WSJ: Elizabeth Warren’s Plan Would Bring Tax Rates Over 150% For Some | WHAT REALLY HAPPENED

WSJ: Elizabeth Warren’s Plan Would Bring Tax Rates Over 150% For Some

Presidential hopeful proposes wealth tax and levy on unrealized gains, a combination that could alter investing.

Democratic presidential candidate Elizabeth Warren has unveiled sweeping tax proposals that would push federal tax rates on some billionaires and multimillionaires above 100%.

That prospect raises questions for taxpayers and the broader economy that experts are starting to ponder: Under which circumstances would taxpayers have to pay those rates? How might that change their behavior? And would investment and economic growth suffer?

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