billionaire minimum income tax

INSTITUTE INDEX: Will Congress fairly tax the ultra-rich?

By Sue Sturgis
April 8, 2022 - The U.S. is home to over 730 billionaires, with over 140 living in Southern states. The new budget proposal from President Biden calls on Congress to pass what's being called a "Billionaire Minimum Income Tax" that would levy annual gains in stocks and other assets held by the richest .01% — assets that are not taxed at all now unless they're sold.