think-progress: “ Explaining Hillary Clinton’s New Millionaire ‘Surcharge’ Hillary Clinton called for a new “fair share surcharge” tax of 4 percent on multi-millionaires Tuesday, making the proposal a centerpiece of her official tax plan. The rest of...

think-progress:

Explaining Hillary Clinton’s New Millionaire ‘Surcharge’

Hillary Clinton called for a new “fair share surcharge” tax of 4 percent on multi-millionaires Tuesday, making the proposal a centerpiece of her official tax plan.

The rest of Clinton’s tax plan is built on more familiar ground. She wants to raise capital gains taxes on short-term investment earnings, end the carried-interest loophole and other deductions the wealthy use to drive their actual tax rates far below the statutory rates for their earnings levels, and charge higher estate taxes against a larger number of inheritances than current law, which exempts all hand-me-downs smaller than $5.45 million. In total, the campaign says Clinton’s plan would bring in $400 to $500 billion in new revenue over a decade.

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  13. fourgoodluckcharms reblogged this from think-progress and added:
    Why won’t Bernie release his *FULL* tax plan?
  14. gardensgrey reblogged this from think-progress and added:
    Why won’t Bernie release his *FULL* tax plan?
  15. hillaryisaboss reblogged this from think-progress and added:
    Why won’t Bernie release his *FULL* tax plan!?!?
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