Actor James Woods and Republican Charlie Kirk Spread Lie That Bernie Sanders Would Tax Anyone Making Above $29,000 a Year at 52%
Actor James Woods and Republican activist Charlie Kirk spread a lie on Twitter (BELOW) that Democratic presidential candidate Sen. Bernie Sanders (I-VT) would tax anyone making over $29,000 at a massive 52% rate (to pay for his “Medicare for All” plan).
The fact-checking website Snopes debunked the claim:
The general claim here — that Sanders’ health care plan would raise the tax rate to 52% on everyone making over $29,000 per year — is egregiously false…
One proposal offered by Sanders would raise the tax rate to 52% on earnings over $10 million. Sanders also proposed that the first $29,000 of a person’s income would be exempt from taxes, and a 4% income-based premium would be applied to earnings over $29,000.
But Sanders didn’t call for a 52% income tax rate for those making $29,000 at the debate, the transcript shows, or elsewhere that we could find...
All. In one document posted by Sanders, he suggested a potential marginal tax rate of 52% on income above $10 million — meaning taxable income earned after the first $10 million would be taxed at that rate...
As for the $29,000 figure, the same financing proposal calls for a potential “4 percent income-based premium paid by employees, exempting the first $29,000 in income for a family of four.” Under a Medicare for All system, health care costs currently paid by individuals, employers, private insurers, and state and local governments would shift to the federal government.
For those who can do simple arithmetic, here are some fun numbers on Bernie Sanders’ harebrained socialist schemes: pic.twitter.com/hQ6iwexzz6— James Woods (@RealJamesWoods) February 21, 2020
Facts:— Charlie Kirk (@charliekirk11) February 21, 2020
Bernie wants a $15 minimum wage
That would mean a gross salary of $31,200 for a 40 hr. work week
But he wants to tax anyone making above $29,000 a year 52%
That would make gross salary $14,976—$288/week
$288 divided by a 40 hour work week—$7.20/hour