Truthout
Wealth Tax
Democrats Seek to End Major Billionaire Tax Avoidance Scheme in New Senate Bill
The bill takes aim at a practice known as “buy, borrow, die,” in which billionaires borrow extensively off their assets.
Progressives Unveil Bill to Tax Billionaire Wealth Up to 8 Percent
The bill would create four tax brackets to tax those with “runaway wealth.”
“Greatest Wealth Transfer in History” Is Poised to Further Entrench Inequality
A recent New York Times analysis demonstrates that "we are not taxing the very wealthy enough,” said one professor.
Oxfam Report: US Billionaires Almost a Third Richer Since COVID Hit
“Tax Day is a reminder that the tax system isn't working for ordinary Americans.”
Lawmakers in 7 States Are Working Together to Tax the Rich
Lawmakers are introducing wealth tax proposals as federal lawmakers fail to combat wealth inequality.
For Every $1 Gained by a Bottom 90 Percenter Since 2020, a Billionaire Got $1.7M
A report finds the top 1 percent seized twice the new wealth as the rest of the world in the past two years.
A Wealth Tax on the 0.25 Percent Could Fund Biden’s Entire Student Debt Plan
A modest 2 percent wealth tax on households with over $30 million in wealth could have raised over $400 billion in 2022.
Spain Passes “Solidarity” Wealth Tax on Top 0.1 Percent
Spanish taxpayers who own more than $2.9 million in assets will be subject to the new measure.
26 of US’s Richest Billionaires Paid 4.8 Percent Tax Rate in Recent Years
Warren Buffett paid an effective tax rate of only 0.1 percent between 2013 and 2018, IRS documents show.
As Over a Million Have Died of COVID, US Billionaires Have Gained $1.7 Trillion
The $1.71 trillion wealth gain alone could pay off nearly the entirety of student loans owed by the public.