Your Household Information

💰 Net Annual Impact on Your Family

Impact
$0
Total change to your household budget

Monthly Impact

$0

10-Year Total

$0

📊 See full details and assumptions

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📈 Historical Policy Impact Assumptions

12.0% annually
Historical: 2.5% (theoretical), 8% (US 1970s), 12% (default), 20% (UK 1970s), 50%+ (Argentina), 1000%+ (Venezuela)
$1,500 annually
Historical: $0 (optimistic), $1,500 (Minneapolis avg), $3,000+ (high crime areas)
12% tax base loss
Historical: 0% (optimistic), 12% (France wealth tax), 25%+ (high-tax European cities)

Annual Savings

+$0
from free services

Additional Costs

-$0
from taxes & effects

⏰ 10-Year Implementation Timeline

Years 1-3: Front-loaded Costs

Annual Impact: $0
High implementation costs, delayed benefits

Years 4-10: Mature System

Annual Impact: $0
Full benefits realized, ongoing costs

🏛️ Current Tax Burden (2025)

Federal Income Tax $0
NYS Income Tax $0
NYC Income Tax $0
Payroll Taxes (FICA) $0
Property/Rent Tax $0
Sales Tax (estimated) $0
Total Current Taxes $0

💰 Cost Savings Breakdown

Healthcare (43% use, 70% quality of private) $0
Childcare (25% would use government) $0
Transit (Free Buses) $0
Groceries (50% use, 50% savings vs private) $0
Housing (Rent Freeze) $0
Total Savings $0

📈 Additional Costs from Socialist Policies

Income Tax Increase (if >$1M) $0
Corporate Tax Pass-through $0
Inflation from Spending $0
Crime & Security Costs $0
Wealth Flight Tax Burden Shift $0
Government Inefficiency Tax $0
Higher Property Tax (wealthy areas) $0
Total Additional Costs $0

🏛️ Implemented Socialist Policies

Universal healthcare (Medicare-for-All style)
Free childcare (6 weeks to 5 years)
Free bus service citywide
City-owned grocery stores (5 locations)
Rent freeze on rent-stabilized units
$30/hour minimum wage by 2030
200,000 new affordable housing units
2% income tax on earners >$1M annually
Corporate tax increase from 7.25% to 11.5%
Progressive property tax reform
Police budget reduction & social services expansion

📚 Historical Precedents for Additional Costs

Inflation from Socialist Spending: Venezuela (1000%+), Argentina (40-50%), UK 1970s (20%), US Great Society era (10%+). Default 12% reflects that Mamdani's $10B+ spending represents 3-4% of NYC's entire economy - larger scale than gradual 1970s US expansions, but more conservative than recent international examples.

Crime Costs from Police Reduction: Minneapolis 2020-2022 (30% crime increase, 15% property value decline), San Francisco defund movement

Wealth Flight from High Taxes: France wealth tax ($125B capital flight vs $2.6B revenue), Norway billionaire exodus, New Jersey millionaire migration

Government Inefficiency Tax: California government workers paid 2x private sector ($140k vs $62k), 50% productivity gap, no competitive pressure

Corporate Tax Pass-through: Higher business costs historically passed to consumers as price increases, reducing purchasing power

📋 Sources & References

Cost of Living & Economic Data:

• Economic Policy Institute: Family Budget Calculator

• Child Care Aware: NYC Childcare Costs (2024)

• Pew Research: 5 Facts About US Childcare Costs

Tax Calculation Methods:

• PolicyEngine US Calculator - Methodology

• IRS: 2025 Tax Brackets & Standard Deductions

• NY State Tax Tables & Brackets

• NYC Property Tax Rates by Borough

Historical Inflation Data:

• Bureau of Labor Statistics: 100 Years of US Inflation Data

• Trading Economics: Venezuela Inflation History

• Trading Economics: Argentina Inflation History

Policy Details & Candidate Platform:

• Zohran Mamdani Official Campaign Website

• NPR Interview: Zohran Mamdani on NYC Mayoral Run (July 2025)

• Wikipedia: Zohran Mamdani Biography & Policy Positions

Healthcare Polling & Preferences:

• Gallup: Majority Say Gov't Should Ensure Healthcare (March 2025)

• The Hill: Poll Shows Mixed Healthcare Preferences (2022)

Government Inefficiency & Salary Data:

• Hoover Institution: California Government Workers Paid 2x Private Sector

• Reason Foundation: Comparing Public vs Private Sector Compensation

Wealth Flight & Capital Flight:

• Tax Foundation: The High Cost of Wealth Taxes (2024)

• Wikipedia: Capital Flight - Historical Examples

Crime & Policing Data:

• Minneapolis Fed: Crime & Policy After 2020 Protests

• MPR News: Minneapolis Crime Statistics Increases