“No. That's not 90 percent of your income, you know? That's the marginal.”
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in title, tags, annotations or urlBernie Sanders Flirted With 100% Marginal Tax on the Rich, Maximum Wage - Bloomberg Politics - 0 views
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Sanders is described as wanting to “make it illegal to amass more wealth than a human family could use in a lifetime.” He would do that, the article said, with “a 100 percent tax on incomes above this level ($ one million per year)” and “would recycle this money for the public need.”
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he still had the issue on his mind while serving in the House in 1992, entering into the Congressional Record a Los Angeles Times op-ed written by Sam Pizzigati, the author of The Maximum Wage. In that piece, Pizzigati details President Franklin Delano Roosevelt’s proposal for a “100% war supertax,”
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