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Sen Warren Introduces Wealth Tax Bill

‘An Estate Tax Every Year’ Ed Slott of Ed Slott & Co., told ThinkAdvisor Monday in an email that Warren’s wealth tax “will never happen.” The idea of a wealth tax “may sound fair to those who are not anywhere near that wealthy and believe these people should pay more, but it would be almost impossible to put into place and enforce and to do it each year. There is just no way this kind of tax can be practically assessed.” First, Slott continued, “this is a tax based on Net Worth, which is essentially the same process as preparing an estate tax return after death. But under this proposal the tax would be assessed 

MIL-OSI USA: Warren, Jayapal, Boyle Introduce Ultra-Millionaire Tax on Fortunes Over $50 Million

March 01, 2021 NEW ANALYSIS: The Ultra-Millionaire Tax would bring in at least $3 trillion in revenue over 10 years – without raising taxes on the 99.95% of American households that have net worth below $50 million Letters on Constitutionality here and here (PDF) Washington, DC – United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, Representative Pramila Jayapal (D-WA-07), a member of the House Budget Committee, and Representative Brendan Boyle (D-PA-02), a member of the House Ways and Means Committee today unveiled the Ultra-Millionaire Tax Act. The Ultra-Millionaire Tax Act would level the playing field and narrow the racial wealth gap by asking the wealthiest 100,000 households in America, or the top 0.05%, to pay their fair share. The Ultra-Millionaire Tax would bring in at least $3 trillion in revenue over 10 years – without raising taxes on the 99.95% of American households that have net worth below $50 million  – according to

Turning the Tide on Dirty Money - Center for American Progress

Turning the Tide on Dirty Money Why the World’s Democracies Need a Global Kleptocracy Initiative February 26, 2021, 1:40 pm Getty/Tarik Kizilkaya Sam Hananel Preface Transparency and honest government are the lifeblood of democracy. Trust in democratic institutions depends on the integrity of public servants, who are expected to put the common good before their own interests and faithfully observe the law. When officials violate that duty, democracy is at risk. No country is immune to corruption. As representatives of three important democratic societies the United States, the European Union, and the United Kingdom we recognize that corruption is an affront to our shared values, one that threatens the resiliency and cohesion of democratic governments around the globe and undermines the relationship between the state and its citizens. For that reason, we welcome the central recommendation of this report that the world’s democracies should work together to increase trans

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