According to the following article, Bernie wants to raise income taxes on the richest 1%.....to 90%!!!!
http://ift.tt/1ICKfIZ
rates haven't been that high on the rich since 1961.
there is no way, under any circumstances, such a plan would pass Congress.
plus the fact that most of the wealthy make their money from Long-Term Capital Gains, and not salaries, so unless Bernie is willing to also raise capital gains tax rates to 90%, his plan to raise another $1 trillion in taxes every year is dead in the water.
http://ift.tt/1ICKfIZ
rates haven't been that high on the rich since 1961.
there is no way, under any circumstances, such a plan would pass Congress.
plus the fact that most of the wealthy make their money from Long-Term Capital Gains, and not salaries, so unless Bernie is willing to also raise capital gains tax rates to 90%, his plan to raise another $1 trillion in taxes every year is dead in the water.
via International Skeptics Forum http://ift.tt/1RQII4U
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