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Democrats Billionaire Tax Plan Puts About 700 People in Sights

The plan which would take effect in 2022 requires billionaires to pay taxes on all their appreciated tradable assets to date.

United statesDavid gamageRon wydenKyrsten sinemaJoe bidenKamala harrisIndiana universitySenate democratsSenate finance committeeWhat you needPresident joe bidenSenate finance committee chairman ron wydenArizona senator kyrsten sinemaVice president kamala harris

Democrats detail billionaire tax to fund Biden spending plan

About 700 taxpayers would be affected, according to a summary of the plan.

United statesRichard nealRon wydenElizabeth warrenJoe bidenKyrsten sinemaDavid gamageMark warnerKamala harrisIndiana universityRevenue serviceSenate democratsSenate finance committeePresident joe bidenSenate finance committee chairman ron wydenVice president kamala harris

Democrats Billionaire Tax Plan Puts About 700 People in Sights

The levy would apply to taxpayers who for 3 years have had assets worth at least $1 billion or have earned at least $100 million 3 years in a row.

United statesRichard nealRon wydenElizabeth warrenJosh wingroveErik wassonJoe bidenKyrsten sinemaDavid gamageMark warnerChris murphyBen stevermanKamala harrisIndiana universityRevenue serviceSenate finance committee

Democrats tax on billionaires targets about 700 people

Senate Democrats detailed their proposed levy on billionaires, a new approach to taxation lawmakers hope will fund proposed social spending.

United statesRichard nealRon wydenElizabeth warrenJoe bidenKyrsten sinemaDavid gamageMark warnerChris murphyKamala harrisIndiana universityRevenue serviceSenate democratsSenate finance committeePresident joe bidenSenate finance committee chairman ron wyden

What the Top 10 Billionaires Would Owe Under Democrats Tax Plan

Democrats are targeting 700 or so billionaires and economist Gabriel Zucman has calculated what the US and the world's richest would pay.

United statesWhite houseDistrict of columbiaWest virginiaRon wydenTim kaineJeff bezosJoe bidenKyrsten sinemaDavid gamageElon muskGabriel zucmanJoe manchinIndiana universityTerms of serviceInstitute for policy studies

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