On Monday, Sen. Elizabeth Warren (D-Mass.), along with Reps. Pramila Jayapal (D-Wash.) and Brendan Boyle (D-Penn.), rolled out a new version of the ultrawealth tax plan she proposed during her 2020 presidential campaign. This seemed inevitable, given that billionaires’ wealth has soared during the pandemic, and the Democrats now control Congress.
Even With The Proposed Wealth Tax, Billionaires Would Get Richer Faster Than Everyone Else
Michael Mechanic, Mother Jones
Mon, 03/01/2021 - 3:14pm
Topics: sen elizabeth warren d-mass reps pramila jayapal d-wash brendan boyle d-penn congress republicans edward wolff university california-berkeley emmanuel saez gabriel zucman sen bernie sanders notably forbes washington post treasury secretary larry summer natasha sarin saez s european the irs but saez the foreign account compliance act anand giridharadas winners take all plutocrats americans warren s saez saez zucman zucman s american irs tax proposed billionaires faster percent assets million average evasion avoidance rate enforcement audit proposal real grew projections increased pace inheritance calls citizenship plan rich months grow ultrawealthy income exceeding argue levy families write trillion year subject gained based effect raise agency roughly amount weak rates decade economist mid-1990s workforce
BING NEWS:
- Are You Rich or 'Really' Rich? Here's the Extreme Difference Between the Two Levels of Wealth
When you hear the word "rich," your mind probably conjures images of luxury – sleek cars, sprawling mansions, and a life of indulgence. But being rich on paper doesn't always mean you're really rich.
10/7/2024 - 8:30 am | View Link - Bill Gates trolled after he reveals billionaires' wealth would reduce significantly under his tax system
Bill Gates recently suggested that under his proposed tax system, billionaires like himself would have far less wealth ...
09/23/2024 - 8:23 pm | View Link - Could a wealth tax help reduce inequality?
The idea of taxing personal fortunes is under increasing discussion amid the growing disparity in wealth distribution in society.
09/23/2024 - 6:30 am | View Link - Bill Gates says the rich would be a lot poorer if he set taxes — but banning billionaires isn't on his agenda
Bill Gates said the wealthy would be worth a third as much if he designed the tax system, but unlike Sen. Bernie Sanders he wouldn't ban billionaires.
09/18/2024 - 11:15 pm | View Link - Could Kamala Harris' proposal to tax unrealized capital gains be adopted in Canada?
What’s more, critics say, simply administering the new tax regime would be complex and cumbersome. For starters, taxpayers with wealth greater than the threshold would be required to report to the IRS ...
09/8/2024 - 12:59 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more