Understanding Donald Trump and Hillary Clinton's Tax Plans

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by Super User, 3 years ago
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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.

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