A group of American senators led by Elizabeth Warren proposed to introduce a tax in the country for the super-rich. For billionaires in the United States, the initiative could result in multibillion-dollar annual tax payments. Bloomberg reports.
Senators are proposing to force all households with a combined annual income in the range of $ 50 million to $ 1 billion to pay a 2 percent tax. If income exceeds $ 1 billion, then you will have to pay tax of 3 percent. According to the authors of the initiative, such fees will make the economy more equitable and allow the treasury to collect an additional $ 3 trillion in taxes over 10 years.
“Influential and ultra-rich Americans have subjugated the laws so much that 0.1 percent of the highest-income population has a tax rate lower than 99 percent of the remaining taxpayers. And this despite the fact that the fortune of billionaires during the pandemic has increased by 40 percent, “Warren said. The agency noted that, despite the data provided, the senator’s proposal is unlikely to receive sufficient support, as well as previous similar initiatives that Warren put forward.
Meanwhile, Bloomberg calculated that if the law were passed, the 100 richest Americans would have to pay $ 78 billion in taxes in 2021. Amazon founder and richest man on the planet Jeff Bezos would have to pay at least $ 5.4 billion, Tesla CEO Elon Musk, Bloomberg Billionaires Index # 2, $ 5.2 billion, Microsoft founder and third richest man in the world Bill Gates – $ 4 billion.