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A bill introduced by Bernie Sanders and Ro Khanna proposes a 5% annual tax on billionaire wealth. Its $4.4 trillion revenue figure is an estimate, and the measure has not become law.
Bernie Sanders’ office estimated that Jeff Bezos would owe about $11 billion under a proposed annual billionaire wealth tax. The figure depends on an earlier wealth estimate, and economists disagree on how much the plan would raise.
Sen. Bernie Sanders and Rep. Ro Khanna proposed a 5% annual tax on billionaire wealth. Revenue estimates range from $2.3 trillion to $4.4 trillion over 10 years, depending on assumptions.
