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I didn’t realize how crazy a number this is until I did some math. Sanders proposed to fund it through taxes on Wall Street. Maybe that’s a good plan, but let
by jmpman 7y ago
I didn’t realize how crazy a number this is until I did some math. Sanders proposed to fund it through taxes on Wall Street. Maybe that’s a good plan, but let’s see what it would mean if we funded it as a tax on each H1B. Currently there are 350,000 H1B. Let’s say that their spouses work as well, so we are up to 700,000 jobs (yes, I know the rules have changed recently) Let’s then say that we want to pay off the $1.6T just by taxing those jobs over the next 10 years. That comes out to $228k per H1B per year for the next 10 years. So, taxing H1B alone isn’t going to do it. What about raising the estate tax for the next 10 years?
- what_is_this 7y agoSome of the taxes on Wall Street included stuff like a 1% tax on bonds, 0.05% tax on derivatives Pretty sure Sanders is also in favor of higher estate taxes. Even Clinton was