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Fri Mar 4, 2016, 02:29 PM

 

Report: Bernie Sanders proposes $15T in tax increases, hitting most taxpayers . [View all]

Last edited Fri Mar 4, 2016, 09:39 PM - Edit history (2)

Democratic presidential candidate Bernie Sanders has proposed $15.3 trillion in tax increases, according to a new†report, and would raise rates on virtually everyone, including the politically all-important middle class.

Not surprisingly for a candidate who has made income inequality his central issue, Sandersís plan would wallop the rich, an analysis released Friday by the Tax Policy Center shows.

The top 0.1 percent would see their tax bills go up by more than $3 million, the report said, which would cut their after-tax incomes by almost half.

But Sanders, going where few politicians dare, would also raise taxes on middle- and low-income families, with those in the dead center of the income spectrum facing a $4,700 tax increase. That would reduce their after-tax incomes by 8.5 percent, the report said.

Read more:†http://www.politico.com/story/2016/03/bernie-sanders-tax-increases-220267#ixzz41xbGl1Yw

ETA: The funniest part about thread responses are that BERNIE ADMITTED MIDDLE CLASS TAXES WILL GO UP. Some of you just arent hearing it though.

https://lettertosanders.wordpress.com/2016/02/17/open-letter-to-senator-sanders-and-professor-gerald-friedman-from-past-cea-chairs/

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