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Sander's "High" tax policies don't add up in America's tax policy history.

Updated on February 18, 2016

Intro

We will explore 100 years of history of all the statistics that the national media talks about, but the difference is this will show things that even they don't show. We will have all the details needed to explain why our national debt has gone up to $19 trillion in my opinion. It seem obvious after looking at the details of the past century but for some odd reason I don't see articles with that much detail. Enjoy and let the debate begin!

- WARNING -

All information next is very numerical, long, detailed and boring, if the reader would like to skip to the explanation of why Bernie Sander's taxes are not to "high" skip to the end and read that.

Why do Americans pay so much in taxes?

There are very certain programs people try to say are not doable, but some would argue that. We see many countries all over the world have universal health care, and some with free public college. People always fear monger about taxes, but that is especially true in America. Let’s start off with America and their tax system, what we see is something you would expect. People in America based on a Gallup poll in April 2015 say 51% of Americans believe their income tax rate is already too high. Now the strange thing is, how?

Well according to the historic records from the tax foundation that show the income tax has gone DOWN since 1993. Now the median income is $51,939, so that is the tax bracket we will use as an example.To make this a little faster we will go by a 5 year rate. (All information next is from U.S Bureau of the Census, median household income for 2015 will be released in September 2016)

-In 2015 a married joint filing family making between $9,225 to $74,900 will be taxed at 15%. Now the lowest rate is 10% and that is for a married joint filer making between $0 to $18,450. Now for the median income earner that is $7.790.85 for that family in their income taxes.

-In 2010 the median household income was $53,507 (People made $1,568 less). In 2010 a married joint filing family making between $16,750 to $68,000 would be taxed at 15%. The lowest was 10% to people making between $0 to $16,750. The median family would be paying $8,026.05 in taxes in 2010 which attributes to less money being earned.

-In 2005 the median household income was $56,160 ($4,221 more then 2015). In 2005 a married joint filing family making between 14,600 to 59,400 would be paying 15%. While the lowest income tax rate was 10% for people earning between $0 to $14,600. This means the average median family in 2005 was paying $8, 424.

-In 2000 the median family income was $57, 724. In 2000 a married joint filer between $43,850 to $105,950 would be taxed at 28%. The lowest income between $0 to $43,850 would pay 15%. That means the median earner family would be paying $16,162.72 The medium household income for 1995 was $52,604.

-In 1995 a married joint filer between $39,000 to $94,250 would be taxed at 28%. The lowest income between $0 to $39,000 would be taxed at 15%. That means the average American household would be paying $14,729.12.

Confused yet? Good, this will sum it up for you.

  • 2015 Median income earner made $51,939 taxed at 15% = $7,790.85
  • 2010 Median Household Income was $53,507 taxed at 15% = $8,026.05
  • 2005 Median Household Income was $56,160 taxed at 15% = $8,424
  • 2000 Median Household Income was $57,724 taxed at 28% = $16,162.72
  • 1995 Median Household Income was $52,604 taxed at 28% = $14,729.12

So why does America complain about their income taxes so much?

Social Security and Medicare you may ask?

Social Security and Medicare have different tax policies and they are handled very differently, yet they are always show as a combined tax percentage. If you are a employed by a company you pay a tax of 7.65%, but if you're self employed you pay a tax of 15.30% which is double the employed status. The tax ranges don't shift much for the circumstances. But the median tax for Americans for social security is 6.2% and the median tax on medicare is 1.45%

Now the biggest difference between social security and medicare is the fact that social security has a taxable limit. Now to put that into normal people words; the first $118,500 is taxed at either 7.65% if you employed, or 15.30% if self employed. But here is the catch, if you make $100,000,000 (100 Million) per year, you only pay taxes on the first $118,500 then after that it does not get taxed. SS - Social Security / MC - Medicare

