Bernie Sanders Flirted With 100% Marginal Tax on the Rich, Maximum Wage

In the 1970s, when he was a candidate for Senate, Sanders told the Burlington Free Press that “nobody should earn more than $1 million.”
Photographer: Andrew Harrer/Bloomberg

Vermont Senator Bernie Sanders distanced himself from the Eisenhower-era top marginal tax rate of 90 percent during last week’s Democratic presidential debate, but as he prepares to detail his support of democratic socialism in a major speech Thursday, documents from his past show him supporting an even higher rate of taxation on the nation's highest earners.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.