It's strange that eliminating the estate tax, which provides <1% of tax revenue, is a "radical" move but 70% top marginal rates + an unprecedented and likely unconstitutional wealth tax are not, at least in the eyes of their most vocal econ proponents.https://t.co/gBr7cTTKSq
— Phil Magness (@PhilWMagness) February 3, 2019
Sunday, February 03, 2019
It's strange that eliminating the estate tax, which provides Less Than 1% of tax revenue, is a "radical" move but 70% top marginal rates + an unprecedented and likely unconstitutional wealth tax are not, at least in the eyes of their most vocal econ proponents.
The Tax Foundation