Wyden Summarizes Billionaire’s Income Tax Legislation

Wyden Summarizes Billionaire’s Income Tax Legislation

U.S. Senate

U.S. Senate Finance Committee

Proposed legislation would impose a billionaire’s income tax on those with assets worth over $1 billion or those who earn at least $100 million over three preceding tax years while providing various measures to transition to the tax, Senate Finance Committee Chair Ron Wyden, D-Ore., said in an October 27 summary.

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Proposed legislation would impose a billionaire’s income tax on those with assets worth over $1 billion or those who earn at least $100 million over three preceding tax years while providing various measures to transition to the tax, Senate Finance Committee Chair Ron Wyden, D-Ore., said in an October 27 summary.

Proposed <a href="/lr/resolve//7cjy2">legislation</a> would impose a billionaire’s income tax on those with assets worth over $1 billion or those who earn at least $100 million over three preceding tax years while providing various measures to transition to the tax, Senate Finance Committee Chair Ron Wyden, D-Ore., said in an October 27 summary.