  • Employee SS Tax, 2015 Median Income - $51,939 taxed at 6.25% = $3,246 tax payed = Total $48,693
  • Employee SS Tax, Millionaire tax - $118,500 - $100,000,000 = $99,881,500 (Untaxed) = $118,500 taxed at 6.25% = $7,406 tax payed = Total $99,992,594
  • Self Employed SS Tax, 2015 Median Income - $51,939 taxed at 13.85% = $7,193 tax payed = Total $44,746
  • Self Employed SS Tax, Millionaire tax - $100,000,000 = $99,881,500 (Untaxed) = $118,500 taxed at 13.85% = $16,412 = Total $99,983,588
  • MC Tax, 2015 Median income - $51,939 taxed at 1.45% = $753 tax payed = Total $51,186
  • MC Tax, Millionaire tax - $100,000,000 taxed at 1.45% = $1,450,000


The cap on social security can directly be accounted for why it is becoming such a burden. As you see in the example above how devastating that cap is for the SS Budget.

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How did America get so much debt?

Did you see what happen during all those tables with our National debt? Do you remember the first section on campaign finance? Here we will go over what each president did more specifically with budgets and their tax plans. A break might be needed because you need to be ready for a whole bunch of information and tables below.

(Total government spending during 1917 to 2013 Table shows each President spending, and Federal Deficit,What is needed to be understood with this graph is that + deficit means that it is over budget. - means that the Government spent under the Budget.

- We start in 1917 with Woodrow Wilson as the United States President. America entered World War 1 which made our debt rise for that time. His budget at looked like this 28% Defense, 17% Education, 55% Remainder, Pensions $11 Million – Health Care $170 Million – Education $941.0 Million – Defense - $1.608 Billion – Welfare $83 Million. The population of the country was only at 107 Million. Top 5 Tax Brackets are

  • $2,000,000 Plus taxed at 67%
  • 1.5 Million to 2 Million taxed at 66%
  • $1 Million to $1.5 Million taxed at 65%
  • $750,000 to $1 Million taxed at 59%
  • $500,000 to $750,000 taxed at 54%
  • 21 Tax Brackets Total

The budget and taxes he used had a Federal Deficit over $1.086 Billion. The complete national debt 1917 was negative $12.09 Billion. The top 1% share of the total income was 17%.

- 1922 was a tie of one of the worst rated presidents ever, Warren G. Harding. His budget looked like this 18% Education, 14% Defense, 68% Remainder, Pensions $36 Million, Health Care $352 Million, Education $1.713 Billion, Defense $1.303 Billion, Welfare $174 Million. The population at the time was 110 Million people. He cut taxes for everyone, the top 5 income brackets were

  • $200,000 Plus taxed at 58%
  • $150,000 to $200,000 taxed at 57%
  • $100,000 to $150,000 taxed at 56%
  • $98,000 to $100,000 taxed at 55%
  • $96,000 to $98,000 taxed at 54%
  • 49 Tax Brackets Total

The Federal Deficit under him was over 498 Million dollars; but remember that the National Debt rose because of WW1 also. The National Debt grew to negative $21.58 Billion dollars. The top 1% share of total income in 1922 was 16%.

- 1925 had Calvin Coolidge who helped the recovery from the debt very well. His budget plan in 1925 was 19% Education, 12% Defense, 69% Remainder, Pensions $51 Million, Health Care $394.6 Million, Education $2.014 Billion, Defense $1.228 Billion, Welfare $200.6 Million. The population was 115.8 Billion. He cut taxes even more, one of, if not the lowest in history. The top 5 tax brackets were

  • $100,000 Plus taxed at 25%
  • $80,000 to $100,000 taxed at 24%
  • $70,000 to $80,000 taxed at 23%
  • $64,000 to $70,000 taxed at 22%
  • $60,000 to $64,000 taxed at 21%
  • 23 Tax Brackets Total

The Federal Deficit under this plan was under 425 Million. The National debt grew to negative $33.26 Billion dollars.

