The Latest on Wealth Taxes
From SML Planning Minute by Security Mutual Life Advanced Markets Team
May 12, 2026 · 7 min · Episode 383
About this episode
This episode discusses the rising interest in wealth taxes among state legislatures as a means to address public budget concerns.
The Latest on Wealth Taxes Episode 383 – The concept of a wealth tax—applying a tax to the value of someone’s assets—has become popular in some state legislatures in the last few years. Are they likely to catch on anytime soon? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 383 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute . In today’s episode: the latest on wealth taxes. Public budget concerns seem to be everywhere, and state governments are no exception. The problem has gotten worse in the past few years because, in some cases, states would like to continue programs that were started with federal COVID spending that has since run out. [1] So, what’s left for a state to do? Some are taking a look at so-called “wealth taxes” as a way to raise revenue. The appeal of wealth taxes is that, in theory, a state government can raise significant sums of money while affecting only a small slice of its population. A wealth tax takes a completely different approach from a sales, income or estate tax. It’s a tax imposed on someone’s net worth, that is, the total market value of their assets minus liabilities. [2]…
People in this episode
Host: Bill Rainaldi
Topics covered
- wealth tax
- state legislation
- revenue generation
- public budget
- COVID spending
Keywords
- wealth tax
- assets
- net worth
- state governments
- revenue
- taxation
Mentioned in this episode
Organizations: Security Mutual Life
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