Last updated on: 1/13/2020 1:26:07 PM PST
Should the US Implement a Wealth Tax?
A wealth tax would require the nation's wealthiest households (over $30-50 million, depending on the specific plan) to pay an annual tax on their assets, including property, investments, art, yachts, and more. This would be in addition to income, property, and estate taxes.
Source: Susannah Snider, "What Is a Wealth Tax - And What Would It Mean for You?," usnews.com, Sep. 26, 2019
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