HR 2143 · 115th Congress · Taxation

Donald J. Trump Wealth Tax Act of 2017

Introduced 2017-04-25· Sponsored by Rep. Vargas, Juan [D-CA-51]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2017-04-25)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. DeSaulnier, Mark [D-CA-11]CA