Opening Word document…
Estate tax proves its easy
Arrington 21
(Katherine, Arrington: Defending the Wealth Tax The Dartmouth: Dartmouth College University Wire 3-8)
Another common issue with wealth taxes is enforcement. Nonmonetary assets such as businesses, art and property can be hard to value, thus creating issues in quantifying the exact tax owed. Warren's plan, however, has already addressed this issue, utilizing the precedent set by estate taxes. After death, all of a person's wealth is valued and then taxed. Warren proposes that the same established process be replicated for the wealth tax.
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