Tax,
Government
Oct. 15, 2019
Anticipating Elizabeth Warren’s wealth tax
Democratic Presidential Candidate Sen. Elizabeth Warren has proposed an annual 2% tax on those with a net worth over $50 million, and a 3% tax on those with a new worth above $1 billion.
Owen Kaye
Managing Partner
KFB Law Group
12100 Wilshire Blvd #245
Los Angeles , CA 90025
Phone: (310) 207-8008
Fax: (310) 207-8708
Email: owen@kfblawgroup.com
Western State Univ College of Law
Democratic Presidential Candidate Sen. Elizabeth Warren has proposed an annual 2% tax on those with a net worth over $50 million, and a 3% tax on those with a new worth above $1 billion. (Candidate Sen. Bernie Sanders has an even more aggressive proposal: 1% for those with a net worth above $32 million rising to 8% for those with a net worth over $8 billion.) She calls it the “Ultra-Millionaire Tax.” One poll indicates two-thirds of Americans — including Republicans —...
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