(Bloomberg) Hillary Clinton is calling for a 4 percent tax surcharge on Americans making more than $5 million annually, a move that would lead to the highest top U.S. income tax rate in 30 years.
Proposing the 4 percent surcharge, which would apply to just one-fiftieth of 1 percent of Americans, based on 2013 federal data, kicked off an effort by Clinton this week to unveil measures aimed at ensuring the wealthy pay a higher effective tax rate than the middle class.
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