Americans, like people from other countries, will always try their best to pay as little tax as possible. All of us are guilty of that. If a wealth tax is implemented in the US, the rich Americans will just look for more loopholes or strategies like parking their wealth in tax havens overseas to escape paying more tax. read more
There are already several Asset Taxes commonly implemented in the USA: 1. Property Tax 2. Estate Tax 3. from 1991 to 2000, there was Luxury tax. read more
Taxes have always been politicized. In modern times, no election passes without each campaign's position on taxes being thoroughly scrutinized. And with economic inequality now at the heart of so much political debate, taxes have become an even more polarizing subject. read more