Tag: Estate tax rates

Democratic Lawmakers and Patriotic Millionaires Call for 90% Income Tax on Incomes Above $100 Million to Narrow Wealth Gap

Apr 19, 2023

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by

Neil Pelayre

in Finance, US Politics

A group of Democratic lawmakers and the Patriotic Millionaires, an organization of high-income individuals who favor higher taxes on the wealthy, are calling for the implementation of a 90% income tax on all earnings above $100 million. A Proposal to Implement Higher Income Tax This proposal comes amidst growing fears of a recession. Abigail Disney,…