Lee’s proposal would apply to individuals with a net worth of $50 million or more, taxing their wealth at 1% annually. Opponents say it will drive wealthy taxpayers out, but the research isn’t conclusive.
Lee’s proposal would apply to individuals with a net worth of $50 million or more, taxing their wealth at 1% annually. Opponents say it will drive wealthy taxpayers out, but the research isn’t conclusive.
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