- By 1932 we had Herbert Hoover into the 3rd year of the great depression. His budget was 19% Education, 13% Defense – 68% Remainder, Pensions $103 Million, Health Care $583 Million, Education $2.325 Billion, Defense $1.672 Billion, Welfare $490 Million. Population with 124.8 Million. He raised taxed and had many brackets, the top 5 tax brackets were

  • $1 Million Plus taxed at 63%
  • $750,000 to $1 Million taxed at 62%
  • $500,000 to $750,000 taxed at 61%
  • $400,000 to $500,000 taxed at 60%
  • $300,000 to $400,000 taxed at 59%
  • 56 Tax Brackets Total

The Federal Deficit in 1932 was over $1.63 Billion, also with fighting the Great Depression still. The national debt was at negative $38.69 Billion. The top share of the total income in 1932 was 15%.

- 1936 was the 3rd year for Franklin D. Roosevelt. His budget was 14% Education, 16% Defense,70% Remainder Pensions $157 Million, Health Care $592 Million, Education $2.365 Billion, Defense $2.653 Billion, Welfare $1.111 Billion. The population was 128.1 Million. His taxed increased from 1932, the top 5 tax brackets were

  • $5 Million Plus Taxed at 79%
  • $2 Million to $5 Million taxed at 78%
  • $1 Million to $2 Million taxed at 77%
  • $750,000 to $1 Million taxed at 76%
  • $500,000 to $750,000 taxed at 74%
  • 31 Tax Brackets Total

The Federal Deficit was a whopping over 3.99 Billion. The national debt turned into negative $53.25 Billion dollars. The top share of the total income was 16%

- In 1942, America entered World War 2, Franklin D. Roosevelt who was one of our greatest leaders was still president. After FDR they lowered the term limits. He had to lower the budget because the draft happen.The budget looked like this 59% Defense, 41% Remainder, Pensions $384 Million, Health Care $714 Million, Education $2.696 Billion, Defense $27.081 Billion, Welfare $2.364 Billion.The population at the time was 134.9 Million (counts men at war). Taxes had to be raised from how much we needed to boost the economy and get ready for WW2 . The top 3 tax brackets were

  • $200,000 Plus taxed at 88%
  • $150,000 to $200,000 taxed at 87%
  • $100,000 to $150,000 taxed at 85%
  • 23 Tax Brackets Total

The Federal Deficit was a over $20.92 Billion, showing how much we invested in the World War.The National debt grew to negative $98.54 Billion as a result of WW2. The top 1% of total income in 1942 was 13%.

- 1952 was the Second year of the Korean War, and Harry S. Truman was the President. Taxes stayed the same as a decade earlier, as we see the first result of not raising the taxes after the war. The budget during Truman's presidency was 10% Education, 52% Defense, 39% Remainder, Pensions $2.897 Billion, Health Care $3.199 Billion, Education $9.598 Billion, Defense $51.688 Billion, Welfare $4.92 Billion. Population at the time was 157.6 Million. The tax brackets for the majority stayed the same, but taxes went up; the top 3 tax brackets were

  • $200,000 Plus taxed at 92%
  • $150,000 to $200,000 taxed at 91%
  • $100,000 to $150,000 taxed at 90%
  • 24 Tax Brackets Total

The Federal Deficit was a over $5.4 Billion, with fighting a new war and cutting into the debt created from WW2 it was a good sign. The National debt ballooned from the war and low taxes to negative $289.40 Billion. The top 1% share of total income in 1952 was 10%.

