Understanding Donald Trump and Hillary Clinton's Tax Plans
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In which John Green compares the tax proposals of Hillary Clinton and Donald Trump, and looks at what the tax system and budget would look like for different families. There's also a brief introduction to federal income tax here in the United States, and some discussion of the candidates' budget proposals. SOURCES: The Tax Policy Center's excellent and detailed analysis of Democrat Hillary Clinton's tax plan: http://www.taxpolicycenter.org/publications/updated-analysis-hillary-clintons-tax-proposals The Tax Policy Center's analysis of Republican Donald Trump's tax plan: http://www.taxpolicycenter.org/publications/analysis-donald-trumps-revised-tax-plan Much of the information in this video came from the Tax Foundation's analysis of Clinton's tax proposals: http://taxfoundation.org/sites/default/files/docs/TaxFoundation-FF496.pdf And of Trump's: http://taxfoundation.org/article/details-and-analysis-donald-trump-tax-reform-plan-september-2016 Lily Batchelder's paper explaining why Trump's tax plan would result in tax increases for 7.8 million households: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2842802 and a politifact story on the same topic: http://www.politifact.com/truth-o-meter/statements/2016/sep/27/hillary-clinton/hillary-clinton-correctly-cites-outside-analyses-t/ Donald Trump's tax plan would boost the debt much more than Clinton's, and would put U.S. debt held by the public over 100% of GDP in the next decade according to the Committee for a Responsible Federal Budget: http://crfb.org/papers/promises-and-price-tags-preliminary-update The CRFB explains Trump's budget cut proposals here: http://crfb.org/blogs/explaining-donald-trumps-penny-plan-non-defense-spending And his plan for increased defense spending here: http://crfb.org/blogs/how-much-would-trumps-new-defense-plan-cost Chart of our publicly held debt to GDP ratio came from here: https://en.wikipedia.org/wiki/National_debt_of_the_United_States The Tax Policy Center has an excellent chart explaining effective tax rates by income size that you'll enjoy if you're into this kind of stuff: http://www.taxpolicycenter.org/statistics/effective-tax-rate-size-income HUGE THANKS to Mark Olsen for graphics, Rosianna Halse Rojas for graphics and fact-checking, and Amanda McCloughlin and Adriene Hill for fact-checking. Any errors are entirely my own. ---- Subscribe to our newsletter! http://nerdfighteria.com/newsletter/ And join the community at http://nerdfighteria.com http://effyeahnerdfighters.com Help transcribe videos - http://nerdfighteria.info John's twitter - http://twitter.com/johngreen John's tumblr - http://fishingboatproceeds.tumblr.com Hank's twitter - http://twitter.com/hankgreen Hank's tumblr - http://edwardspoonhands.tumblr.com
Comments
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You account for "growth" due to investments, but this is far from the only type of growth we'd see with lower (mostly corporate) taxes. The creation of new businesses and business expansions would also increase under such a system, also increasing employment. Likewise, you might see outsourcing or business reductions with higher taxes. Neither of these are accounted for with investment growth.
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So DTrump is right.
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F'k u h-BEAST
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obaMAcare screws us all
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trump saved me 15k
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I've paid less in taxes since my love trump
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trying to not panic post election....
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no point in studying lies
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Explain the 9 trillion dollars in debt President Obama accumulated during his presidency alone? During his Presidency he has accumulated the most debt more than any president before him combined.
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Omg. Really good break down but damn you talk super fast. LOL.
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Bigly
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Seeing this after the election makes me sad.
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thank god i voted 4 trump
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it's funny cause they are both tax evaders
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Hi. Thanks for the great video. Can you talk about the self-employment tax under Trump's plan? I can't find any definite information about this. Right now, self-employed pay income tax+15.3% self employment tax. How will this change under trump's plan? I see some places say that they'll pay a straight-one-time 15%. Is this true?
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Trump and Hillary sitting in a plan
Trump : Should I throw out one 100$ to make people happy?
Hillary : Should I throw out ten 100$ to make people happy?
The Pilot : Should I throw you two out to make 300 million people happy? -
Clinton's plan is so logical. Trump's plan is so utterly idiotic. I don't understand what people were thinking.
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trumps tax plan is Reaganomics just also has a middle and lower class tax cut which is EVEN worse
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projections... another name for polls.
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And let's know forget that Trump will be spends 30 million on a useless southern border wall, no fence
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