Bernie Calls For 52% Tax Rate for Government Healthcare

Share on Facebook
Tweet this Story
Pin this Image

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.

More from Americans for Tax Reform