US’s Wealthiest Collectively Held $8.5 Trillion in Untaxed Assets in 2022

“This is why we need a billionaire income tax,” Americans for Tax Fairness said.

An analysis released Wednesday shows that in 2022, the wealthiest people in the United States collectively held a “staggering” $8.5 trillion in wealth that is not — and might never be — subject to taxation. Examining recently released data Federal Reserve data for 2022, Americans for Tax Fairness (ATF) found that the roughly 64,000 U.S. households with at least $100 million in wealth — less than 0.

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This post was originally published on Latest – Truthout.


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Jake Johnson | radiofree.asia (2024-05-10T10:54:59+00:00) » US’s Wealthiest Collectively Held $8.5 Trillion in Untaxed Assets in 2022. Retrieved from https://radiofree.asia/2024/01/04/uss-wealthiest-collectively-held-8-5-trillion-in-untaxed-assets-in-2022/.
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" » US’s Wealthiest Collectively Held $8.5 Trillion in Untaxed Assets in 2022." Jake Johnson | radiofree.asia [Online]. Available: https://radiofree.asia/2024/01/04/uss-wealthiest-collectively-held-8-5-trillion-in-untaxed-assets-in-2022/. [Accessed: 2024-05-10T10:54:59+00:00]
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» US’s Wealthiest Collectively Held $8.5 Trillion in Untaxed Assets in 2022 | Jake Johnson | radiofree.asia | https://radiofree.asia/2024/01/04/uss-wealthiest-collectively-held-8-5-trillion-in-untaxed-assets-in-2022/ | 2024-05-10T10:54:59+00:00
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