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A breakdown of the real-world financial costs and benefits of UBI, by income brackets of $2,500.
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To play with the numbers, tweak the "UBI Benefit (per Person)" and "UBI Tax Rate" values on the right.
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Rasing the UBI Tax Rate reduces the largest income that gets a benefit. (9% means that at ~$50k/year you're getting practically nothing.)
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Note that no taxpayer sees a net tax increase. You either get a benefit or you get nothing, depending on your income.
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https://medium.com/@keredson/the-real-cost-of-universal-basic-income-757b6573e277#.x9u9r1kue
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Earned IncomePeople (K)UBI (per Person)UBI + Earned Income
UBI Tax (per Person)
Net Benefit (per Person)
Total Income (per Person)
People w/ Benefit (K)
Gov Cost ($K)
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$029,517$4,632$4,632$0$4,632$4,63229,517$136,722,744
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$1,25013,688$4,632$5,882$113$4,520$5,77013,688$61,862,916UBI Benefit (per Person)$4,632
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$3,7505,472$4,632$8,382$338$4,295$8,0455,472$23,499,504UBI Tax Rate (capped at benefit)9.00%
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$6,2506,060$4,632$10,882$563$4,070$10,3206,060$24,661,170UBI Cost (Total)$469,196,607,000
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$8,7507,166$4,632$13,382$788$3,845$12,5957,166$27,549,687Current Welfare Cost (*)$469,300,000,000
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$11,2508,710$4,632$15,882$1,013$3,620$14,8708,710$31,525,845Net Taxpayer Cost-$103,393,000
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$13,7505,286$4,632$18,382$1,238$3,395$17,1455,286$17,943,327People Benefiting (K)158,951
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$16,2507,572$4,632$20,882$1,463$3,170$19,4207,572$23,999,454
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$18,7505,157$4,632$23,382$1,688$2,945$21,6955,157$15,184,787
(*) This does NOT include SS, Medicare or Medicaid.
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$21,2508,535$4,632$25,882$1,913$2,720$23,9708,535$23,210,933
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$23,7504,713$4,632$28,382$2,138$2,495$26,2454,713$11,756,579
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$26,2507,849$4,632$30,882$2,363$2,270$28,5207,849$17,813,306
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$28,7504,093$4,632$33,382$2,588$2,045$30,7954,093$8,368,139
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$31,2508,801$4,632$35,882$2,813$1,820$33,0708,801$16,013,420
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$33,7503,252$4,632$38,382$3,038$1,595$35,3453,252$5,185,314
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$36,2506,701$4,632$40,882$3,263$1,370$37,6206,701$9,177,020
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$38,7502,981$4,632$43,382$3,488$1,145$39,8952,981$3,411,755
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$41,2507,125$4,632$45,882$3,713$920$42,1707,125$6,551,438
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$43,7502,428$4,632$48,382$3,938$695$44,4452,428$1,686,246
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$46,2504,947$4,632$50,882$4,163$470$46,7204,947$2,322,617
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$48,7502,564$4,632$53,382$4,388$245$48,9952,564$626,898
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$51,2506,334$4,632$55,882$4,613$20$51,2706,334$123,513
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$53,7501,990$4,632$58,382$4,632$0$53,7500$0
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$56,2503,309$4,632$60,882$4,632$0$56,2500$0
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$58,7501,660$4,632$63,382$4,632$0$58,7500$0
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$61,2504,496$4,632$65,882$4,632$0$61,2500$0
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$63,7501,467$4,632$68,382$4,632$0$63,7500$0
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$66,2502,821$4,632$70,882$4,632$0$66,2500$0
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$68,7501,164$4,632$73,382$4,632$0$68,7500$0
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$71,2502,922$4,632$75,882$4,632$0$71,2500$0
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$73,7501,107$4,632$78,382$4,632$0$73,7500$0
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$76,2502,603$4,632$80,882$4,632$0$76,2500$0
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$78,7501,059$4,632$83,382$4,632$0$78,7500$0
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$81,2502,456$4,632$85,882$4,632$0$81,2500$0
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$83,750798$4,632$88,382$4,632$0$83,7500$0
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$86,2501,353$4,632$90,882$4,632$0$86,2500$0
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$88,750683$4,632$93,382$4,632$0$88,7500$0
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$91,2501,721$4,632$95,882$4,632$0$91,2500$0
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$93,750540$4,632$98,382$4,632$0$93,7500$0
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$96,250948$4,632$100,882$4,632$0$96,2500$0
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$98,750639$4,632$103,382$4,632$0$98,7500$0
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$100,00017,672$4,632$104,632$4,632$0$100,0000$0(This row $100K and above.)
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Sources (2015 Data)
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Salary Data:
http://www.census.gov/data/tables/time-series/demo/income-poverty/cps-pinc/pinc-01.html
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Current Welfare Spending:
http://www.usgovernmentspending.com/year_spending_2015USbn_18bs6n_2030#usgs302
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