- As 1958 came, America was now in the Lebanon Crisis with Dwight D. Eisenhower as the President. He ran a pretty good budget that had a net gain(his taxed were the 91% ones that you ever so hear about,, Education 12%, Defense 38%, Remainder 42%, Pension 7%, Pensions $9.994 Bill, Health Care $4.568 Billion, Education $16.836 Billion, Defense $51.753 Billion, Welfare $7.982 Billion. The population was 174.9 Million people. The dreaded 91% tax was during this time, but for good measure from the debt from the war. The top 3 tax brackets were

  • $400,000 Plus taxed at 91%
  • $300,000 to $400,000 taxed at 90%
  • $200,000 to $300,000 taxed at 89%
  • 22 Tax Brackets Total

The Federal Deficit in 1958 was over $5.92 Billion.The National Debt grew slower to negative $337.85 Billion.The top 1% of total income in 1958 was 9%.

- 1964 was when America got involved with the Simba Rebellion and Lyndon B. Johnson. The budget looked like this 14% Education, Defense 35%, Remainder 43%, Pension 8%, Pensions $16.008 Billion, Health Care $6.698 Billion, Education $27.237 Billion, Defense $65.378 Billion, Welfare $12.809 Billion. The population at the time was 191.9 Million. Taxes did fall under President Johnson but no where near where we are today, the top 3 tax brackets are

  • $400,000 Plus taxed at 77%
  • $200,000, $400,000 taxed at 76.5%
  • $180,000 to $200,000 taxed at 75%
  • 25 Tax Brackets Total

The Federal Deficit was over $5.92 Billion. The national debt at the time grew to negative $408.28 Billion. The top 1% share of the total income in 1942 was 8%

-1965 and Lyndon B. Johnson was still the President, but now America is involved in the Dominican Civil War. Taxes and the budget only changed a little bit, Education 15%, Defense 32%, Remainder 44%, Pensions $17.146 Billion, Health Care $7.151 Billion, Education $29.816 Billion, Defense $61.698 Billion, $12, 191 Billion. The taxes would stay mostly the same until 1982, the top 3 tax brackets ooked like this,

  • $200,000 Plus taxed at 70%
  • $180,000 to $200,000 taxed at 69%
  • $160,000 to $180,000 taxed at 68%
  • 25 Tax Brackets Total

The Federal Deficit still was only over by $1.41 Billion, which is small in comparison with some years. The National debt only grew minimally during this tax plan and budget to negative $421.83 Billion. The top 1% share of the total income during 1965 was 8%.

-1982 a time when the great Ronald Reagan was in the Multinational Force in Lebanon. It was the first major tax cuts, a massive time in America history. The budget looked like this, Education 14%, Defense 19%, Pensions 16%, Welfare 10%, Health 10%, Remainder 31%, Pensions $193,802 Billion, Health Care $114,893 Billion, Education $168,004 Billion, Defense $221,547 Billion, Welfare $120,800 Billion. The population grew to 231.7 Million. The massive tax cuts where the only first from Reagan, the top 3 tax brackets were

  • $85,600 Plus taxed at 50%
  • $60,000 to $85,600 taxed at 49%
  • $45,800 to $60,000 taxed at 44%
  • 13 Tax Brackets Total

The Federal Deficit under Reagan over 127.98 Billion. The National debt grew to negative $1.54 Trillion. The top 1% share of total income in 1982 was 9%.

-1987 and Ronald Reagan as the President, America is now in the Tanker War. The taxes got lowered and smaller bracket wise again. The budget didn't change to much though, Education 14%, Defense 19%, Pension 15%, Welfare 8%, Health 10%, Remainder 32%, Pensions $255.8 Billion, Health Care $172.1 Billion, Education $239.4 Billion, Defense $320.4 Billion, Welfare $139.7 Billion. The population grew to 242.3 Million. The second of third tax cuts happened this year, the 3 top tax brackets were

  • $90,000 Plus taxed at 38.5%
  • $45,000 to $90,000 taxed at 35%
  • $28,000 to $45,000 taxed at 28%
  • 5 Tax Brackets Total

The Federal Deficit grew even more to over $149 Billion. The National debt almost doubled to negative $3.06 Trillion. The 1% share of the total income was 12%.

