Bernie Sanders’ Proposed Medicare for All Tax Increases

Progressive income tax rates.
Under this plan the marginal income tax rates would be:

40 percent on income between $250,000 and $500,000.
45 percent on income between $500,000 and $2 million.
50 percent on income between $2 million and $10 million. (In 2014, only 136,000 households, the top 0.1 percent of taxpayers, had income between $2 million and $10 million.)
52 percent on income above $10 million. (In 2014, only 16,700 households, just 0.02 percent of taxpayers, had income exceeding $10 million.)

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