Bernie Sanders (Tax Reform)
Revision as of 17:20, 25 January 2016 by imported>WillC (New page: Prevent large corporations from shifting profits overseas to avoid paying US taxes. Increase taxes on capital gains and dividends. Close loopholes on corporate taxes. (BSWII) *6.2 percen...)
Prevent large corporations from shifting profits overseas to avoid paying US taxes. Increase taxes on capital gains and dividends. Close loopholes on corporate taxes. (BSWII)
- 6.2 percent income-based health care premium paid by employers
- 2.2 percent income-based premium paid by households.
- Progressive income tax rates.
Under this plan the marginal income tax rate would be:
37 percent on income between $250,000 and $500,000. 43 percent on income between $500,000 and $2 million. 48 percent on income between $2 million and $10 million. (0.08% of population) 52 percent on income above $10 million. (.01% of the population)
- Taxing capital gains and dividends the same as income from work
- Limit tax deductions for rich
- The Responsible Estate Tax
Creation of progressive estate tax on the top 0.3 percent of Americans who inherit more than $3.5 million.
(BSWHC)