This Chart Shows What Your Paycheck Will Look Like Under Bernie Sanders’ Tax Plan...

Juliegrace Brufke
Daily Caller
April 18, 2016

Democratic 2016 presidential hopeful Bernie Sanders‘ tax plan has been talked about by everyone in the country, but as he gains traction in the polls it’s time to start wondering: “What would it mean for my paycheck?”

While the self-described Democratic socialist said his economic proposals would provide free college, Medicare for all and a slew of other new welfare programs, the cost of the expansion of government is far steeper than he is letting on.

Sanders, who has said moving people out of poverty is critical for the success of the country, would tax Americans from top to bottom to carry out his plan. Indeed, with Sanders in the White House, every income bracket – including the lowest bracket – would lose at least 7 percent off what they take home.

Scott Greenberg, an analyst at the Tax Foundation, a nonpartisan Washington, D.C.-based think tank, took a look, focusing on a hypothetical single filer with no children using the standard deduction. In the bottom 10 percent of earners, an American making $18,870 a year would see a $45 drop – or, 7.3 percent reduction – bringing their paycheck from from $616 down to $571 every other week.

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