How Would Elizabeth Warren's Wealth Tax Work?
Former presidential candidate Sen. Elizabeth Warren (D-Mass.) proposed an annual wealth tax that would impact those with over $50 million in assets. Although there's much debate over the effectiveness of a wealth tax, there's one thing we know for sure: It would be a big shift in U.S. tax policy.
A wealth tax is completely different than an income tax, but both aim to increase the amount of taxes paid by those who are well-off. As policymakers dive deeper into the ability to raise revenue by targeting wealthy individuals, the big question still remains: Is a wealth tax the solution to closing the nation's wealth gap? Here's what Elizabeth Warren has to say about this.
Source Fool.com
