Use This Calculator to Build Your Own Wealth Tax

February 16, 2019  —  By

In her bid for president, Democratic Sen. Elizabeth Warren recently proposed a wealth tax on the super rich (dubbed the Ultra-Millionaire Taxto combat income inequality. Her plan calls for a two percent tax on those with a net worth over $50 million, and a three percent tax on those with assets topping $1 billion.

What’s unique about this tax on the very rich is that it’s not just on income, but rather all assets: Stock, real estate holdings, paintings, trust fund, what have you.

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