Summary

                            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.

Introduced in House
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.



                        

Actions

  • Referred to the House Committee on Ways and Means.

    Apr 25th, 2017
  • Introduced in House

    Apr 25th, 2017
  • Introduced in House

    Apr 25th, 2017