Politico: Let’s Talk Wealth Tax

Steve Wamhoff at the Institute on Taxation and Economic Policy projects that a wealth tax could raise well over $1 trillion in a decade, and notes that wealth inequality far outpaces income inequality in the U.S. “The goals of raising revenue and addressing inequality will be difficult to achieve if federal tax policy continues to focus on taxing income almost exclusively,” Wamhoff writes. Read more

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