-1989 was when America was involved in the Invasion of Panama, Ronald Reagan started and George H. W. Bush finished the year. This was the biggest tax cut in the 94 years, it was cut two very low tax bracket. The budget still stayed near the same at Education 15%, Defense 18%, Pension 15%, Health 10%, Welfare, 8%, Remainder 34%, Pensions $288.3 Billion, Health Care $196.3 Billion, Education $282 Billion, Defense $343.1 Billion, Welfare $148.9 Billion. The population only was 246.8 Million. The two tax brackets looked like this

  • $30,950 Plus taxed at 28%
  • $0 to $30,950 taxed at 15%
  • 2 Tax Brackets Total

The Federal Deficit was over $152.64 Billion. The National debt grew to negative $3.67 Trillion. The top 1% share of total income in 1989 was 13%.

-1991 George H. W. Bush an America were involved in the Gulf War. There was still only 3 tax brackets, not much changed from the Reagan tax cuts. The budget did change though to, Education 15%, Defense 14%, Health 11%, Welfare 9%, Pension 15%, Remainder 36%, Pensions $336 Billion, Health Care $250.3 Billion, Education $328.8 Billion, Defense $320.4 Billion, Welfare $198.4 Billion. The population grew to 253 Million. The three tax brackets were

  • $82,150 Plus taxed at 31%
  • $34,000 to $82,150 taxed at 28%
  • $0 to $34,000 taxed 15%
  • 3 Tax Brackets Total

The Federal Deficit was over $269.224 Billion. The National debt grew to negative $4.51 Trillion. The top 1% share of total income in 1991 was 13%.

-In 1993 George H. W. Bush started the year and Bill Clinton finished the year. The tax law changed some but still not like before Reagan. The budget changed only a bit, Education 15%, Defense 14%, Pension 16%, Health 14%, Welfare 9%, Remainder 31%, Pensions $395 Billion, Health Care $342.2 Billion, Education $375.2 Billion, $344.1 Billion, Welfare $216.6 Billion. The population only was at 259.9 Million now. This was the highest taxes will be until Obama, the top 3 tax brackets

  • $250,000 Plus taxed at 39.6%
  • $140,000 to $250,000 taxed at 36%
  • $89,150 to $140,000 taxed at 31%
  • 5 Tax Brackets Total

The Federal Deficit was over 255.06 Billion, that might not sound great but as you see the national debt went down. The National debt was now negative $4.35 Trillion. The share of total income in 199 was 13%.

No major changes in the policies happened over the next decade.

2003 America was involved in the Iraq War, Afghanistan war and George W. Bush was President. The taxes yet again went down, as we were involved in two wars. The budget looked like this Education 17%, Health 17%, Pension 17%, Defense 12%, Welfare 9%, Remainder 28%, Pensions $656 Billion, Health Care $663.2 Billion, Education $678.2 Billion, Defense $483.9 Billion, Welfare $334.9 Billion. The population grew to 290.1 Million people. The top 3 tax brackets were

  • $311,950 Plus taxed at 35%
  • $174,700 to $311,950 taxed at 33%
  • $114,650 to $174,7000 taxed at 28%
  • 6 Tax Brackets Total

The Federal Deficit was over $377.59 Billion. The National debt grew to negative $6.76 Trillion. The top 1% share of the total income went up to 16%.

No major changes during the next 6 years other then the Great Recession.

- 2009 started with George W. Bush and finished with Barack Obama, at this point America was involved Iraq War, Afghanistan War, War in North - West Pakistan. The taxes went up a smudge to 6 brackets total. The budget stayed pretty close to 2003, Education 15%, Defense 13%, Welfare 9%, Pensions 16%, Health 17%, Remainder 30%, Pensions $942.8 Billion, Health Care $1.043 Billion, Education $883.8 Billion, Defense $794.9, Welfare $525.9. The population grew in those six years to 306.8 Million. Tho top 3 tax brackets were

  • $372,950 taxed at 35%
  • $208,850 to $372,950 taxed at 33%
  • $137,050 to $208,850 taxed at 28%
  • 6 Tax Brackets Total

The Federal Deficit was a massive $1.4 Trillion over, a lot had to do with the bailout. The National debt more than doubled in that time to negative $14.59 Trillion. The top 1% share of the total income was 17%.

