Newly announced presidential candidate Senator Elizabeth Warren (D-MA) has gotten much of the coverage on raising taxing of late with her plan to levy a 2% tax on assets over $50 million, but failed 2016 (and likely 2020) democratic Presidential candidate Senator Bernie Sanders (I-VT) is determined to penalize success as well. Staying in class warfare mode, Sanders has filed federal legislation seeking to expand the estate tax on Americans. The Sanders plan would apply to the wealthiest 0.2% of Americans (2% must be the new 1 percenters?) and would lower the taxable threshold for estates from the current $11 million back to $3.5 million, which it was before passage of the Tax Cuts and Jobs Act (TCJA) in 2017. In addition, his plan, which he creatively has dubbed “For The 99.8% Act”, would allow for the estate tax to increase to as much as 77% on the value of estates over $1 Billion.