\n\n\t| S. 3956<\/a><\/td> | Make Billionaires Pay Their Fair Share Act<\/td> | The bill would impose an annual 5% tax on the net value of a taxpayer\u2019s assets exceeding $1 billion. The revenue raised from the bill would be used to provide home health care to seniors through Medicaid and reverse the OBBBA Medicaid provisions.
\n<\/td> | Sen. Bernie Sanders (I-VT)<\/td> | Senate Committee on Finance<\/td>\n<\/tr>\n |
\n\t| S. 2845<\/a><\/td> | Billionaires Income Tax Act<\/td> | Requires individuals to pay annual taxes on both realized income and unrealized gains from tradable assets. It would apply to taxpayers with more than $100 million in annual income or more than $1 billion in assets based on the average of the prior years.<\/span><\/td> | Sen. Ron Wyden (D-OR)<\/td> | Senate Committee on Finance<\/td>\n<\/tr>\n |
\n\t| S. 4196<\/a><\/td> | Strengthen Social Security by Taxing Dynastic Wealth Act<\/span><\/td> | The bill would:
\n\u2022\tIncrease the top estate and gift tax rate from 40% to 45%
\n\u2022\tLower the exemption amount from $15 million ($30 million for joint filers) to $3.5 million ($7 million for joint filers)
\n\u2022\tSet the lifetime gift exemption limit at $1 million ($2 million for joint filers)
\n\u2022\tMaintain the generation-skipping transfer tax
\n
\nRevenue collected under the bill would be deposited into a combined trust fund consisting of Social Security\u2019s two existing funds\u2014the Old-Age and Survivors Insurance (OASI) Trust Fund and the Disability Insurance (DI) Trust Fund.<\/td> | Sen. Chris Van Hollen (D-MD)<\/td> | Senate Committee on Finance<\/td>\n<\/tr>\n |
\n\t| S. 4122<\/a><\/td> | Equal Tax Act<\/td> | The bill would apply a top marginal income tax rate of 37% to investment income above $1 million. The bill would also end the stepped-up basis provision, limit like-kind exchanges on real estate, and limit the pass-through deduction for incomes over $1 million, with exemptions to protect family farms and small businesses. It is estimated to generate over $300 billion in revenue over ten years.<\/td> | Sen. Ed Markey (D-MA)<\/td> | Senate Committee on Finance<\/td>\n<\/tr>\n |
\n\t| S. 4083<\/a><\/td> | Working Americans\u2019 Tax Cut Act<\/td> | The bill would eliminate federal income taxes for workers earning at or below a \u201cliving wage\u201d (about $46,000 for single filers and $92,000 for married couples). The plan would offset the resulting revenue loss by imposing a new surtax: 5% on income above $1 million, 10% above $2 million and 12% above $5 million.<\/td> | Sen. Chris Van Hollen (D-MD)<\/td> | Senate Committee on Finance<\/td>\n<\/tr>\n |
\n\t| S. 4287<\/a><\/td> | GRATS Act<\/td> | The bill would impose stricter limits on grantor retained annuity trusts and would change the tax treatment of certain transactions between grantor trusts and their owners, with some exceptions.<\/td> | Sen. Ron Wyden (D-OR)<\/td> | Senate Committee on Finance<\/td>\n<\/tr>\n |
\n\t| S. 4279<\/a><\/td> | PPLI Abuse Act<\/td> | The bill would reclassify private placement life insurance (PPLI) contracts used by the certain individuals as non-life insurance, end their tax-deferred status by requiring annual taxation of investment earnings, mandate IRS reporting, and preserve all tax benefits for traditional middle-class life insurance policies.<\/td> | Sen. Ron Wyden (D-OR)<\/td> | Senate Committee on Finance<\/td>\n<\/tr>\n |
\n\t| S. 4246<\/a><\/td> | Ultra-Millionaire Tax Act of 2026<\/td> | The bill would impose a 2% annual tax on the net worth of households and trusts over $50 million and 1% annual surtax (3% tax overall) on the net worth of households and trusts above $1 billion.
