Bernie Sanders(Tax Reform)

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Revision as of 15:51, 26 January 2016 by imported>WillC
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Bernie's Tax Reform (section 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. [1]

  • 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)