Why a Wealth Tax Would Be Terrible for American Taxpayers

A wealth tax violates the long-standing American principle that we're allowed to build wealth and grow the value of assets and that we don't pay taxes on that ...

5 reasons why a wealth tax is bad policy - The Hill

Unlike income and capital gains taxes, a wealth tax is entirely untethered from a liquidity event. “Asset-rich, cash-poor” taxpayers may be ...

The Pros and Cons of Wealth Taxes | Poole Thought Leadership

The clearest concern with this proposal is the administrative burden it would put on taxpayers and the taxing authority. Most notably, it's ...

The Wealth Tax Is A Poor Idea - Hoover Institution

It should not, however, require this large a dose of reality to warn progressive states off yet another institutional blunder. The effort to ...

What is a Wealth Tax, and Should the United States Have One?

Wealthy families also have substantial flexibility in their mobility, so critics predict that a wealth tax could drive America's fortunes out of ...

The U.S. Needs a Federal Wealth Tax - ITEP

An individual cannot shield assets from the estate tax by holding them offshore, and the same would be true of the wealth tax. Taxpayers with ...

Is a wealth tax reasonable? Would you want one in the US? - Reddit

Wealth taxes to me are unconstitutional based on the 16th Amendment, facilitate capital flight, can be hard to measure, and have dubious economic impact.

Wealth and Taxes | Cato Institute

If you consume money fast rather than invest it, you save a bundle of wealth taxes. People react to a tax on rates of return by saving less and ...

The Wealth Tax is a Terrible Idea - Joe Lonsdale

A wealth tax would distort the incentives that foster economic growth, hurting the most innovative part of America's economy and securing the ...

The High Cost of Wealth Taxes - Tax Foundation

A 5 percent annual wealth tax would equal a 100 percent income tax rate because the wealth tax would take all this taxpayer's capital income.

'Why we need a wealth tax' | Free Lunch on Film - YouTube

A well-designed net wealth tax can raise revenue and tackle inequality, argues the FT's Martin Sandbu. But critics say a wealth tax is hard ...

The Wealth Tax is a Terrible Idea - Joe Lonsdale

A wealth tax would amplify the risks already associated with volatile startup valuations. Taxes levied on valuations of private companies would ...

What's Wrong With the American Tax System - Investopedia

Many U.S. taxpayers share the view that all corporations and individuals should pay their fair share of taxes and some believe some corporations and the wealthy ...

Taxing the Superrich - Boston Review

Just as a well-functioning income tax should treat all income equally, a good wealth tax should treat all assets in the same way, at their current market value.

Who Pays? 7th Edition - ITEP

On average, the lowest-income 20 percent of taxpayers face a state and local tax rate nearly 60 percent higher than the top 1 percent of households. The ...

A Wealth Tax Reality Check - Econlib

Political support for a wealth tax appears to be built on two incorrect presumptions: First, wealthy Americans pay precious little income taxes ...

Why is it so difficult for the U.S. to implement a wealth tax?

Some experts say that it would be difficult to implement one effectively, both because of the US tax code and because of lobbying efforts by the ultrawealthy.

Why a Wealth Tax Would Be Terrible for American Taxpayers

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$5 Trillion List of Tax Hikes Kamala Harris Just Endorsed

The Harris capital gains tax burden would kill jobs and growth and hurt America's competitiveness. China has a 20% capital gains tax. The ...

Taxing unrealized capital gains is a terrible idea

Capital gains taxes are already higher than effective tax rates for most taxpayers, And a large percentage of those capital 'gains' being taxed ...