Download This PaperNo More Tax-Free Lunch for Billionaires: Closing the Borrowing Loophole
Tax Notes 2024
15 Pages Posted: 5 Mar 2024
Date Written: February 4, 2024
Abstract
In this article, Fox and Liscow propose a tax on billionaires that would impose a tax on borrowing against assets and explain how it could be designed and how it relates to other wealth tax proposals, and they consider what the potential critiques of the tax might be.
Keywords: taxation, unrealized gains, borrowing, inequality
JEL Classification: H24, G11
Suggested Citation: Suggested Citation
Fox, Edward G. and Liscow, Zachary D., No More Tax-Free Lunch for Billionaires: Closing the Borrowing Loophole (February 4, 2024). Tax Notes 2024, Available at SSRN: https://ssrn.com/abstract=4716197
Edward G. Fox
University of Michigan Law School ( email )
625 South State Street
Ann Arbor, MI 48109-1215
United States
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