Senator Bernie Sanders and Representative Ro Khanna introduced a new bill that would establish a 5% federal tax on the uber-wealthy, which would fund a $3,000 direct payment to Americans ...

Hiking taxes on billionaires is regressive in the long run, as it will impoverish Americans by reducing investment and ...

Backers project, based on Forbes’ billionaires list, that the tax would raise $4.4 trillion over ten years for childcare, housing and a $3,000 per person check to many Americans.

Sanders and Khanna’s 5% billionaire wealth tax promises trillions in revenue, but constitutional hurdles, valuation disputes, ...

Progressive lawmakers Bernie Sanders and Ro Khanna unveil a 5% annual wealth tax on billionaires' assets exceeding $1 billion ...

Sen. Bernie Sanders (I-Vt.) has teamed up with Rep. Ro Khanna (D-Calif.) to propose a 5 percent annual wealth tax on the nation’s billionaires that would raise an estimated $4.4 trillion over the ...

Calif., announced new legislation on Monday designed to establish a wealth tax on American billionaires. “At a time of unprecedented income and wealth inequality, this legislation demands that the ...

The mere threat of a ballot initiative to impose a one-time wealth tax in California has billionaires fleeing to other states. Of course, the solution from Sen. Bernie Sanders (I-Vermont) is to ...

The billionaire tax legislation would impose a 5% annual wealth tax on just under 1,000 of the wealthiest people in the country.

Legislation introduced on Monday would impose a 5 percent annual wealth tax on America's billionaires, generating a hefty payment for millions of families if passed.

California billionaires are already concerned about by a state-level wealth tax being proposed in the Golden State.

In Switzerland, a study found that a 0.1 percentage point increase in a canton’s wealth tax reduces taxable wealth by 3.5%. In Norway, an increase in the wealth tax prompted more ultra-wealthy ...