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Bernie's Estate Tax Plan

posted 5 years ago by chilidoggg (14565)
3 replies | jump to latest

So Bernie wants to tax estates worth more than $3.5 million...

https://www.accountingtoday.com/news/bernie-sanders-estate-tax-bill-introduced-in-house

In 1980 we taxed estates worth more than $161,000.

https://www.irs.gov/pub/irs-soi/ninetyestate.pdf

In 1987 we taxed estates worth more than $600,000

$161,000 in 1980 is $494,000 today.
$600,000 in 1987 is $1.3 million today.

https://cpiinflationcalculator.com/

It seems Bernie is less socialist than even Reagan.

[–] JlawsANormlHuman (847) 5 years ago

But But that doesn't fit in with my narrative... that someone who wants capitalism is actually secretly a central economy loving marxist.

Reagan would be a democrat these days and smeared as a socialist

[–] ultravioletx (10237) 5 years ago

The GOP would declare Trump a socialist leftist loon if he brought back Reagan's tax rates, even if adjusted for inflation.

[–] JlawsANormlHuman (847) 5 years ago

the best part is statistically they will likely never even be effected by it. but the lie that "one day you might!" is enough to get poor and middle class to fight against the town interest and defend the wealthy