Billionaire Democratic presidential candidate Mike Bloomberg is unveiling a tax plan that would target the wealthy — increasing rates on capital gains and corporate gains as well as introducing a new 5% surtax on incomes above $5 million. Campaign officials, who spoke on condition of anonymity to discuss the tax plan details, said it would raise roughly $5 trillion over 10 years, though that figure could be adjusted higher or lower based on the funding needs of Bloomberg’s policy agenda. Bloomberg is expected to discuss the plan on Saturday at the opening of his campaign’s Denver office. …read more
Source:: Yahoo Finance
