The Hill: Warren Stakes out Ground with Wealth Tax Proposal

Steve Wamhoff, director of tax policy at the Institute on Taxation and Economic Policy, said middle-income Americans are essentially already taxed on their wealth because most of it is in their homes, which come with property taxes. For the rich, however, homes tend to comprise a smaller percentage of their financial assets.

Warren’s proposal would ensure that the wealth of the high net worth taxpayer is treated the same as the wealth of the middle class, Wamhoff said. Read more