NETWORK Tax Justice Calculator

BYOB: Build Your Own Budget with NETWORK

Tax Policies			Spending Policies
Tax Unrealized Capital Gains $2 Trillion			Ensure Affordable Housing for Everyone $200 billion
Tax the increase in value of held assets (like stocks) on a yearly basis in the same way that income from labor is taxed. In addition to generating tax revenue annually, this would also close the "stepped-up basis" loophole in inheritances that allows inheritors to re-establish the base value of an asset at the time of inheritance and never pay taxes on the capital gains generated during the life of the prior owner.			Through Housing Choice Vouchers, expanded public housing, and fully funding the Housing Trust Fund, ensure every person has access to safe and decent housing. Currently, millions of households that qualify for Housing Choice Vouchers are on wait lists, facing housing insecurity, cost pressures, and even homelessness.
Increase Corporate Tax Rate $892 billion			Improve Transit Infrastructure $350 billion
Bring back half of the corporate tax cut included in the Tax Cuts and Jobs Act of 2017, increasing the rate from 21% to 28%. This is still less than what corporations in most peer nations pay in terms of corporate taxes relative to GDP. (This is a partial rollback of part of the 2017 Republican Tax Cuts and Jobs Act.)			In 2017, the American Society of Civil Engineers gave United States transit infrastructure a grade of D-. An investment of $35 billion a year for 10 years could drastically expand public transit options and provide good jobs.
Ultra-Millionaire Tax $3 trillion			Fully Fund the Affordable Care Act $300 billion
Institutes a 2% annual tax on the wealth/net worth of households between $50 million and $1 billion and a 3% annual tax on wealth of households avobe $1 billion. Taxes the top .05% of U.S. households (about 100,000 households).			Reduce ACA health insurance premiums for 13 million customers so they could get coverage for under 10% of their income; expand tax credits that help families buy insurance and eliminate the income cap on getting assistance.
Enforce Existing Tax Law on the Highest Income Earners $1.2 trillion			Baby Bonds $900 billion
Recent research from the IRS suggests that the top 1% of households fail to report about 21% of their income. Experts estimate that each additional dollar spent in tax enforcement could yield between $5 and $7 in tax income.			Establish protected savings accounts for each child at birth, which recipients cannot access until adulthood. Additional funds will be added each year dependent on the household income level. This is intended to help reduce the vast wealth disparities in our country.
Phase Out "Pass-Through" Deductions for Wealthy Business Owners $143 billion			Targeted Corporate Tax Credits $318 billion
Eliminates 20% income deduction for owners of "pass-through" businesses - sole proprietorships, partnerships, S corporations - with incomes over $400,000 (This is a rollback of part of the 2017 Republican Tax Cuts and Jobs Act.)			Offer tax credits to corporations to support a green economy, domestic manufacturing, and investments in low-income communities.
Limit Deductibility of Interest on Business Debt $225 billion			Family Caregiver Tax Credit $84 billion
Limit deductibility of interest on business debt to 20%. In addition to preventing corporate tax avoidance and generating tax revenue, this discourages businesses from engaging in risky borrowing practices.			Provide a credit of up to $5,000 offered to informal caregivers of individuals with physical and cognitive disabilities.
Impose a Minimum Tax on Global "Book Income" $109 billion			Tax Credit for Low-Income Renters $53 billion
Corporations with over $100 milllion in profits would be required to pay a minimum tax equal to 15% of the income they report to their investors - or the regular tax rate if it's higher. (This is a rollback of part of the 2017 Republican Tax Cuts and Jobs Act.)			Provide subsidies to limit rent and utility expenses to 30% of household income for those with incomes up to 150% of the federal poverty level.
Cap the Value of Itemized Deductions $224 billion			Expand EITC/CTC $124.4 billion
Institute a 28% cap for itemized deductions to eliminate the disparity of the value of deductions for people in different marginal tax brackets.			Expand the eligibility criteria and value of the Earned Income Tax Credit & Child Tax Credit. This would benefit 75 million children.
End Tax Haven Abuse $442 billion			Create National Paid Family and Medical Leave Insurance Program $547 billion
Close tax loopholes that allow corporations to cut or eliminate their U.S. taxes by moving operations, profits, and jobs offshore. (This is a rollback of part of the 2017 Republican Tax Cuts and Jobs Act.)			Provide workers with up to 12 weeks of partial income (66% of their monthly wages, up to a capped amount) when they take time off to deal with an illness or care for a sick family member.
Restore Estate Taxes to 2009 Levels $218 billion			Adequately Fund K-12 Schools $1.5 trillion
Reduce the amount of an estate exempt from estate and generation-skipping transfer taxes to $3.5 million for an individual and $7 million for a couple and restore the tax rate to 45% from the current 40%.			Bring school funding to target levels to provide the resources needed to bring all children up to average test levels.
Institute a Financial Transaction Tax $777 billion			Provide Free Public Childcare $1.2 trillion
Implementing a small sales tax on every financial transaction can raise significant revenue and curb dangerous market speculation.			Provide free quality childcare for all children too young to attend school.
Repeal Depreciation Breaks $1.6 trillion			Increase SNAP Benefits $190 billion
Companies would be required to use "economic" depreciation instead of the accelerated depreciation they're currently allowed to use on capital expenses. (This is a rollback of part of the 2017 Republican Tax Cuts and Jobs Act.)			Provide a one-third increase in SNAP benefits (from $1.40 up to $1.86 per meal).
Tax Stock Buybacks $500 billion			Expand American Opportunity Tax Credit $85 billion
Tax corporate stock buybacks the same way that stock dividends are taxed.			Expand and streamline a tax credit that helps millions of students and working families pay for college.
Increase Top Marginal Tax Rate $112 billion			Provide Affordable Internet $80 billion
Restore top marginal tax rate to 39.6% from 37%. (This is a rollback of part of the 2017 Republican Tax Cuts and Jobs Act.)			Provide low-cost broadband access to every household in the United States.
Tax Income from Investments Like Income from Work $2 trillion			Expand Medicaid $250 billion
Eliminate the disparity in tax rates between capital gains income and income from wages or salary.			Expand Medicaid in the 14 states that have not yet expanded under the provisions in the ACA.
	TOTAL REVENUE	TOTAL SPENDING