Too Rosy? Experts Question Warren’s Wealth Tax Figures

At the heart of Warren’s raft of policy proposals is a 2% fee on fortunes greater than $50 million, a wealth tax designed to target the nation’s top 0.1% of households.  But interviews with a dozen economists and tax experts from across the political spectrum point to divisions about how much money a wealth tax would raise. Some of those who laud the principles behind Warren’s wealth tax questioned whether the IRS could collect the tax as effectively as the campaign projects. That skepticism illustrates the challenge Warren would face in trying to execute on an idea she has called a top early priority if she’s elected.

The wealth tax isn’t the only idea Warren has proposed to help fund her priorities. She’s also pitched a 7% tax on corporate profits greater than $100 million.