Andre Iguodala on AOC's and Warren's wealth tax proposals: 'I'm all for it'

NBA all-star Andre Iguodala is a multi-millionaire, but he has no objections to increasing taxes on the wealthy. In a recent episode of “Influencers with Andy Serwer,” Iguodala got behind proposals from from Sen. Bernie Sanders (I-VT), Sen. Elizabeth Warren (D-MA), and Rep. Alexandria Ocasio-Cortez (D-NY) to institute a wealth tax.

“If we can find ways to stop abusing the earth with pollution and overeating and obesity and diseases and cancer, and if you have to take a chunk of my wealth, I'm all for it,” said Iguodala, a longtime forward for the Golden State Warriors who was acquired earlier this month by the Memphis Grizzlies.

Currently, the top income tax rate is 37%, which applies to individuals making over $500,000 or married couples making over $600,000. Historically, top earners have faced higher taxes, paying a top marginal rate of 91% under President Dwight Eisenhower and 70% under President John F. Kennedy.

“I've looked at the historical tax rates, and I think it was like 70%, 80%, the federal tax was at one point, which seems pretty high. But we're in interesting times,” Iguodala said.

https://finance.yahoo.com/news/andre-iguodala-responds-to-bernie-sanders-elizabeth-warren-and-ao-cs-tax-proposals-if-you-have-to-take-a-chunk-of-my-wealth-im-all-for-it-143609915.html