Politico, March 26, 2022, Biden to propose new tax on the uber rich
President Joe Biden intends to propose a new type of wealth tax as part of his upcoming budget request, a plan that’s sure to revive the debate in Washington over taxing the richest-of-the rich.
He wants to require them to pay at least 20 percent in taxes on a combination of both their income and their unrealized gains in things like their stock portfolios, something that is not currently taxed.
