Did Sanders Propose Raising Taxes to 52% on Incomes Over $29,000?

[Boats]

Did Sanders Propose Raising Taxes to 52% on Incomes Over $29,000?
By: Dan Evon - 02-24-20 & Validated by Snopes
Re: https://www.snopes.com/fact-check/sa...an-52-percent/

U.S. Sen. Bernie Sanders' health care plan proposes to raise the tax rate to 52% on incomes over $29,000.

Per Snoop's: FALSE

In February 2020, a text meme concerning Sen. Bernie Sanders’ health care plan and his proposal to raise the minimum wage to $15 an hour was circulated on social media. The meme contained several arithmetic equations that supposedly showed how the pay increase for minimum wage workers would be negated by the hike in taxes needed to pay for Sanders’ “Medicare for All” plan:

RE: https://www.snopes.com/tachyon/2020/...2.31.33-PM.png

But there’s no need to check the arithmetic in this meme. The general claim here — that Sanders’ health care plan would raise the tax rate to 52% on everyone making over $29,000 per year — is egregiously false.

Does Sanders’ Medicare for All plan raise taxes to 52% on incomes over $29,000?
In short, no. One proposal offered by Sanders would raise the tax rate to 52% on earnings over $10 million. Sanders also proposed that the first $29,000 of a person’s income would be exempt from taxes, and a 4% income-based premium would be applied to earnings over $29,000.