According to the article, Bill Gates is worth around $107 billion.
Under Warren’s plan he would pay a 2021 wealth tax of $107 billion x 0.06 = $6.4 billion. This would of course be on top of any other other taxes he might be paying.
Did you get that, Bill? Please don’t complain. Just write that check for $6.4 billion. Sen. Warren will spend your money wisely. That’s one thing I’m sure of.
That’s 6.4 billion a year in wealth tax—if his wealth remains constant.
The wealth tax ain’t a one time thing.