Marianne Williamson on Tax ReformAuthor & Democratic Presidential Challenger | |
EIGHT CANDIDATES HAVE SIMILAR VIEWS: Peter Buttigieg; John Delaney; Seth Moulton; Beto O`Rourke; Bernard Sanders; Joseph Sestak; Thomas Steyer; Elizabeth Warren.
Sen. Warren has proposed a 2% annual tax on household net worth between $50 million and $1 billion, and a 3% tax on net worth above $1 billion. Rep. Delaney supports imposing a 30% tax on individuals earning more than $1 million. Sen. Sanders proposes to hike estate taxes, up to 77% for estates valued above $1 billion; and creating a 1% tax on household net worth over $21 million. Rep. Moulton wants to lower the estate tax exemption to $3 million for individuals and $7 million, from $11.4 million and $22.8 million. Steyer has proposed a 1% tax on the wealthiest 0.1% of Americans. Rep. Sestak advocates raising the estate tax rate to 45% and lowering the exemption to $3.5 million for the 400 wealthiest families in the country.