Sen. Warren Introduces Wealth Tax Bill : vimarsana.com

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 

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