Bernie Calls For 52% Tax Rate for Government Healthcare

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Posted by John Kartch on Tuesday, September 19th, 2017, 1:42 PM PERMALINK

Sen. Bernie Sanders is once again calling for extreme tax hikes to pay for his plans, this time for a government-run single payer health care system. The plan will come in at a cost of $1.38 trillion per year and will impose across the board tax hikes, including:

-An income tax rate of 52%

-Taxing ALL capital gains as ordinary income, meaning the current top capital gains rate of 23.8% would jump to 52%

-Massive hike in the Death Tax

-American families making as little as $28,900 per year will face a 2.2 percent tax on their income

-A $630 billion tax hike aimed at employers, which will just end up hitting workers

-Sanders also calls for more tax complexity and more tax brackets: 37%, 43%, 48% and of course the 52% 

ATR commends Sen. John Barrasso (R-Wyo.) for asking CBO to score the Sanders plan. As with most left wing programs, the Sanders plan will undoubtedly cost much more than he claims.

Photo Credit: "Bernie Sanders" by Scott Pelkey ScottP-Photography/Flickr, Under CC BY-SA 2.0

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