Myth: Bernie Sanders has called for a 90% tax rate
Fact: Bernie Sanders’ tax plan has been released, and it is a top marginal tax rate of 52% (meaning income above $10,000,000 would be taxed at that rate). The 90% figure comes from his alluding to the fact that the top marginal tax rate has been as high as 92% (including under Republican President, Dwight Eisenhower) with no apparent loss in economic growth.
A History of the Top Marginal Tax Rate
The chart below shows the history of the top marginal tax rate in the US. From the great depression until John F Kennedy, it remained near 90%. Under JFK, the rate would be lowered to around 70% where it would remain until t would be reduced further under President Reagan. Today’s 39% is actually quite low in relation to the post world war 2 years.Continue reading
While Bernie Sanders is not new to American politics, he was a little-known politician until his run for President and subsequent surge in the polls. He continues to defy the conventional wisdom of what’s possible when running for President. Here we share the latest news headlines regarding Bernie Sanders.Continue reading
Bernard ‘Bernie’ Sanders, a U.S. Senator from Vermont and a candidate for the Democratic nomination for president, is 74 years old. He was born on September 8, 1941 in Brooklyn, a borough of New York City. He spent his whole childhood in Brooklyn, attending school at P.S. 197 and James Madison High School.Continue reading
Bernie Sanders is a presidential candidate for the Democratic Party. Currently serving as the junior senator for Vermont, Sander’s political career has spanned over three decades. He states he is a secular Jew that does not subscribe to an organized religion. His political career has coincided with his activism, in particular his support of the Civil Rights Movement.Continue reading
If Senator Bernie Sanders wins the Democratic nomination and is elected as the President of the United States, he will be the first Jewish President in the nation’s history. Although Sanders does not describe himself as particularly religious, his roots are in Judaism with a deep family history in Poland. As with many Jewish families who immigrated to the United States in the age of the Holocaust, their Jewish faith is deeply intertwined with this difficult history.Continue reading