No More Tax-Free Lunch for Billionaires: Closing the Borrowing Loophole

Authors

Edward G. Fox, University of Michigan Law SchoolFollow
Zachary D. Liscow, University of Michigan Law School

Document Type

Article

Publication Date

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.

Comments

Reprinted with the permission of Tax Analysts

Recommended Citation

Fox, Edward Gellis and Zachary Liscow. "No More Tax-Free Lunch for Billionaires: Closing the Borrowing Loophole." Tax Notes 182 (2024): 647.