Would you pay higher taxes for better government services?
In the US the tax rate on the bottom 78% of earners taxes was less than 7% England has a tax rate for the same income of 11.5% The top 6% (Avg Adjusted Gross income 514,000) paid $840 Billion of...
In the US the tax rate on the bottom 78% of earners taxes was less than 7%
England has a tax rate for the same income of 11.5%
The top 6% (Avg Adjusted Gross income 514,000) paid $840 Billion of the income taxes
The Bottom 49.1% (Earning less than 45k AGI) paid $97 Billion of taxes, but 27.4 Million Households filled for $66.7 Billion in EIC tax credits
If the taxes on the bottom 78 percent were increased 6% to a level similar to England the USA could have universal health care
The US Spends 3.4 Trillion on Healthcare.
Just 5% of Americans Account for 50% of U.S. Health Care Spending. So taking away the top 5% means the US spends about 5,500 per person. More than UK, but with a long term approach we can tackle that.
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Saying no to covering all issues. See above. Total cost down to 1.8T
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Accepting a tax increase
- Doubling the Medicare withholding will provide 500B
- Down to 1.3T
- Reallocate state spending In 2015, state governments across the country spent a combined $605 billion on health care
- Down to 700 Billion
- Increase taxes 6% across the board, like those of countries that provide healthcare. 600B in Funding
- Down to 100 Billion
- 1/3 of expenses in 2017 was payable for hospital room rentals and 21% was to doctor's office billable hours
- Increase utilization to make hospitals & Doctors more efficient so cost can be cut
- 1% reduction in billable hours and room rates Down 100B
- Adjust pricing based on cost savings
- Repeat
If the US had higher taxes for gas we could have a better Infastructure. Using rough math we in 2017 underfunded the highway dept about $21.5 billion
- 40 Cents per Gallon vs 18.4 cents currently
- 33 Cents vs 17.5 cents for Highway maintenance at fully funded for at least the next 5 years
* 1 Cent vs 0.9 cents Gas Safety and storage. Round it up to a full penny better saftey funds for better clean up
* 4 cents a new Green energy tax for Green projects - 2 Cent New Metro Projects tax
$5.5 Billion annual funding for projects, plus using funding not going to covering the underfunded highway dept means who doesn't want to announce a 10 year $250 Billion Green Deal Project. Get States to match it 40/60 and its a $600 Billion Project
$96 a person more and With this Major Cities can tackle major projects and Rural cities can apply for the Metro Funding. $1.5 Billion each state gets on average can be applied however but that's encouraging moving to a Green plan.
The U.S. combined gas tax rate (State + Federal) is According to data from the OECD, is the second lowest (Mexico is the only country without a gas tax).
The average gas tax rate among the 34 advanced economies is $2.62 per gallon. In fact, the U.S.’s gas tax a rate less than half of that of the next highest country, Canada, which has a rate of $1.25 per gallon.
We want to have the European advanced economy of our peers but we arent wanting to pay for it