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 .đź’¸
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.
- Jeff Bezos, CEO of Amazon
Net Worth: $112 Billion
Would pay: $6.66 Billion
- Bill Gates, founder of Microsoft
Net Worth: $107 Billion
Would pay: $6.38 Billion
- Warren Buffett, CEO of Berkshire Hathaway
Net Worth: $87.5 Billion
Would pay $5.19 Billion
- Mark Zuckerberg CEO of Facebook
Net Worth: $73.4 Billion
Would Pay: $4.3 Billion
- 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.
1173 comments
Jeff P.
01/01/2020 04:11I 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 03:44If 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 03:29And every sent will be redistributed to welfare programs... 🤷🏻‍♂️
Charles L.
01/01/2020 03:26SHE IS AN IDIOT
David H.
01/01/2020 03:20We don't have a tax problem!! We have a spending problem!!!
David S.
01/01/2020 03:19and 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 02:41Was 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 02:27If we can afford them why are we 21+ trillion dollars in debt?
David H.
01/01/2020 02:25Z
David H.
01/01/2020 02:25Z
David H.
01/01/2020 02:25X
David H.
01/01/2020 02:25X
David H.
01/01/2020 02:25X
Kathy H.
01/01/2020 02:09Whatever 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 01:26Wow 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 01:00Gee 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 00:36The 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 00:26She is a loser.
David H.
01/01/2020 00:00V
Rick T.
12/31/2019 23:55Don't worry, Trump will win in a landslide