Tag: Net worth tax
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Democratic Lawmakers and Patriotic Millionaires Call for 90% Income Tax on Incomes Above $100 Million to Narrow Wealth Gap
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,…