Dubbed the 'Tax on Extreme Wealth,' Bernie Sanders' proposal aims to cut the wealth of billionaires in half over the next 15 years.
Vermont Sen. Bernie Sanders is laying out his plan to directly tax the wealthy in an effort to combat income inequality.
According to his campaign, if imposed, the tax would be bracketed starting with households with a net worth of $32 million, at rates between 1- 8%. The pair also advised Massachusetts Sen. Elizabeth Warren on her similar “Ultra-Millionaire tax.” That plan would place a 2% marginal tax on net worth between $50 million-$1 billion and a 3% marginal tax on $1 billion plus.
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Bernie Sanders unveils 'Tax on Extreme Wealth' planPresidential candidate Bernie Sanders has been a loud critic of the ultra wealthy. Under his newest plan, he is ensuring those in the highest income bracket pay what he sees as their fair share in taxes.
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Bernie Sanders rolls out wealth tax plan that would help fund 'Medicare for All'Sen. Bernie Sanders on Tuesday unveiled plans for a hefty tax on the ultra-rich that he says will pay for several of his expensive social spending proposals, including part of 'Medicare for All.'
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Bernie Sanders tries to outdo Elizabeth Warren with tougher wealth tax proposalSen. Bernie Sanders unveiled a tax on wealth Tuesday as he aims to cut income inequality and fund his sprawling social programs.
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Bernie Sanders proposes a wealth tax, setting up a clash with Elizabeth WarrenDemocratic candidate Bernie Sanders unveils a plan to tax the nation's top earners and says it will generate more than $4 trillion in the next decade.
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Jeff Bezos would pay $9 billion a year in wealth taxes under Bernie Sanders' planIn an effort to outflank the rise of Sen. Elizabeth Warren, Sen. Bernie Sanders announced a wealth tax that would hit multibillionaires like Bezos especially hard.
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