A Facebook post shared tens of thousands of times claims that Democratic presidential candidate Bernie Sanders wants to tax people making $15 an hour -- the minimum wage he is proposing -- at 52 percent. This is false; he has suggested that rate as an option for income over $10 million.
"$15 an hour x .52% = $7.80," it says. "$15 an hour - $7.80 = $7.20."
A screenshot of a Facebook post taken on February 27, 2020
Another version of the claim has been made on Twitter here.
A screenshot of a tweet taken on February 27, 2020
He has also proposed a tax rate of 52 percent -- but not for people making $15 an hour.
A section of his website explaining how he would pay for his various plans lists "raising the top marginal income tax rate to 52% on income over $10 million" as an option.
Sanders also suggested the same marginal tax rate on income above $10 million during his 2016 run for president, according to an archived version of his website.
Even if the rate for Americans making $15 an hour was 52 percent, not all of their earnings would be taxed at that level, as the false claims state.
Sanders has emerged as the front-runner for the Democratic presidential nomination.
He is advocating using revenue from various tax increases on well-off Americans to pay for plans aimed at helping those with lower incomes.
Updated On: 2020-02-28T19:47:34+05:30
Claim Review : Democratic presidential candidate Bernie Sanders wants to tax people making $15 an hour – the minimum wage he is proposing – at 52 percent.
Claimed By : Social Media users
Fact Check : False