What Bloomberg's tax bill would be under Bernie Sanders, Joe Biden - Business Insider

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Mike Bloomberg would save nearly $4 billion on his tax bill under Joe Biden's proposed plan compared to the 'tax on extreme wealth' Bernie Sanders wants

, who is now a tax partner at law firm Greenspoon Marder.

The revenue raised by a potential wealth tax would also likely be much lower than its advocates expect because of tax evasion tactics the ultra-wealthy would probably undertake to avoid paying more, Mann told Business Insider.Elizabeth Warren and Bernie Sanders have both proposed taxes on the ultra-wealthy. Here's how much poorer America's 10 wealthiest billionaires would be under a moderate wealth tax.

 

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Taxing a handful of rich people is just and should be done, but that is not where the real money comes from... Taxing the middle class 'a bit more' (law of large 's)

The more money you have, the more money you should be taxed because even with a like 49% tax, if your business is actually good, you'll continue to make more than you spend. 49 is obvious mad high but just the point of the matter.

You all joined to frustrate Banrnie; not cool.

He’ll spend more than that to get it

that makes me want bernie more.

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 /  🏆 729. in JP

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