A Congressman from New York is proposing a “Patriot Tax” for wealthy Americans.
Rep. Thomas Suozzi (D-NY) explained during an <a href="https://thehill.com/policy/finance/558263-exclusive-democrat-exploring-patriot-tax-on-multimillionaires-wealth?rl=1">interview</a> with The Hill that his “Patriot Tax” would force Americans to pay a one-time, 2.5% tax on wealth between $50 million and $100 million. Meanwhile, those with wealth above $100 million would pay 5%. The proposal would allow taxpayers to make payments over the course of five years.

Democratic Congressman Wants ‘Patriot Tax’ For Wealthy Americans

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Democratic Congressman Wants ‘Patriot Tax’ For Wealthy Americans