<p>Report Estimates Revenue From Taxing Wealth </p>

Report Estimates Revenue From Taxing Wealth

Institute for Policy Studies

Oxfam

Patriotic Millionaires

An annual global wealth tax of 2 percent for those making $5 million or more, 3 percent for $50 million or more, and 5 percent for $1 billion or more is estimated to generate as much as $2.52 trillion a year, according to a report released January 18 by the Fight Inequality Alliance, the Institute for Policy Studies, Oxfam, and Patriotic Millionaires. 

<p>An annual global wealth tax of 2 percent for those making $5 million or more, 3 percent for $50 million or more, and 5 percent for $1 billion or more is estimated to generate as much as $2.52 trillion a year, according to a report released January 18 by the Fight Inequality Alliance, the Institute for Policy Studies, Oxfam, and Patriotic Millionaires. </p>