The accelerating gap in both income and wealth inequality has attracted discussion along the 2020 presidential campaign trail as well as in the popular press. The top 1 percent of income earners owns 22 percent of national income.1 The richest 5 percent of wealth holders owns two-thirds of America’s wealth.2 Senator Elizabeth Warren (D-Mass.) has proposed a tax of 2 percent on wealth over $50 million and 3 percent on assets over $100 million.3 Representative
The Wealth Tax as The Trojan Horse to Curtail Charitable Incentives?
Christopher P. Woehrle examines Congressional proposals to determine their feasibility of design and implementation and projects the implications to charitable giving.