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Democrats offered up a poll conducted by TargetSmart showing 66% of respondents supported the Washington State Wealth Tax proposal. Mercier says a potential wealth tax would likely drop Washington ...
A California Democrat is renewing his efforts to tax wealthy residents’ net worth as a potential solution to closing the state’s $68 billion spending gap.. And Democratic Assembly Speaker ...
U.S. Sen. Elizabeth Warren is spearheading a Democratic wealth tax proposal this week that could potentially generate $3 trillion in tax revenue from the wealthiest Americans over a decade. The ...
If the Biden-Harris proposal becomes law, Harry gets an immediate tax hit of $22.5 million (the 25% minimum rate times the $90 million cap gain). At the end of year one, his “cost basis” would ...
Biden's proposal is for a minimum 20% tax on the income of households with more than $100 million in wealth. The White House says that more than half the revenue would come from households worth ...
The Kamala Harris campaign has made one of its first concrete policy proposals this week with a tax plan. The centerpiece of the plan is a series of high-end tax increases on corporations and ...
The most controversial idea by far is a plan to tax the unrealized capital gains of households if their net worth exceeds $100 million. ... Elizabeth Warren for a "wealth tax," but the effect here ...
A first-of-its-kind proposal from Democratic lawmakers to tax U.S. billionaires on the assets they own is expected to face challenges from the super-rich, and be tough to implement, say tax ...