-2013 Barack Obama has been in office 5 years, we ended the Iraq War, but America was involved in Afghanistan War, and the War in North - West Pakistan. The taxes are now the highest they have been since 1993 (still not high compared to that 94 years). The budget changed to this, Education 15%, Defense 13%, Health 20%, Pensions 18%, Welfare 9%, Remainder 24%, Pensions $1.130 Billion, Health Care $1.237 Billion, Education $915.2 Billion, Defense $819.6 Billion, Welfare $518.3 Billion. The population grew to 316.5 Million. The top 3 tax brackets were

  • $450,000 Plus taxed at 39.6%
  • $398,350 to $450,000 taxed at 35%
  • $223,050 to $398,350 taxed at 33%
  • 7 Tax Brackets total

The Federal Deficit shrunk to $679.55 Billion over. The National debt grew to negative 19.67 Trillion. It is important to state this also was affected by the bail outs. The top 1% share of the total income is 19.3%.


Underneath this are the three graphs to hopefully make it a little easier to see a summery of the taxes, Federal Spending, Federal Deficit, and the creation of a Wealth Gap.

Tax Plans from 1917 to 2013

Year/ President
Highest Tax Bracket
2nd Highest Tax Bracket/ Total Brackets
1917 / Woodrow Wilson
$2 Million Plus taxed at 67%
$1.5 Million to $2 Million taxed at 65%, 21 total
1922 / Warren G. Harding
$200,000 Plus taxed at 58%
$150,000 to $200,000 taxed at 57%, 49 total
1925 / Calvin Coolidge
$100,000 Plus taxed at 25%
$80,000 to $100,000 taxed at 24%, 23 total
1932 / Herbert Hoover
$1 Million Plus taxed at 63%
$750,000 to $1 Million taxed at 62%, 56 total
1936 / Franklin D. Roosevelt
$5 Million Plus taxed at 79%
$2 Million to $5 Million taxed at 78%, 31 total
1942 / Franklin D. Roosevelt
$200,000 Plus taxed at 88%
$150,000 to $200,000 taxed at 87%, 23 total
1952 / Harry S. Truman
$200,000 Plus taxed at 92%
$150,000 to $200,000 taxed at 91%, 24 total
1958 / Dwight D. Eisenhower
$400,000 Plus taxed at 91%
$300,000 to$400,000 taxed at 90%, 22 total
1964 / Lyndon B. Johnson
$400,000 Plus taxed at 77%
$180,000 to $200,000 taxed at 75%, 26 total
1965 / Lyndon B. Johnson
$200,000 Plus taxed at 70%
$180,000 to $200,000 taxed at 69%, 25 total
1982 / Ronald Reagan
$85,600 Plus taxed at 50%
$60,000 to $85,600 taxed at 49%, 13 total
1987 / Ronald Reagan
$90,000 Plus taxed at 35.5%
$45,000 to $90,000 taxed at 35%. 5 total
1989 / Ronald Reagan, George H. W. Bush
$30,950 Plus taxed at 28%
$0 to $30,950 taxed at 15%, 2 total
1991 / George H. W. Bush
$82,150 Plus taxed at 31%
$34,000 to $82,150 taxed at 28%, 3 total
1993 / George H. W. Bush, Bill Clinton
$250,000 Plus taxed at 39.6%
$140,000 to $250,000 taxed at 35%, 5 total
2003 / George W. Bush
$ 311,950 Plus taxed at 35%
$ 174,700 to $311,950 taxed at 28%, 6 total
2009 / George W. Bush, Barack Obama
$372,950 Plus taxed at 35%
$208,850 to $372,950 taxed at 33%, 6 total
2013 / Barack Obama
$450,000 taxed at 39.6%
$398,350 to $450,000 taxed at 35%, 7 total
All tax brackets are from the married joint filer. All Info is from http://www.scribd.com/doc/190499803/Fed-U-S-Federal-Individual-Income-Tax-Rates-History-1862-2013

