This post has been edited to correct an overestimation of taxes under Bernie’s Social Security tax plan. A detailed log of changes is available on Github (04/21/2016)
There are a lot of misleading and false rumors being spread about democratic presidential candidate Senator Bernie Sanders’s tax plans (TODO: link to Mom’s Facebook page for examples). With the recent release of his final tax plan, Medicare for All, Bernie has now described in detail precisely how each of his programs would be paid for. With this information, I have completed a comprehensive analysis of the impact that Bernie’s plans would have in the incomes of American families. The result is that more than 70% of families would save significant amounts of money under Bernie’s plans. The greatest savings would be for a family with an annual income of $34,000 or 140% of the Federal Poverty Level. This family would have $8,933 more in their pockets each year. The median family, with an income of $66,633, would save $7,729 per year.