How BernieSanders' and ewarren's wealth taxes would affect billionaires like Jeff Bezos and Mark Zuckerberg
Bill Gates, worth $97 billion, would have $36 billion under Warren's plan, less than $10 billion under Sanders'.
Charles Koch, and his late brother David, would each have had their $53.5 billion reduced to $19 billion under Warren's plan and $8 billion under Sanders'. Rather than reining in billionaires, Warren has placed her emphasis on how a small, targeted tax can produce substantial benefits. Sanders has previously pitched wealth taxes, including in the run-up to his 2016 Democratic primary campaign, but prior proposals have typically centered around expanding the estate tax on inheritance. Still, a direct tax on net worth isn't without precedent—both proposed wealth taxes have been compared to the property tax that acts much the same way for middle-income households.
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