Wealth Taxes, Court Packing, and Revolution
Written by Oliver Perry
Fox News reported that presidential candidate Kamala Harris affirmed her support of a federal wealth tax.
It’s meant to hit only the “super wealthy”:
… Continue Reading“The proposal would impose a minimum tax of 25% on total income, generally inclusive of unrealized capital gains, for all taxpayers with wealth (that is, the difference obtained by subtracting liabilities from assets) greater than $100 million,” the Treasury Department stated in its FY25 revenue proposals. The same proposal was also put forth by the Biden-Harris administration in fiscal year 2024 and in fiscal year 2023, but the minimum taxable amount was 20%.
Tags: A.Q. Smith, Alexandria Ocasio-Cortez, Bernie Sanders, Biden-Harris Administration, Capitalism, Donald J. Trump, First Amendment, Franklin D. Roosevelt, Income Tax Amendment, Jeff Bezos, Jennifer Szalai, Joe Biden, Kamala Harris, Karl Marx, living Constitution, Ludwig von Mises, Mark Zuckerberg, New York Times, Ryan Doerfler, Samuel Moyn, Sixteenth Amendment, super wealthy, U.S. Constitution, U.S. Supreme Court, wealth tax
Federal Issues, Marriage, Family & Culture, Political | Alyssa Sonnenburg | 
September 17, 2024 5:00 AM | 
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