Tax A Billionaire, Raise Some Cash? It’s An Idea Washington State Democrats Are Floating

By Austin Jenkins
Forbes tracks the world's billionaires in almost real time. Now, a group of Washington House Democrats want to impose a wealth tax on Washington's billionaires.
Washington billionaires would pay a “wealth tax” under a proposal in the state House that will get a public hearing on Tuesday. The bill is sponsored by Democratic state Rep. Noel Frame, who chairs the House Finance Committee, and would impose a one percent tax on intangible financial property, such as stocks and bonds, futures contracts and publicly traded options. A Read More
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