Learn how to make a lot of money online!!!: Can you afford this thing?:
How to lose 30 lbs in 30 days:
Software at the best prices:
A majority of Americans support a wealth tax on the richest Americans, a new Reuters/Ipsos poll has found. According to the survey released Friday, 64 percent of U. S. adults strongly or somewhat agreed with the proposition that "the very rich should contribute an extra share of their total wealth each year to support public programs."Although not identical, these trends largely held true along party lines. While 77 percent of Democrats supported the idea, a 53-percent majority of Republicans backed it as well. Republican political leadership has traditionally been skeptical of proposals increasing taxation on the wealthiest Americans. President Donald Trump disparaged a leading proposal from Senator Elizabeth Warren, one of the current front-runners in the Democratic Party's presidential primary, to levy a small tax on the wealth of Americans worth over $50 billion."You're not going to vote for the wealth tax. Yeah, let's take 100 percent of your wealth away," the president said in a speech to the Israeli-American Council in December. "Even if you don't like me, some of you don't. Some of you I don't like at all actually, and you're going to be my biggest supporters because you'll be out of business in about 15 minutes if they get it."Trump himself has proven to be curious about a wealth tax, at least before he clinched the Republican presidential nomination almost four years ago. In 1999, he proposed a one-time 14.25 percent tax on fortunes over $10 million. Warren's plan would extract two cents from every dollar on just the portions of individual fortunes exceeding $50 million. On the portions of assets worth over $1 billion, the tax would be raised to 6 percent. Her campaign estimates that the tax would only impact 75,000 households and could generate as much as $3.75 trillion in revenue over a decade. Senator Bernie Sanders has also proposed an analogous wealth tax, although it has been estimated to generate more than $1.5 trillion above Warren's plan over 10 years. The Reuters/Ipsos poll found that the overall trend supporting a wealth tax held true across all age groups. In addition, 54 percent of Americans disagree with the notion that wealthy individuals should be allowed to keep their money "even if" that leads to greater economic inequality. While among the most ambitious plans to tackle inequality beyond income, Warren's proposed wealth tax has produced research casting doubt on some of its largest promises. A December study from the Wharton School at the University of Pennsylvania found that Warren's plan might only generate as much as $2.7 trillion over 10 years, one trillion below her campaign's rosiest estimates. In a statement at the time, Saloni Sharma, a campaign spokesperson, called the study's methodology "unsupportable."In a preliminary assessment in November, Wharton also projected that imposing Warren's wealth tax could slow economic growth by 0.2 percentage points each year over a decade. Notwithstanding any of the
All data is taken from the source:
Article Link:
#tax #newsoftheday #newsreporterdancing #news #americannews #usnews #usanews
Majority Say There Should Be a Wealth Tax on the Richest Americans, Poll:
0 Comments