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Proposed Billionaire Tax: A First Step?
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Bipartisan Tax Proposal for Relief and E...
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Overview
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Senator Wyden proposes new taxes targeting the wealthy, including a wealth tax and a plan to eliminate mark-to-market rules for assets held in trust. The proposal has constitutional implications and may not be enacted until 2024, giving taxpayers limited time to plan.
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How might the proposed billionaire tax impact the wealth distribution and economic inequality?
What are the potential consequences of the limited time for taxpayers to plan in response to the proposed tax changes?
What strategies could wealthy individuals adopt in response to the proposed tax changes?
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