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BY: Charles Fain Lehman
Sen. Bernie Sanders (I., Vt.) saved roughly $38,000 in taxes thanks to the Tax Cuts and Jobs Act, the Republican-passed tax cut championed by President Donald Trump which the New York Times recently admitted cut most Americans' taxes.
Sanders - Years - Worth - Tax - Returns
Sanders released ten years' worth of tax returns Monday night, fulfilling a long-standing promise to do so. The returns indicated that Sanders is now a millionaire, having collected more than $1 million in 2016 and 2017 thanks to the sales from his books Our Revolution and Bernie Sanders Guide to Political Revolution.
Sanders dodged questions about his new-found wealth during a Monday night townhall on Fox, declining to say if he would pay a top tax rate of 52 percent, the highest bracket proposed during his 2016 run for the White House. He also did not respond to a question from Fox's Martha MacCallum about if he would voluntarily give money to the government to bring his tax bill up to what he thought a fair rate was.
Tax - Plan - Sanders - Tax - Liability
If he did, or if his tax plan were implemented, Sanders would increase his tax liability by nearly 30 percent, analysis of his tax returns indicates.
Sanders has not announced any substantive changes to the income tax system during his 2020 run. However, during his 2016 run, Sanders floated a comprehensive overhaul to the tax system in order to help pay for his proposed Medicare-for-All plan.
Analysis - Tax - Foundation - Sanders - Proposal
According to analysis from the right-leaning Tax Foundation, Sanders's 2016 proposal would add four new top tax brackets with rates of 37 percent, 43 percent, 48 percent, and 52 percent, It would also add a 2.2 percent "income-based [health care] premium paid by households," which the Tax Foundation writers...
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Why do democrats never have to face the reality of what's on the ground, like 2000 years of marriage.