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- Title
We Must Raise Taxes on the Rich-A Critical Review of Tax the Rich! and the Patriotic Millionaires.
- Authors
Conklin, Michael
- Abstract
This third option is even more likely when one considers the authors' support for a 3% wealth tax.[41] Here, even after a lucrative 8% return, the rich person would experience a net loss of $24,000 after capital gains taxes and the first year's wealth tax.[42] Of course, even this argument would likely not cause the Patriotic Millionaires difficulties. Missing Information Given the singular focus of the book to increase taxes on the rich, it is a glaring omission to never mention how much the rich pay in taxes. We Must Raise Taxes on the Rich-A Critical Review of Tax the Rich!.
- Subjects
TAX auditing; CAPITAL gains; TAXATION; MILLIONAIRES; TAX rates; WEALTH tax; CAPITAL levy
- Publication
ABA Tax Times, 2022, Vol 41, Issue 2, p39
- ISSN
2381-5868
- Publication type
Article