2017 GDP + total GDP growth from FD on Growth page.

70% GDP is consumer spending and 7% (($4,049 on food at home + $707 on personal care) / ($74,664 - $6,863)) of consumer spending is on staples which will be VAT-exempt. The product with GDP is estimated consumer dollars spent on VAT-exempt purchases.

EU countries on average collect 9.7% GDP in VAT. Yang has been quoted as saying proposed VAT rate will be half that of European levels. Assume this also means our VAT receipts as % of GDP is half of EU countries. 9.7% / 2 = 4.8%. See VAT % GDP sheet for further analysis.

Yang has said on multiple occasions that FD itself is not taxed, but may push income up into higher tax bracket. Assume those in lowest income tax bracket will not be pushed up and therefore not pay more in income taxes from FD push-up. See tax bracket sheet for analysis.

% Americans not in lowest tax bracket.

Cited in policy as one of the ways to pay for FD at https://www.yang2020.com/blog/ubi_faqs/pay-universal-basic-income/.

Since our model is a "steady state" model where projected effects have been realized, we will use Yang's final tax of $100/ton and not the starting tax of $40/ton.

"Their analysis indicates that starting with a $50 per ton carbon tax and increasing it by 5 percent per year would lead to a 63 percent reduction in total U.S. greenhouse gas emissions by 2050." Starting at $50 per ton and at 5% annual increase, it will take approximately 15 years to reach Yang's proposed final tax of $100 per ton. For simplicity's sake, let us also assume carbon reduction as a function of carbon tax is linear. MIT study statement was made in 2018, so approximate a 30 year timeline in the study to 2050. 15 years is halfway between 30 years, so let us conclude half of the estimated 63% carbon reduction will be achieved after 15 years.

Proposed to limit financial speculation and raise revenue on official site.

Per Yang policy proposal, investment fund partners to pay income level tax on carried interest versus current lower capital gain rate.

Per policy proposal, Yang suggests ending lower (15-20%) capital gains tax rate. It is not entirely clear if Yang proposes all gains to be taxed at income tax rates. We chose to adopt Tax Policy Center's Option 15 (p.27) to "Replace lower rates on long-term capital gains and qualified dividends with an exclusion of 40 percent" for our calculations. Their Dynamic 10-year revenue forecast estimates $309B over 10 years, of which we took the annual average.