Michael Bloomberg releases tax plan

By artappraiser on Sat, 02/01/2020 - 6:45pm |

The Bloomberg tax plan aims to raise $5 trillion. More from @jordanbjackson @mel_holzberg: https://t.co/QdEEP2lQaP
— Sahil Kapur (@sahilkapur) February 1, 2020

URL:

https://www.nbcnews.com/politics/meet-the-press/blog/meet-press-blog-latest-news-analysis-data-driving-political-discussion-n988541/ncrd1128231#blogHeader

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Mike Bloomberg’s tax plan:

• Top income rate 37% 39.6%

• Corporate tax rate 21% 28%

• Tax capital gains as regular income above $1M

• 5% surtax on $5M+ incomes

• Lower estate tax threshold (level unspecified); end stepped-up basis

• Close pass-through loopholes
— Sahil Kapur (@sahilkapur) February 1, 2020