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Wednesday, April 17, 2024

Sen. Warren on wealth tax: ‘I think most people would rather be rich’ and pay 2 or 3 cents more

  • Sen. Elizabeth Warren's latest wealth-tax proposal calls for an annual tax of 2%, or 2 cents, on every dollar of people's wealth worth above $50 million.
  • Individuals with fortunes worth more than $1 billion would face an annual tax of 3%, or 3 cents, on every dollar above that threshold.

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