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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.
To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is: billionaires. Biden never endorsed an outright “wealth tax” when he campaigned for the White House last year. But his more conventional proposed rate increases on the income of
To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is and that's billionaires
To help pay for his big economic and social agenda, President Biden is looking to go where the big money is, and that's billionaires.
