Wall Street

What is a Wealth Tax?

Published by
The Street

By TurboTax How does a wealth tax work? Does one exist in the United States? Find out what this tax consists of and how it may affect what you pay. It’s likely you’ve heard the term “wealth tax” on the news over the past few years. In the discussions leading up to recent federal elections, some candidates often explained the pros and cons of this tax, in which they proposed collecting from the wealthiest Americans. Let’s take a closer look at what a tax on the wealthy would mean for U.S. taxpayers. What is a tax on the wealthy?A wealth tax — also commonly referred to as capital tax, equity tax…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street