Why Biden's Billionaire Tax is Dead on Arrival

Many are fearful about the potential for an unrealized gains tax to get approved in the United States. However, this proposal is almost certainly dead on arrival. Given how taxes are allowed by the constitution, there are only certain ways the government can tax individuals. Because of this, the chances something like this happens in the US are very slim.

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Sources:
https://www.heritage.org/taxes/commentary/another-unconstitutional-wealth-tax
https://westportlibrary.libguides.com/SixteenthAmendment

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