Mike Bloomberg would save nearly $4 billion on his tax bill under Joe Biden's proposed plan compared to the 'tax on extreme wealth' Bernie Sanders wants
, who is now a tax partner at law firm Greenspoon Marder.
The revenue raised by a potential wealth tax would also likely be much lower than its advocates expect because of tax evasion tactics the ultra-wealthy would probably undertake to avoid paying more, Mann told Business Insider.Elizabeth Warren and Bernie Sanders have both proposed taxes on the ultra-wealthy. Here's how much poorer America's 10 wealthiest billionaires would be under a moderate wealth tax.
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