Sen. Warren on wealth tax: ‘I think most people would rather be rich’ and pay 2 or 3 cents more
- Sen. Elizabeth Warren’s latest wealth-tax proposal calls for an annual tax of 2%, or 2 cents, on every dollar of people’s wealth worth above $50 million.
- Individuals with fortunes worth more than $1 billion would face an annual tax of 3%, or 3 cents, on every dollar above that threshold.