Biden's billionaire tax is 'dead on arrival' in Congress, top Wall Street backers and Democratic strategists say

cross-posted from: https://exploding-heads.com/post/81914

The plan would require households with a net worth above $100 million to pay a minimum annual tax of 20% on both their standard taxable income and on gains in the total value of their “tradable assets,” which includes stocks, bonds, mutual funds and other securities.