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.
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.
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