\u2022 $3 trillion: Enact a modest financial transaction tax: 0.5 percent on the purchase of stocks (0.25 percent for the buyer and the seller) and tax bonds and derivatives at lower rates.<\/p>\n
\u2022 $1.7 trillion: Millionaires and billionaires pay a lower effective tax rate than working people. Rescind the Bush tax cuts for the top two percent; tax capital gains at the same rate as income (money making money is still income).<\/p>\n
\u2022 $1 trillion: Crack down on offshore tax shelters.<\/p>\n
\u2022 $580 billion: End tax breaks for companies that ship jobs overseas.<\/p>\n
\u2022 $500 billion: Establish a currency manipulation fee on China and other countries. The Economic Policy Institute has estimated that it would create one million jobs.<\/p>\n
\u2022 $300 billion: Establish a progressive estate tax on inherited wealth of more than $3.5 million.<\/p>\n
\u2022 $110 billion: End tax breaks and subsidies for profitable oil, gas, and coal companies.<\/p>\n
\u2022 Many corporations pay little or no tax. End tax loopholes, subsidies, bailouts, giveaways, and other corporate welfare.<\/p>\n
\u2022 Creates new tax brackets for incomes over $3 million with a top tax rate of 40 percent.<\/p>\n
\u2022 End the carried interest loophole for private equity and hedge fund managers.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u2022 $3 trillion: Enact a modest financial transaction tax: 0.5 percent on the purchase of stocks (0.25 percent for the buyer and the seller) and tax bonds and derivatives at lower rates. \u2022 $1.7 trillion: Millionaires and billionaires pay a lower effective tax rate than working people. Rescind the Bush tax cuts for the top … Continue reading How to generate trillions in revenue over a decade:<\/span>