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The tax continues to increase with income so net worth between 250 and 500 million is taxed at 3 percent 500 million to 1 billion at 4 percent 1 to 25 billion at 5. The tax rate would increase to 2 percent on net worth from 50 to 250 million 3 percent from 250 to 500 million 4 percent from 500 million to 1 billion 5 percent from 1 to 25 billion 6 percent from 25 to 5 billion 7 percent from 5 to 10 billion and 8 percent on wealth over 10 billion. Sanderss plan would implement an annual 1 tax on net worth over 32 million and that percentage would increase by marginal rates until it reaches 8 on net worth over 10 billion.

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Bernie sanders explains why hes a millionaire in other words a 1 tax would be placed on a net worth of over 32 million a 2 tax would be placed.

Puerto rico news today. Billionaires wealth in half in 15 years which would. Sanders campaign said his wealth tax would slash us. Sanderss wealth tax would begin with a 1 percent tax on net worth above 32 million for a married couple rising to 2 percent once net worth reaches 50 million.

Sanders of vermont would create an annual tax that would apply to households with a net worth above 32 million about 180000 households in total or about the top 01 percent according. Warrens wealth tax begins with 2 on households worth 50 million or more. The tax returns show bernie sanders and his wife jane earned more than 1 million in total income in 2016 and 2017.

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