Business, Management and Accounting
4 years ago

Wealth Tax Reform: Restoring Equity and Raising Revenue from the Wealthy

How to Measure and Value Wealth for a Federal Wealth Tax Reform
David Gamage, Ari D. Glogower, Kitty Richards

Paper Summary

Related papers

Business, Management and Accounting
3 years ago

Choosing between Capital Income and Wealth Taxes: Impact on Inequality

Tax Avoidance
Infrastructure Impact
Law and Economics
2 views
Business, Management and Accounting
4 years ago

New Constitutional Wealth Tax Proposal Could Revolutionize Economic Equality and Funding

Tax Avoidance
Political Thought
Law and Economics
Economics, Econometrics and Finance
4 years ago

New tax system could revolutionize wealth distribution and economic fairness.

Infrastructure Impact
Tax Avoidance
Gender Inequality
2 views

The report discusses how to measure and value taxpayers' wealth for a federal wealth tax reform. It suggests using a mix of formulaic valuations and appraisals to accurately assess wealth and prevent undervaluation. This approach may require more IRS funding and enforcement resources but could generate significant revenue from the wealthy and make the tax system fairer.