Total government spending during 1917 to 2013

(click column header to sort results)
Year / President  
Total Spending during year  
Total Deficit during year  
1917, Woodrow Wilson
$5.6 Billion
+$1.086 Billion
1922, Warren G. Harding
$9.23 Billion
-$498 Million
1925, Calvin Coolidge
$10.37 Billion
-$425 Million
1932, Herbert Hoover
$12.44 Billion
+$1.63 Billion
1936, Franklin D. Roosevelt
$16.76 Billion
+$3.99 Billion
1942, Franklin D. Roosevelt
$45.58 Billion
+$35.55 Billion
1952, Harry S. Trumen
$99.9 Billion
+$5.4 Billion
1958, Dwight D. Eisenhower
$134.73 Billion
+$6.42 Billion
1964, Lyndon B. Johnson
$189.11 Billion
+$5.92 Billion
1965, Lyndon B. Johnson
$193.89 Billion
+$1.41 Billion
1982, Ronald Reagan
$1.18 Trillion
+$127.98 Billion
1987, Ronald Reagan
$1.66 Trillion
+$149 Billion
1989, Ronald Reagan / George H. W. Bush
$1.9 Trillion
+$152.64 Billion
1991, George H. W.. Bush
$2.2 Trillion
+$269.24 Billion
1993, George H. W. Bush/ Bill Clinton
$2.4 Trillion
+$255.06 Billion
2003, George W. Bush
$3.9 Trillion
+$377.59 Billion
2009, George W. Bush / Barack Obama
$6 Trillion
+$1.412 Trillion
2013, Barack Obama
$6.1 Trillion
+$679.55 Billion
What is needed to be understood with this graph is that + deficit means that it is over budget. - means that the Government spent under the Budget.

Wealth Gap

Year / President
Top 1% share of Total Income
1917 / Woodrow Wilson
17%
1922 / Warren G. Harding
16%
1925 / Calvin Coolidge
18%
1932 / Herbert Hoover
15%
1936 / Franklin D. Roosevelt
16%
1942 / Franklin D. Roosevelt
13%
1952 / Harry S. Truman
10%
1958 / Dwight D. Eisenhower
9%
1964 / Lyndon B. Johnson
8%
1965 / Lyndon B. Johnson
8%
1982 / Ronald Reagan
9%
1987 / Ronald Reagan
12%
1989 / Ronald Reagan, George H. W. Bush
13%
1991 / George H. W. Bush
13%
1993 / George H. W. Bush, Bill Clinton
13%
2003 / George W. Bush
16%
2009 / George W. Bush, Barack Obama
17%
2013 / Barack Obama
19.3%
1917 to 2009 information from - http://ourworldindata.org/data/growth-and-distribution-of-prosperity/income-inequality/ 2013 information from - http://www.epi.org/blog/top-1-percent-receive-record-high-share-2/

Common Sense Policies

Bernie Sander's policies sound a little outlandish, for today's America. But in reality everything he is talking about could be as Pre - Reagan Presidency. History shows that America usually had pretty high taxes, from 1917 to 1981 we were around 70% average for the highest taxed bracket; but today it is 39.6%. America today is the richest country in the history of the world, yet we have a outstanding National Debt and almost always a negative Federal Budget. America has a spending problem, but a spending problem because the policies are usually outdated. Bernie Sander's policies could be a stepping stone towards a Pre - Reagan country where growth and prosperous middle class.

1st.

