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The fairness of the U.S. tax system, especially concerning billionaires, has recently been a topic of heated debate. In his State of the Union address on March 7, President Joe Biden highlighted ...
Billionaires around the world are expected to transfer $6.3 trillion over the next 15 years, according to UBS. In the U.S. specifically, over the next 25 years, the top 1.5% of households are ...
A viral claim relies on a misleading definition of income.
The Global Tax Evasion Report revealed that billionaires across the world pay just 0% to 0.5% of their wealth in taxes, the International Consortium of Investigative Journalists reported.
The proposal that would target billionaires is out, Richard Neal told Bloomberg, but Ron Wyden told Insider: "I'm not saying that it's dead!"
The global minimum tax on billionaires is a proposal by EU TAX put forward by UC Berkeley economist Gabriel Zucman to the G20. It is supported by the Brazilian and French presidents, Lula and Emmanuel Macron, and by ministers from South Africa, Spain, France and Germany. [ 1 ]
President Biden, introducing his billionaires tax. Biden has now made it mainstream, though his plan is somewhat more modest than the others — his proposal for a wealth tax would raise about ...
The super-wealthy are criticized by some, but two academics say many billionaires become rich by improving people's lives and expanding the economy. Billionaires aren't all bad — and taxing them ...