaling factor for the top-income bracket distribution, which is somewhat hard with Census data.
- Sometimes where you come from, such as a small WV farm, makes you all the more interesting.
- I try to remember that I am always at least partially wrong, that keeps me humble-ish.
- I talk about science, technology, and politics. Typically I will not shy away from areas that folks avoid as the discussion can have value. I have studied finance and management information systems. I apply systems engineering, which I've also studied. I have worked in the government. I now am implementing projects. I will not let you off the hook for misinformation and most often call you out for bias (we all have them, just own up!).
- I have stopped posting to individual circles for most posts. This is because G+ penalizes non-public posts.
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