Bernie Sanders Wealth Tax Shows How He Differs To Elizabeth Warren
Sanders’ new wealth tax would target a larger number of upper class households than Warren’s existing plan, and at higher rates. His proposal would impose a 1% tax on net worths over $32 million (and single filers with net worths more than $16 million), affecting 180,000 households. The plan has several brackets, with a 2% tax over $50 million, 3% over $250 million, 4% over $500 million, 5% over $1 billion, all the way up to 8% on net worths over $10 billion....