Proposal

Paid Family and Medical Leave : Senator Sanders has proposed at least 12 weeks of paid family leave and medical leave to all works.

Payment of Proposal

Paid for by a payroll tax that would total $1.61 a week for the typical worker. According to Sen. Gillbrand's office, this would be "a self-sufficient program that would not add to the federal budget."

For one dollar and sixty one cents off a week from everybody who works paychecks in the country we could have 12 weeks of paid leave for family, and medical reasons.

2nd.

Proposal

Expand and Extend Social Security: Senator Sanders has proposed expanding the Social Security and extending the solvency of this program until 2065.

Payment of Proposal

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.

3rd

Proposal

Youth Jobs Program : Senator Sanders has proposed a $5.5 billion youth jobs program to create 1 million jobs for disadvantaged young Americans.

Payment of Proposal

Paid for by ending the carried interest loophole that allows billionaire hedge fund managers to pay a lower tax rate then nurses and truck drivers.

4th

Proposal

Renewable Energy and Clean Jobs Transition : Senator Sanders has a plan to invest in clean sustainable energy sources powered by the sun, win 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.

Payment of Proposal

Paid for by stopping taxpayer - funded giveaways to oil, gas, and coal companies.

5th

Proposal

Rebuild America Act : Senator Sanders has proposed a $1 trillion plan to rebuild our crumbling infrastructure and put 13 million Americans to work.

Payment of Proposal

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.

6th

Proposal

College for All : Senator 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.

Payment of Proposal

Paid for by imposing a tax on Wall Street speculators that would generate about $300 billion in revenue.

7th

Proposal

Protect Pensions : Sen. Sanders has introduced a plan to prevent cuts to the pensions of over 1.5 million Americans.

Payment of Proposals

Paid for by closing two tax loopholes that allow the wealthy to avoid taxes on money they inherit and expensive artwork they collect.

8th

Proposal

Medicare for All

Payment of Proposal

Paid for by a 6.2 percent income-based health care premium paid by employers, a 2.2 percent 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.

Now hopefully reading them make you realize unless you're wealthy chances are you don't fall into majority of these.

Poll Time

Do you agree with those Proposals

See results

What Bernie Sander's taxes would look like

The tax plan under Bernie Sanders would only add onto what we have today, since when you look at history or tax plan is very small. Sanders is proposing that America establishes four new tax brackets, which all four would be the new top rates. The new brackets would be 37%, 43%, 48%, 52% which would be the highest since 1982 during Reagan's first tax cuts. Sanders would only be raising the rates of the other brackets by 2.2%. Bernie Sander's taxes are in no way "high" or "undo-able" in the text of looking at taxes of the past century.

Income tax for capital gains and dividends is another new tax. The only people under that tax plan who would be taxed is households with incomes over $250,000, with those capital gains and dividends being taxed at ordinary income rates. The estate tax would lower the estate tax exclusion to $3.5 Million and increases the top estate tax rate to 65%.

So in reality his tax proposals effect only the people in the 21% of the country with incomes. The vast majority (79%) of Americans would benefit from the above policies. With the result in that they should be common sense policies but yet are being contested by almost every other candidate as "undo-able".

Conclusion

In all of the above it breaks down 94 years of America's Presidents with different tax, budget, and ware that the country was involved in. The trends of the country speak for themselves as the results are staggering. The biggest common trend was that every time taxes are lowered, the total share of income goes up for the 1%; but also that the National Debt goes up to.

The biggest reason I decided to take the time to make this piece with so much information and detail is to show, with evidence why Bernie Sander's tax policies only effect a minority of the country. This is not to be a persuasive piece or change opinion on Bernie Sanders. It is to explain the difference in how our America has operated and accumulated so much debt. There is a correlation with lower taxes and bigger National Debt.


© 2016 V B JR

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    • profile image

      Tim gibson 

      2 years ago

      BERNIE SANDERS should e-mail this to every American!

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