Everyone is covered. Everyone pays in, by income. Enter yours and see what changes, with every assumption shown.
a year, from no change in your pay to the full employer saving reaching it.
| Line | $ a year |
|---|
The cap on itemized deductions and the taxation of capital gains at death are not modeled. They fall almost entirely on households above about $250,000 that itemize or hold appreciated assets, and would make the result for those households worse than shown. The wealth tax applies above $50 million of net worth and is not modeled.
The employer line assumes your employer's payroll is above the first $2 million, where the 7.5% contribution applies. Workers at very small employers would see the full premium saving with no offset.
The rent guarantee is modeled on HUD's national fair market rent for a modest home; your area's figure is higher or lower, and the guarantee covers households up to about 80% of area median income. Owners are not modeled; the Floor's owner backstop is a property-tax circuit breaker for severely burdened owners below median income.
Prices: the package assumes supply programs hold rents and food prices roughly steady. If they don't, the real value of the guarantees falls. Nothing here is a forecast of your taxes; it is one design, applied to one household, with its sources open.