Analyst: New Tax May Mean Wealth Exits US

Paul Greaney
By Paul Greaney
March 28, 2022NTD Business

President Joe Biden is proposing what he calls a new, minimum income tax for billionaires. Basically, anyone with a net worth over $100 million must pay at least 20 percent of their income, which will include unrealized gains. NTD spoke with Garrett Watson, a senior policy analyst at Tax Foundation on what he expects to happen if this new tax comes in.

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