US lawmakers propose a 5% annual wealth tax on billionaires; Musk could pay $42 billion in the first year.

03/03 09:55

 U.S. Senator Bernie Sanders and Representative Ro Khanna introduced a bill on Monday proposing a 5% annual wealth tax on American billionaires. According to the lawmakers, under the bill, Musk would have to pay $42 billion in taxes in the first year.

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