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What Billionaires Would Pay Under Elizabeth Warren's Plan

If Warren is elected president, this is what the country's richest will have to pay .💸

Good news – they’ll still be extraordinarily rich

Sen. Elizabeth Warren’s new wealth tax proposal would take in 6 cents on every dollar over $1 billion in net worth. Billionaire Bill Gates had this to say on CNBC: When you say I should pay $100 billion, okay then I’m starting to do a little math about what I have left over. Sorry, I’m just kidding. The Warren campaign trolled Gates by releasing a tax calculator for billionaires. Here’s what America’s richest people would actually cough up.

  1. Jeff Bezos, CEO of Amazon

Net Worth: $112 Billion

Would pay: $6.66 Billion

  1. Bill Gates, founder of Microsoft

Net Worth: $107 Billion

Would pay: $6.38 Billion

  1. Warren Buffett, CEO of Berkshire Hathaway

Net Worth: $87.5 Billion

Would pay $5.19 Billion

  1. Mark Zuckerberg CEO of Facebook

Net Worth: $73.4 Billion

Would Pay: $4.3 Billion

  1. Larry Page CEO of Alphabet

Net Worth: $62.6 Billion

Would Pay: $3.70 Billion

Gates — worth an estimated $106 billion, according to Forbes — would have to pay almost $6 billion annually in addition to his other taxes. It turns out Bill Gates wouldn’t pay $100 billion under Sen. Elizabeth Warren’s wealth tax, after all. In fact, he wouldn't’ even have to fork over the $20 billion he said he’d be glad to pay. At least not in the first year. Under Warren’s “ultra-millionaire tax,” households making at least $50 million would pay a 2% tax on every dollar above that amount and then a 3% tax for every dollar of net worth above $1 billion. Under Warren’s “ultra-millionaire tax,” households making at least $50 million would pay a 2% tax on every dollar above that amount and then a 3% tax for every dollar of net worth above $1 billion.

Brut.

11/12/2019 8:39 PM

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1164 comments

  • Jeff P.
    01/01/2020 04:11

    I can't for the life of me figure out WHY this stupid meme keeps coming up on my page.....Warren will never ever win the Nomination...let alone the election....Pocahontas!!!!

  • Steve J.
    01/01/2020 03:44

    If you think for 1-second Jeff Bezos is going to pay 6.6 billion dollars tax’s you are crazy. He will move his money/ headquarters from the country so fast. Five guys paying somewhere around 25 billion, I don’t think so not happening. So being smart folks you know who this will fall on, the middle class , who don’t have a team tax’s attorneys, or can move there money to wherever.

  • Michael H.
    01/01/2020 03:29

    And every sent will be redistributed to welfare programs... 🤷🏻‍♂️

  • Charles L.
    01/01/2020 03:26

    SHE IS AN IDIOT

  • David H.
    01/01/2020 03:20

    We don't have a tax problem!! We have a spending problem!!!

  • David S.
    01/01/2020 03:19

    and what is she going to pay of the millions she made as a public servant in an elected office that can't be explained by her salary while in that office?

  • Michael B.
    01/01/2020 02:41

    Was the campaign as careful with these computations as it was with the cost of Medicare for All, which was 33% low?

  • David J.
    01/01/2020 02:27

    If we can afford them why are we 21+ trillion dollars in debt?

  • David H.
    01/01/2020 02:25

    Z

  • David H.
    01/01/2020 02:25

    Z

  • David H.
    01/01/2020 02:25

    X

  • David H.
    01/01/2020 02:25

    X

  • David H.
    01/01/2020 02:25

    X

  • Kathy H.
    01/01/2020 02:09

    Whatever Obama was in office for 8 years, jobs disappeared and we were told just accept it he placed children in cages at border and you all blame Trump you lied about your heritage for your own personal gain and you want Americans to believe anything you say well, not this American.!

  • Joe M.
    01/01/2020 01:26

    Wow those figures would not even put a dent in their bottom line, at lease the ones they used as examples

  • Robert H.
    01/01/2020 01:00

    Gee what the hell is she even talking about the rich people invest in other countries no tax on that and why she thinks she control other people money

  • Lyle B.
    01/01/2020 00:36

    The problem is 2 fold. First these guys would leave before paying all of that money. ( If it were enforced) If you took all of the net worth of anyone having 10 million dollars or more,you could run America for about 5 months. If you completely dismantled the military. Again 4 to 6 months. We spend trillions each year to run this country. A trillion is 1000 billion dollars. We need to spend better and get our house in order.

  • Chuck S.
    01/01/2020 00:26

    She is a loser.

  • David H.
    01/01/2020 00:00

    V

  • Rick T.
    12/31/2019 23:55

    Don't worry, Trump will win in a landslide