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  2. Inflation Reduction Act - Wikipedia

    en.wikipedia.org/wiki/Inflation_Reduction_Act

    The Tax Policy Center estimated that the bottom 80% tax filers by income would receive a net benefit, if ACA premium tax credits (subsidies) are included. The 80th-99th percentile would incur a small cost (0-0.1% increase in average federal tax rate) while the top 1% would incur a 0.2% increase.

  3. Column: How the Supreme Court could kill a wealth tax before ...

    www.aol.com/news/column-supreme-court-could-kill...

    A case involving a modest $15,000 tax bill could allow the Supreme Court to deliver an enormous tax benefit to billionaires and corporations while foreclosing on a tool to combat inequality.

  4. ‘Tax avoidance is a key skill to building wealth’: Scott ...

    www.aol.com/finance/tax-avoidance-key-skill...

    In May 2021, Washington Gov. Jay Inslee signed Senate Bill 5096 into law, imposing a 7% tax on any gain in excess of $250,000 from the sale or exchange of stocks, bonds and other investment assets.

  5. Why taxing US billionaires’ wealth – as Biden tried to do ...

    www.aol.com/news/why-taxing-us-billionaires...

    Elon Musk is currently the world’s richest person. AP Photo/Matt RourkeThe speed with which a tax on billionaires came and went as a means to pay for President Joe Biden’s economic agenda ...

  6. Economic policy of the Joe Biden administration - Wikipedia

    en.wikipedia.org/wiki/Economic_policy_of_the_Joe...

    The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.

  7. Tax policy and economic inequality in the United States

    en.wikipedia.org/wiki/Tax_policy_and_economic...

    The tax would raise around $2.75 trillion over 10 years, roughly 1% of GDP on average per yearuld raise the total tax burden for those subject to the wealth tax from 3.2% relative to their wealth under current law to about 4.3% on average, versus the 7.2% for the bottom 99% families. [79]

  8. The big flaw in Biden’s billionaire tax proposal, according ...

    www.aol.com/finance/big-flaw-biden-billionaire...

    Under Biden’s proposal, Musk’s tax bill would have totaled $3 billion for 2018 through 2022 — nearly seven times higher than what he paid. The 25 wealthiest Americans paid $13.6 billion in ...

  9. Share Our Wealth - Wikipedia

    en.wikipedia.org/wiki/Share_Our_Wealth

    In March 1933, Long offered a series of bills collectively known as "the Long plan" for the redistribution of wealth. The first bill proposed a new progressive tax code designed to cap personal fortunes at $100 million ($2.372 billion in 2024 dollars). Fortunes above $1 million ($23.72 million in 2024) would be taxed at 1%; fortunes above $2 ...