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Strategies & Market Trends : World Outlook

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To: Les H who wrote (47767)	9/18/2025 10:33:53 AM
From: Les H	Read Replies (1) of 48991

Most Of Billionaires’ $7.6 Trillion Has Never Been Taxed September 17, 2025 Total Billionaire Wealth Is Up 160% Since First Trump Tax Law; Proposed New Levy Would Finally Tax Unrealized Gains of the Wealthiest American billionaires reached a record breaking $7.6 trillion of personal wealth as of Labor Day 2025, up $4.7 trillion (or 160%) in the less than eight years since the first Trump-GOP tax law was enacted in December 2017, according to the latest billionaires report from Americans for Tax Fairness (ATF) based on Forbes data. Most of that wealth increase ( an estimated 56%, or $4.2 trillion) has never been taxed and may never be under current law. But key Democrats, Senator Ron Wyden (D-OR), Rep. Steve Cohen (D-TN), and Rep. Donald Beyer (D-VA) are introducing a major overhaul in the tax code which would finally end that injustice by taxing billionaire wealth gains as they are made. americansfortaxfairness.org The easiest way would've been to calculate the capital gains tax based on total income not just earned income so that dividends, capital gains, etc. Then we wouldn't have people like Warren Buffett crowing about paying themselves a salary in the lowest tax brackets to qualify for a 0% capital gains tax. The stock market is growing much faster than salaries historically, enjoys the support of the government and the central bank, and would've made sense to treat it like other income.

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