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 does not 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 of 2% on the net worth of individuals exceeding $50 million and 3% on net worth exceeding $1 billion.
Latest action: Referred to the House Committee on Ways and Means. (Mar 25, 2026)
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What’s your position?
Both sides are laid out above. Your message will carry your position. My Democracy does not take a side.