New York Times Quotes Beth Kaufman on Senator Warren's Plan to Tax the Wealthy
Senator Elizabeth Warren has embraced – as part of her presidential campaign – a new wealth tax where the government would tax accumulated wealth, shifting the burden of paying for government toward families that have accumulated fortunes in the hundreds of millions or billions of dollars. ''Presumably, a wealth tax would apply to the same sort of base [as the estate tax], except that it would be annual rather than just when a person dies,'' said Beth Shapiro Kaufman, an [estate planning] lawyer at Caplin & Drysdale.
For the full article, please visit The New York Times’ website (subscription required).
Excerpt taken from the article “A Plan to Tax the Wealth of the Superrich May Be Better on Paper Than in Practice” by Neil Irwin for the New York Times.