HR 7749 · 118th Congress
Ultra-Millionaire Tax Act of 2024
<p><strong>Ultra-Millionaire Tax Act of 2024 </strong></p><p>This bill imposes a tax on the net value of all taxable assets of a taxpayer on the last day of any calendar year (i.e., a wealth tax). The amount of such tax is equal to the sum of 2% of the amount of taxpayer assets exceeding $50 million, but not in…
- Introduced
- 2024-03-20
- Policy area
- Taxation
- Latest action
- Referred to the House Committee on Ways and Means.
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