Bernie Sanders(Tax Reform)
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. (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.
"I want Wall Street now to help kids in this country go to college, public colleges and universities, free with a Wall Street speculation tax." (DD1)
"I am proud that, along with Senator Barbara Boxer, a few years ago, we introduced the first piece of climate change legislation which called for a tax on carbon." (DD1)
