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Billionaires wealth has soared 70% in the pandemic That s one reason why Democrats wanted to tax them

Billionaires wealth has soared 70% in the pandemic That s one reason why Democrats wanted to tax them
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United statesRon wydenBill gatesJeff bezosJoe bidenTami luhbyKyrsten sinemaElon muskFrank clementeSenate finance committeeWarnermedia companyInstitute for policy studies program on inequalityCable news network incTax fairnessPolicy studies programPresident joe biden

What is the billionaire s tax and how would it work?

President Joe Biden's economic and social plan may be partly paid for by a tax on billionaires proposed by Democrats. Here's how it would work.

New yorkUnited statesWhite houseDistrict of columbiaAllison schragerRon wydenWarren buffettElizabeth warrenJeff bezosNancy pelosiJoe bidenKyrsten sinemaThomas pikettyJoe manchinFrank clementeBernie sanders

Billionaires wealth has soared 70% in the pandemic That s one reason why Democrats wanted to tax them

Billionaires wealth has soared 70% in the pandemic That s one reason why Democrats wanted to tax them
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Billionaires wealth has soared 70% in the pandemic That s one reason why Democrats wanted to tax them

Billionaires wealth has soared 70% in the pandemic That s one reason why Democrats wanted to tax them
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Explained: What is Joe Biden s wealth tax for billionaires and how would it work

This new tax would apply solely to people with at least $1 billion in assets or $100 million in income for three straight years. These standards mean that just 700 taxpayers would face an additional tax on increases to their wealth.

United statesNew yorkWest virginiaAllison schragerRon wydenWarren buffettElizabeth warrenJeff bezosNancy pelosiJoe bidenKyrsten sinemaThomas pikettyJoe manchinFrank clementeBernie sandersManhattan institute