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Bernie Sanders urges 'wealth tax' on richest Americans

Presidential candidate Bernie Sanders' newest plan ensures those in the highest income bracket pay what he sees as their fair share in taxes. On Tuesday, Sanders released his “Tax on Extreme Wealth” proposal. The plan would place a 1% tax on the top 0.1% of American households. That translates to those who have a net worth above $32 million, who would pay a wealth tax of $5,000.