Should the U.S. Impose an Annual Wealth Tax on Fortunes Over $50 Million?
The bill would tax net worth above $50 million. Supporters cite revenue and fairness; opponents cite constitutionality and enforcement concerns. Where do you land?
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The case for
A wealth tax could raise substantial revenue from the very wealthiest households.
Source: Sen. Warren →The case against
Wealth taxes raise constitutional questions and are difficult to value and enforce.
Source: Tax Foundation →My Democracy doesn’t take a side — you choose your position below, and your message carries it. Sources represent one organization on each side; they don’t reflect My Democracy’s position.
This campaign is about this bill
H.R. 8085: Ultra-Millionaire Tax Act of 2026What it does
This bill would impose an annual wealth tax on Americans whose net worth exceeds $50 million, taxing assets above that threshold at a rate of 2% per year and at a higher rate on wealth exceeding $1 billion.
Latest action: Referred to the House Committee on Ways and Means. (Mar 25, 2026)
10 more to reach 10
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What’s your position?
Both sides are laid out above. Your message will carry your position — My Democracy doesn’t take a side.