A Wealth Tax Is Impractical and Unrealistic
April 14, 2019 at 10:30 AM EDT
By Rick Kahler via Iris.xyz Democratic Presidential candidate and Massachusetts Senator Elizabeth Warren is proposing a federal wealth tax. It would impose annual taxes of 2% on those with household wealth—net worth, not income—of over $50 million and 3% on those with over $1 billion. While the US...