The Biden administration is proposing a new wealth tax targeting Americans with a net worth of $100 million or more. Under the proposed plan, these high-net-worth individuals would be required to pay a 25% tax on their wealth.
Yahoo Finance's Rebecca Chen breaks down the details, discussing how wealthy individuals often avoid paying higher tax rates.
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#biden #wealth #yahoofinance
Yahoo Finance's Rebecca Chen breaks down the details, discussing how wealthy individuals often avoid paying higher tax rates.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
#biden #wealth #yahoofinance
