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Tax Foundation Analysis Of Sanders Plan Only Shows Downside

Tax Foundation Analysis Of Sanders Plan Only Shows Downside

The problem with the Tax Foundation analysis is that it does not account for the fact that all those businesses and individuals will not be paying for health insurance anymore As I understand the Tax Foundation’s model it is almost as if the over $5 trillion that is raised from the payroll and household tax and the over $3 trillion that is raised because there won’t be deductions and exclusions for health care expenditures is taken from the economy and flushed down the toilet.  According to the Tax Foundation taxpayers are behind by $3 trillion because they are not getting health insurance deductions anymore.  What is not included in the analysis is the gain from not paying health insurance anymore.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.