3 chapters across the catalog
Elizabeth Warren Healthcare Plan and Middle Class Definition
Elizabeth Warren released a $52 trillion plan to fund Medicare for All, claiming she would not raise taxes on the middle class. The proposal faces criticism regarding the lack of a concrete economic definition for "middle class" and the historical impact of bracket creep, where inflation pushes taxpayers into higher brackets without an increase in real wealth.
Alternative Minimum Tax History, CBO Projections
The history of the Alternative Minimum Tax (AMT) is traced back to 1970 when Treasury Secretary Joseph Barr discovered 155 high-income households paid zero taxes. Current CBO projections suggest the Buffett Rule would only generate $47 billion over ten years, a fraction of the overall deficit.
A listener inquiry explores the legality of paying employees in gold coins to lower their reported income for tax purposes. While a $50 gold coin is technically legal tender for its face value, the IRS requires taxes to be paid based on the fair market value of the asset. The hosts conclude that the government would not allow such a loophole to function in practice.
