Filing

Income

Total annual income: wages and other sources
(you can use AGI here)

Healthcare cost

Total annual healthcare spending including co-pays, out-of-pocket expenses, etc.

Current (2019)

Income bracketTax
Lower limitUpper limitRateAmount
$0 - $19,05010%$0
$19,050 - $77,40012%
$77,400 - $165,00022%
$165,000 - $315,00024%
$315,000 - $400,00032%
$400,000 - $600,00035%
$600,000 - 37%
 
 
 
$0.00

Bernie's Proposal

Income bracketTax
Lower limitUpper limitRateAmount
$0 - $19,05010%$0
$19,050 - $77,40012%
$77,400 - $165,00022%
$165,000 - $315,00024%
$315,000 - $400,00032%
$400,000 - $500,00035%
$500,000 - $1,000,00040%
$1,000,000 - $4,000,00045%
$4,000,000 - $20,000,00050%
$20,000,000 - 52%
$0.00
Filing status: Married (Jointly)
Income (AGI)
Standard Deduction$24,400
Taxable Income=
Income (AGI)
Tax on taxable income$0
Annual healthcare spending
Disposable Income=
Effective tax rate=
Filing status: Married (Jointly)
Income (AGI)
Standard Deduction$24,400
Taxable Income=
Income (AGI)
Tax on taxable income$0
M4A 4.0% income-based premium[1]
Disposable Income=
Effective tax rate=
  1. Because of the standard deduction, families of four making less than $29,000 a year would not pay this premium.

– But what about employers, capital gains, alimony, ...etc? ”

The main purpose of this calculator is to illustrate as simply as possible how marginal tax brackets work. If you are looking for more exact calculations, go to this site.

Bernie's tax brackets are extrapolated from preliminary numbers released on his senate.gov website. These may change.

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