wealth tax

noun

1. a tax on personal property; capital levy

Example Sentences

“A wealth tax is not part of the conversation,” the governor asserted in 2023.

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In addition to the wealth tax, the union has filed two statewide initiatives for next November’s ballot that would cap hospital executives’ pay at $450,000 and compel clinics that serve mostly low-income patients to spend at least 90% of their total revenue on “direct patient care and mission-related services.”

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They sought to enact a wealth tax in 2021 to finance Joe Biden’s Build Back Better bill, and it might have passed if not for opposition from Democrats Kyrsten Sinema and Joe Manchin, who are no longer in the Senate.

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Mr. Newsom might not want a state wealth tax stalking his presidential bid, but would he oppose a national one if he wins?

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Mr. Regan’s Service Employees International Union-United Healthcare Workers West last week submitted to the state attorney general a ballot initiative for the November 2026 election that would impose a one-time 5% wealth tax on California residents with more than $1 billion in net worth.

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