Elizabeth Warren

Senator Elizabeth Warren’s wealth tax proposal is big. Senator Bernie Sanders’ is about 60 percent bigger.

Senator Elizabeth Warren’s campaign promise to fund social programs by making America’s wealthiest pay a small percentage of their fortune every year could create a costly and difficult compliance system for both the taxpayers and the IRS.

The presidential candidate released a plan Thursday to expand Social Security benefits by $200 per month with a payroll tax increase on incomes above $250,000.

Billionaires such as Jeff Bezos, Bill Gates and Warren Buffett could have collectively lost hundreds of billions of dollars in net worth over decades.

Democratic presidential contenders divided sharply on Tuesday over whether middle-class taxes would have to increase to pay for a government-run health care system known as “Medicare for All.”

The proposal positions the Democratic presidential candidate between rivals Bernie Sanders and Joe Biden on a contentious issue.

The legislation would remove language like “husband” and “wife” from the tax code to accommodate same-sex couples and let them claim pre-2013 tax refunds.

The House voted overwhelmingly to repeal a tax Wednesday intended to fund the Affordable Care Act, preserving tax breaks for employer-sponsored insurance plans favored by large corporations.

Senator Bernie Sanders says most people in America will have to pay more in taxes to pay for his Medicare-for-All plan. But he insists that’s a good deal — and will save people money overall by lowering health costs.

Democratic presidential front-runners largely agree on their first tax priority: Scrap the TCJA and institute new levies to pay for social programs.