State Wealth Taxes Target Family-Owned Businesses
Shark Tank’s Kevin O’Leary went on CNN last week and made the case for how the policies in some states are making them “uninvestable.” Not sure that’s a word, but he has a point. It’s worth watching.
What sort of policies is he talking about? Wealth taxes, for one. The topic of wealth taxes at the state level has been top of mind since January when, as part of a coordinated effort, lawmakers in numerous states introduced a series of related bills, including:
- California (A.B. 259): A 1.5 percent …