My Novice Thoughts on Bernie Sanders' Tax Plan #3: Tax Extreme Wealth

Updated: Sep 3

https://berniesanders.com/en/issues/tax-extreme-wealth/


How the Tax on Extreme Wealth Would Work

This tax on extreme wealth would have a progressive rate structure that would only apply to the wealthiest 180,000 households in America who are in the top 0.1 percent.


  • It would start with a 1 percent tax on net worth above $32 million for a married couple. That means a married couple with $32.5 million would pay a wealth tax of just $5,000.

  • The tax rate would increase to 2 percent on net worth from $50 to $250 million,

  • 3 percent from $250 to $500 million,

  • 4 percent from $500 million to $1 billion,

  • 5 percent from $1 to $2.5 billion,

  • 6 percent from $2.5 to $5