S 4246 · 119th Congress

Ultra-Millionaire Tax Act of 2026

This bill creates a new wealth tax on ultra-wealthy Americans. Starting in 2027, individuals with more than $50 million in assets would pay a 2% annual tax on the value of their wealth above that threshold. For those with assets exceeding $1 billion, the tax rate jumps to 3% on amounts above that level. However, if…

Sponsor

Warren, Elizabeth (D-Massachusetts)

Introduced

2026-03-26

Policy area

Taxation