Wealth Tax

The Trump administration is reportedly contemplating a tax increase for the wealthiest Americans. The move is seen as a strategic approach to fund other policy priorities. What Happened: White House officials are in talks about the potential of raising the income tax rate for the highest earners,...

An increasing number of billionaires are embracing the viewpoint advocated by Microsoft co-founder Bill Gates, who has called for increased taxation of the super-wealthy. During Gates' annual "Ask Me Anything" session on Reddit last year, he said ultra-wealthy individuals...

A new bill proposed in the state of California could target the billionaires who live in the state and those who have since relocated. The bill could be aimed at Tesla CEO Elon Musk, who made a very public move of himself and Tesla headquarters to the state of Texas. What Happened: In...

Sen. Elizabeth Warren is proposing a wealth tax that would add a new tax on everyone with a net worth of more than $50 million, but she might face one major hurdle: "it probably is not legal," billionaire investor Leon Cooperman said on CNBC's "Squawk Box." What Happened:...

U.S. Sen. Elizabeth Warren is spearheading a Democratic wealth tax proposal this week that could potentially generate $3 trillion in tax revenue from the wealthiest Americans over a decade. The Numbers: Warren has proposed a 2% wealth tax on Americans who have at least $50 million in wealth....

Elizabeth Warren's plan for a 2% tax on wealth over $50 billion is unworkable, over-reaching, and morally wrong, if you listen to a trio of people who'd have to pay it. Warren has proposed paying for a Medicare for All health care system by putting a 2% tax on wealth over $50 billion and an...

Multiple high-profile Democrats, including rookie Congresswoman Alexandria Ocasio-Cortez and presidential candidate and Massachusetts Sen. Elizabeth Warren, are calling for higher taxes. In a Monday debate on CNBC's "Squawk Box" segment, the show's co-host...