September 24, 2019

Sanders Calls for ‘National Wealth Registry’ to Enforce New Tax
Democratic presidential candidate Senator Bernie Sanders on Tuesday rolled out his plan to levy an "extreme wealth tax" on millionaires and billionaires, which he plans to enforce through the creation of a "national wealth registry.""Today, the United States has more income and wealth inequality than almost any major country on Earth, and it is worse now than at any time since the 1920s," Sanders said in his proposal.Sanders' annual tax on the top 0.1 percent would apply to Americans with a net worth of over $32 million, or about 180,000 households, and would raise approximately $4.35 trillion over the next decade, the Sanders campaign estimates.The Vermont senator's plan seeks to combat capital flight and other forms of tax avoidance through a "national wealth registry" and the addition of "significant additional third party reporting requirements." The proposal calls for increased funding for the Internal Revenue Service to cover the bureaucratic costs associated with enforcing the wealth tax.Under the plan, the IRS will be required to audit 30 percent of the top one percent's wealth tax returns and 100 percent for billionaires.The tax would start at one percent for a married couple with $32.5 million and would progressively increase one percent for each bracket up to eight percent for those with a net worth of $10 billion. Those rates would be halved for single individuals.The new tax will partially fund Sanders' Medicare for All plan as well as his affordable housing and universal childcare plans.Sanders argues there has been a "massive transfer of wealth from those who have too little to those who have too much" over the last three decades."Under this plan, the wealth of billionaires would be cut in half over 15 years which would substantially break up the concentration of wealth and power of this small privileged class," the progressive candidate said.Sanders' plan goes beyond Senator Elizabeth Warren's wealth tax plan, which would impose just a 2 percent tax on families with $50 million and a 3 percent tax on those with $1 billion.
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Colton Underwood & Cassie Randolph Officially Break Up | E! News
May 29, 2020
wf-PJ3jJr9s
"Duck Dynasty" Star Has a Daughter From Past Affair | E! News
May 29, 2020
LJYQ5qBSzVI
Julianne Hough & Brooks Laich Confirm Their Separation | E! News
May 29, 2020
-s_rlwJ6YkA
Kylie Jenner faked her way to billionaire status, Forbes says | Page Six Celebrity News
May 29, 2020
BCSYS0HFHG0
Zonnique, daughter of Tiny Harris, shows off Atlanta home music studio | Page Six Celebrity News
May 29, 2020
kxKFasdVQKE
Wanda Sykes and Scott Baio at war over Joe Biden’s ‘ain’t black’ remarks | Page Six Celebrity News
May 28, 2020
u3TYzRbpRdk
Hasan Minhaj, Kumail Nanjiani, Lulu Wang, Jon M. Chu, Ally Maki Join #Represent: Success Stories
May 30, 2020
wuCMpiZ5t6U
'Ramy' Creator Ramy Youssef on Season 2, Working With Mahershala Ali
May 29, 2020
TZk6RXM2OiI
Chris Evans Talks 'Defending Jacob' Season Finale
May 29, 2020
EJkYstFrquo
Martin Luther King III Understands But Won't Condone Violent Protests | TMZ
May 30, 2020
65aDb99fMoc
Eric Garner's Mom Doubts Justice Will Be Served In George Floyd Death | TMZ
May 30, 2020
eWOZffmQ7Uk
Celebrities Are Losing Their Minds In Quarantine: Part 3
May 29, 2020
Q_tpheG_5MI
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
08
Mar
ITALY: Serie A
Juventus - Inter Milan
08
Mar
ENGLAND: Premier League
Manchester United - Manchester City
08
Mar
ENGLAND: Premier League
Chelsea - Everton
08
Mar
SPAIN: La Liga
Real Betis - Real Madrid
08
Mar
ITALY: Serie A
AC Milan - Genoa
07
Mar
ENGLAND: Premier League
Burnley - Tottenham Hotspur
07
Mar
ENGLAND: Premier League
Arsenal - West Ham United
07
Mar
SPAIN: La Liga
Barcelona - Real Sociedad
07
Mar
ENGLAND: Premier League
Liverpool - Bournemouth
07
Mar
SPAIN: La Liga
Atletico Madrid - Sevilla
01
Mar
SPAIN: La Liga
Real Madrid - Barcelona
01
Mar
ENGLAND: Premier League
Everton - Manchester United
01
Mar
ENGLAND: Premier League
Tottenham Hotspur - Wolves
01
Mar
SPAIN: La Liga
Espanyol - Atletico Madrid
01
Mar
ITALY: Serie A
Cagliari - Roma
29
Feb
ENGLAND: Premier League
Watford - Liverpool
29
Feb
ITALY: Serie A
Napoli - Torino
29
Feb
ENGLAND: Premier League
Bournemouth - Chelsea
24
Feb
ENGLAND: Premier League
Liverpool - West Ham United
23
Feb
ENGLAND: Premier League
Arsenal - Everton
23
Feb
ENGLAND: Premier League
Manchester United - Watford
23
Feb
ITALY: Serie A
Roma - Lecce
23
Feb
SPAIN: La Liga
Atletico Madrid - Villarreal
22
Feb
SPAIN: La Liga
Levante - Real Madrid
22
Feb
ITALY: Serie A
Fiorentina - AC Milan
22
Feb
ENGLAND: Premier League
Leicester City - Manchester City
22
Feb
ITALY: Serie A
Spal - Juventus
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k tudKp5Vhs3k iwWHibhssSo kQr0XHPbICM 5NeCb7JxaRk
Copyright © 2020 Feedimo. All Rights Reserved.