Debt Bomb is your guide to the United States' fiscal troubles.
Nassau Research designed Debt Bomb to help you understand how the United States’ fiscal problems could harm younger generations. Debt Bomb allows you to build a profile of a household and then projects how much more in taxes an average household with this profile would have to pay if Congress were to implement broad-based tax increases and forgo spending cuts in order to control rising deficits. These tax increases would involve raising rates for each tax bracket proportionally, except those for the Alternative Minimum Tax. Drawing on its economic expertise, Nassau Research created an extensive model of the tax code and household income profiles using large public data sources in order to create these projections.
Debt Bomb offers you the chance to learn more about the origins of these debt problems and the way forward. You can also contact your elected representatives using the app’s directory.
Now available: Debt Bomb 1.1, which can simulate "dynamic effects" in its tax model. Version 1.0 assumed "static effects", meaning that increased tax rates would not result in taxpayers changing their behavior. The advanced functionality in version 1.1 allows you to specify to what extent taxpayers would respond to higher tax rates.
Stay tuned for updates, or follow us on Twitter (@debtbombapp) for articles and updates related to the debt bomb. You may also like us on Facebook: facebook.com/DebtBomb or follow Nassau Research for updates about app releases and future apps: @NassauResearch
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Contact us: nassresearch AT gmail DOT com
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