\n
\nThe bill also includes measures to curb avoidance including:
\n\u2022\t$100 billion for the IRS for resources, staffing, and IT systems
\n\u2022\tRequires a 30% minimum audit rate for taxpayers subject to the tax
\n\u2022\tA 40% \u201cexit tax\u201d on the net worth above $50 million of any U.S. citizen who renounces their citizenship
\n\u2022\tNew tools to determine the value of hard-to-value assets
\n\u2022\tSystematic third-party reporting to build on existing tax information exchange agreements adopted after the Foreign Account Tax Compliance Act, in addition to penalties for underpayment<\/td> | Sen. Elizabeth Warren (D-MA)<\/td> | Senate Committee on Finance<\/td>\n<\/tr>\n |
\n\t| S. 4306<\/a><\/td> | Millionaires Surtax Act<\/td> | The bill would would impose an additional 10-point tax to incomes above $2 million for married couples or above $1 million for individuals \u2013 applying equally to wages and salaries as well as to capital gains and other investment income.<\/td> | Sen. Chris Van Hollen (D-MD)<\/td> | Senate Committee on Finance<\/td>\n<\/tr>\n |
\n\t| H.R. 8316<\/a><\/td> | Donald J. Trump Wealth Tax Act<\/td> | The bill would impose a net worth tax of 14.25 percent on all individuals and trusts with a net worth of $10,000,000 or more.<\/td> | Rep. Juan Vargas (D-CA)<\/td> | House Committee on Ways and Means<\/td>\n<\/tr>\n |
\n\t| H.R. 2912<\/a><\/td> | Oligarch Act of 2025<\/td> | Imposes a 2%, 4%, 6%, or 8% tax on the applicable median household wealth in four new tax brackets:
\n2% for all wealth between 1,000 and 10,000 times the threshold amount;
\n4% for all wealth between 10,000 and 100,000 times the threshold amount;
\n6% for all wealth between 100,000 and 1,000,000 times the threshold amount; and
\n8% for all wealth over 1,000,000 times the threshold amount.
\n(The bill defines the threshold amount as $50,000)<\/td> | Rep. Summer Lee (D-PA-12)<\/td> | House Committee on Ways and Means<\/td>\n<\/tr>\n |
\n\t| H.Res. 1028<\/a><\/td> | N\/A<\/td> | Expressing the sense of the House of Representatives that the United States must act urgently to end the political and economic dominance of billionaire oligarchs, halt the corporate subsidies and tax advantages that fortify their power, and reinvest in the needs of the American people to defend democracy from authoritarianism.<\/td> | Rep. Rashida Tlaib (D-MI-12)<\/td> | House Committee on Agriculture; House Committee on Financial Services; House Committee on Education and the Workforce; House Committee on House Administration; House Committee on Energy and Commerce; House Committee on the Judiciary; House Committee on Ways and Means<\/td>\n<\/tr>\n |
\n\t| H.R. 5427<\/a><\/td> | Billionaires Income Tax Act<\/td> | See S. 2845 above<\/span><\/td> | Rep. Steve Cohen (D-TN-9)<\/td> | House Committee on Ways and Means<\/td>\n<\/tr>\n |
\n\t| H.R. 8087<\/a><\/td> | Ultra-Millionaire Tax Act of 2026<\/td> | See S. 4246 above<\/td> | Rep. Pramila Jayapal (D-WA-7)<\/td> | Introduced in House<\/td>\n<\/tr>\n |
\n\t| H.R. 6438<\/a><\/td> | ROBINHOOD Act<\/td> | A 20% excise tax on loans and lines of credit backed by capital assets of individuals making over $400,000 a year or $450,000 for joint filers. The bill applies to loans backed by personal financial investments such as stocks, bonds, private equity, inter-collectibles (art, coins, etc.), real estate, digital assets, trusts, and other similar resources.<\/td> | Rep. Dan Goldman (D-NY-10)<\/td> | Introduced in House<\/td>\n<\/tr>\n<\/tbody>\n |