H.R. 2143 · 115th Congress
Donald J. Trump Wealth Tax Act of 2017
- Stage
- In committee
- Sponsor
- Juan Vargas
- Introduced
- 2017-04-25
- Latest action
- 2017-04-25 · Introduced in House
Summary
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.