Warren welcomes Bloomberg into race by sharing her 'calculator for billionaires'

Sen. Elizabeth WarrenElizabeth Ann WarrenWarren: Dershowitz presentation 'nonsensical,' 'could not follow it' On The Money: Stocks close with steep losses driven by coronavirus fears | Tax season could bring more refund confusion | Trump's new wins for farmers may not undo trade damage Overnight Energy: Sanders scores highest on green group's voter guide | Trump's latest wins for farmers may not undo trade damage | Amazon employees defy company to speak on climate change MORE (D-Mass.) welcomed billionaire Michael BloombergMichael Rubens BloombergSteyer would have owed M more in taxes under lawmakers' proposal: liberal group Majority sees no ties between business experience and political success Fifth congressional Democrat backs Bloomberg in 2020 race MORE to the Democratic primary race by referring him to her newly launched "Calculator for Billionaires."


"Welcome to the race, @MikeBloomberg!" Warren tweeted Thursday evening.

"If you're looking for policy plans that will make a huge difference for working people and which are very popular, start here." 

Attached to the tweet is a link to Warren's "Calculator for Billionaires," which was released earlier on Thursday. 

The web tool allows voters to see how much some of the country's most prominent billionaires would pay in taxes under Warren's new tax plan, which features a two percent tax on household net worth between $50 million and $1 billion, and a three percent tax on net worth above $1 billion. 

Ironically, Bloomberg, who has a reported net worth of $52 billion, is one of the billionaires you can choose from on the tool. According to Warren's calculator, the 77-year-old former Mayor of New York would pay $3.079 billion in taxes next year.

Bloomberg hasn't officially launched a campaign yet, but sources said Thursday that he is completing the necessary paperwork to appear on Alabama's Democratic primary ballot.