To impose a net worth tax of 14.25 percent on all individuals and trusts with a net worth of $10,000,000 or more.

USA115^th CongressHR-2143| House

| Updated: 4/25/2017

Donald J. Trump Wealth Tax Act of 2017 This bill imposes a 14.25% tax on any U.S. citizen, resident, or applicable trust with a net worth that exceeds $10 million. The tax applies to the portion of the net worth that exceeds $10 million, excluding the value of any principal residence and its indebtedness.

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Taxation

General taxation mattersTax reform and tax simplification

To impose a net worth tax of 14.25 percent on all individuals and trusts with a net worth of $10,000,000 or more.

USA115^th CongressHR-2143| House

| Updated: 4/25/2017

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Juan Vargas

Democratic Representative

California

Cosponsors (1)

Mark DeSaulnier (Democratic)

Ways and Means Committee

Taxation

Introduced
In Committee
On Floor
Passed Chamber
Enacted

General taxation mattersTax reform and tax simplification

To impose a net worth tax of 14.25 percent on all individuals and trusts with a net worth of $10,000,000 or more.

Suggested Questions

Taxation

To impose a net worth tax of 14.25 percent on all individuals and trusts with a net worth of $10,000,000 or more.

Suggested Questions

Juan Vargas

Ways and Means Committee

Taxation

To impose a net worth tax of 14.25 percent on all individuals and trusts with a net worth of $10,000,000 or more.

Suggested Questions

Taxation

To impose a net worth tax of 14.25 percent on all individuals and trusts with a net worth of $10,000,000 or more.

Suggested Questions

Juan Vargas

Ways and Means Committee

Taxation