Sanders’ tax plan would slam wealthy on capital gains, study finds (much more than Hillary)

[Human101948]

The wealthiest Americans would really “feel the Bern” on investment income if Bernie Sanders becomes president.

An analysis of the Vermont senator’s tax plans released Friday found that the top effective marginal rate on capital gains income would more than double, going to 62% from the current 24.1%.

That’s one conclusion in a study from the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution. The study also found Sanders’ plan would raise $15.3 trillion over 10 years, much more than other presidential candidates’, including his Democratic-primary rival Hillary Clinton.

http://www.marketwatch.com/story/sanders-tax-plan-would-slam-wealthy-on-capital-gains-study-finds-2016-03-04

Maybe that's where he finds funds for his "wildly unrealistic" programs?

[Human101948]

1. Yeah, but Hillary's gonna sock it to those guys and tell them to "Cut it out!"

The same organization found that Clinton’s plan would raise $1.1 trillion over a decade.

http://www.marketwatch.com/story/sanders-tax-plan-would-slam-wealthy-on-capital-gains-study-finds-2016-03-04

Chump change!

[Gregorian]

2. Translation: the people would be civil enough to have their stolen money returned via taxation.

It beats how they did it to us.

I think the cat's out of the bag. People know what's going on with this economy. No amount of Greenspans can put this one back.

[thesquanderer]

3. the "top effective marginal rate" kicks in only on income over $10 million.

So yeah, those who make over $10 mill are likely to have a beef with Bernie. But we kinda suspected that anyway.

[stillwaiting]

7. Exactly. Anyone making less than $250,000 per year should not worry about Bernie raising

their taxes.

That's not how he rolls.

And, anyone making more than $10 million that objects to Bernie's tax plans taking in to account where we are as a nation, what's happened over the past 4 decades, and what tax rates have historically been in this country when the working and middle classes were much stronger is an asshat.

[litlbilly]

4. you guys are just gonna keep this stupid tax meme all day arent ya. getting really dumb now

[Gwhittey]

5. Crap

for a second there I thought I was on sean hannity forums with all the whining about taxes posts. What next? Are we going to start seeing posts about how IRS is a Sanders plot to steal from the rich?

[JaneyVee]

6. Heres the math: