millionaire tax
Rich people's surcharge
A millionaire tax is a proposed or enacted tax targeting individuals with income or wealth above a high threshold—typically one million dollars or more annually.
The term appears in political debates about progressive taxation and wealth inequality: The governor is pushing a millionaire tax to fund public schools.
Despite the name, the threshold varies by proposal and may apply to those earning significantly more or less than a million.
- wealthAbundance of valuable resources
- billionairePerson worth ten figures
- loopholeExploitable gap in rules
- estateProperty and grounds
- inheritanceProperty received from ancestors
progressive · bracket · revenue · fairness · luxury · offshore · Cayman Islands · Panama Papers · redistribution · inequality · fair share · hedge fund · capital gains · yacht · mansion · trust fund · Warren Buffett · philanthropy
millionaire taxregressive tax
Levy hitting poor hardest
flat tax · poll tax · head tax · sales tax · consumption tax
millionaire taxpoor tax
Cost of being broke
tax cut · tax relief · tax exemption · wage tax · tax holiday
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