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The Wall Street Publication > Blog > Markets > Why the Billionaires’ Tax Matters to You, Too
Markets

Why the Billionaires’ Tax Matters to You, Too

Editorial Board Published November 5, 2021
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Why the Billionaires’ Tax Matters to You, Too
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A new tax on billionaires died in Congress almost as soon as it was proposed late last month, but don’t underestimate its significance.

The levy, sponsored by Senate Finance Committee Chairman Ron Wyden (D., Ore.), would have imposed annual capital-gains taxes on about 700 of the wealthiest Americans.

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