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What’s Your Household’s Cap-and-Trade Tax Burden?

http://www.taxfoundation.org/

Americans can now estimate how much a U.S. cap-and-trade system would cost their individual households annually with the Tax Foundation's new Household Cap-and-Trade Burden Calculator.

The calculator is based upon a study released in March, Tax Foundation Working Paper No. 6, "Who Pays for Climate Policy? New Estimates of the Household Burden and Economic Impact of a U.S. Cap-and-Trade System." The study shows that a cap-and-trade system designed to reduce greenhouse gas emissions by 15 percent would place an annual burden of $144.8 billion on American households. The average annual household burden would be $1,218, which would be approximately 2% of the average household income.



Answer Question
 
Anonymous

Asked by Anonymous at 1:27 PM on Jun. 29, 2009 in Politics & Current Events

Answers (39)
  • Although carbon emission permits under a cap-and-trade system would be purchased first by energy companies, the costs are ultimately paid by American consumers. The calculator asks how much a household's combined monthly income is (pre-tax) and how much a household spends monthly on various items like electricity, natural gas, food, clothing and transportation. It then calculates the total annual additional cost that cap-and-trade would impose on that household as well as the cap-and-trade burden as a percentage of income. Read the full news release. Calculate your household's cap-and-trade burden

    Anonymous

    Answer by Anonymous at 1:29 PM on Jun. 29, 2009

  • our would go up about 3.96%,,, which would be an extra 884$ a month
    2cuteboysrmine

    Answer by 2cuteboysrmine at 1:34 PM on Jun. 29, 2009

  • We're about $450 over the national average.

    Is this what we're going to have to pay each month?!
    LoriKeet

    Answer by LoriKeet at 1:36 PM on Jun. 29, 2009

  • Ours calculates our monthly spending to increase to more than what we even make in a month or an increase in expenditures totaling 6.23%!
    Anonymous

    Answer by Anonymous at 1:42 PM on Jun. 29, 2009

  • 2.41%
    bringin

    Answer by bringin at 1:45 PM on Jun. 29, 2009

  • ours is 3.94%. We are already on a tight budget. This will increase our costs to more than we make.
    ljmcmichael

    Answer by ljmcmichael at 1:49 PM on Jun. 29, 2009

  • Ours in .73%
    mcginnisc

    Answer by mcginnisc at 2:11 PM on Jun. 29, 2009

  • This is nauseating it cannot pass the senate
    tnmomofive

    Answer by tnmomofive at 2:11 PM on Jun. 29, 2009

  • on a positive note.. if it does pass, ours actually wouldnt go up that much, becuase we are moving and there will be no natural gass, our natural gas cosots if we stay here would more than double

    also im not sure about teh whole cap-trade thing... can you girls fill me in?
    2cuteboysrmine

    Answer by 2cuteboysrmine at 2:18 PM on Jun. 29, 2009

  • even estimating our WITHOUT using gas as a heat source it is outrageous and I do not see how we'd manage.
    Anonymous

    Answer by Anonymous at 2:24 PM on Jun. 29, 2009

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