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2020 Democrats Plan to Tax the Rich—Including Themselves

Oct. 2, 2019, 8:00 AM

The leading Democratic presidential candidates are promising to pay for their policy visions with new taxes on the wealthy—and some of the 2020 contenders would have to pay dearly.

The four top-polling candidates – Elizabeth Warren, Joe Biden, Bernie Sanders and Kamala Harris – all earned at least $500,000 last year, according to their tax returns. And they’ve embraced tax-the-rich proposals that could increase levies on themselves and similarly-situated peers as they look to unseat President Donald Trump in 2020.

Under Warren’s plan, the Massachusetts senator, who earned $846,000 in 2018, the first year under Trump’s tax cuts, ...