Sen. Elizabeth Warren’s (D-Mass.) has proposed a “wealth tax” on individuals with wealth valued at more than $50 million. After $1 billion in wealth, the…
Posts tagged as “marginal rates”
This campaign season in the United States is already producing some meme myths on social media. One I keep seeing is the “90% tax rate”…
NOTE August 8, 2017: The marginal and effective U.S. Tax rates mentioned in this 2011 post have been supported by research conducted by Thomas Piketty (Paris School…