"With a 2-cent Ultra-Millionaire Tax on every dollar of wealth above $50 million—and another penny on every dollar above $1 billion—we can invest in opportunity for all of our kids," notes Sen. Elizabeth Warren.
A lot of this will be in stocks though, not money in the bank. So how would that work? They have to sell 2-3% of their stocks every year to pay this tax?
A lot of this will be in stocks though, not money in the bank. So how would that work? They have to sell 2-3% of their stocks every year to pay this tax?