The 15 richest Americans would contribute about a third of the tax, two tax groups said. US billionaires would have paid a combined $114 billion for 2020 under an "ultra-millionaire" tax that Sen. Elizabeth...
- Entrepreneur - Grace Dean
- By Business Insider
The bill, called the Ultra-Millionaire Tax Act, would apply an annual 2% tax on individual net worth between $50 million and $1 billion. Individuals would owe an annual 3% tax on net worth above $1 billion. 💰Here are the details of Warren's proposed tax.