November 27, 2021

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Democrats’ billionaire tax would heavily target 10 wealthiest Americans, but alternative plan is emerging – The Washington Post

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Figures for how much the tax would raise over 10 years range from between $250 billion and upward of $500 billion. But roughly half of its potential new revenue would likely be paid by just the 10 wealthiest Americans, including Musk, Bezos, Bill Gates, Mark Zuckerberg, and Warren Buffett, according to an estimate by Gabriel Zucman, an economist at the University of California Berkeley. Several other tax experts supported his broad conclusions.

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