All of the times candidates talked tax during a crowded Democratic debate:
MIAMI, FL - JUNE 26: Democratic presidential candidates take the stage for the first Democratic presidential primary debate for the 2020 election, June 26, 2019 in Miami, Florida. If you tuned in during the first night of the Democratic debates to hear what the candidates had to offer on tax policy, you were likely disappointed.
“…some Democrats want a marginal individual tax rate of 70 percent on the very highest earners, those making more than $10 million a year. Would you support that? And if not, what would your top individual rate be?” “I’ll give you 10 seconds to answer if you want to answer the direct question. Would you support a 70 percent individual marginal tax rate? Yes, no, or pass?”
If you’re wondering where that number comes from, it’s tied to a proposal from Rep. Alexandria Ocasio-Cortez . She suggested a 70% tax rate on incomes over $10 million. That’s not a flat 70% tax rate across the board; instead, it’s likely an additional marginal tax bracket. The marginal tax rate is your top tax rate, or the tax rate you'll pay on the next dollar of taxable income . That's because the U.S. has a progressive income tax system.
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