How would a tax on the ultra-rich affect you?
Filed under: Finance, Tax, Taxes
The question of just how much the nation’s richest people should pay in taxes has been an ongoing debate for almost as long as the country has existed. More recently, it has sprung into the forefront with proposals from Democratic politicians like Rep. Alexandria Ocasio-Cortez of New York and Sen. Elizabeth Warren of Massachusetts that call for new taxes on the super-rich.
Different Approaches to Raising Taxes on the Rich
A 70% Top Tax Rate Won’t Necessarily Mean a Lot More Tax Revenue
But What About the Economy?
Warren’s Wonky Wealth Tax
A Wealth Tax Could Present Some Serious Difficulties
The Effect On You Would Be Indirect