Imposes a one-time tax on net worth exceeding $10,000,000 for certain individuals and trusts.
The Donald J. Trump Wealth Tax Act of 2026 imposes a one-time tax on the net worth exceeding $10,000,000 for applicable taxpayers, including U.S. citizens, residents, and certain trusts. The tax rate is set at 14.25 percent. The bill references historical statements by Donald J. Trump regarding the potential benefits of such a tax, including debt reduction and economic benefits. The Secretary of the Treasury is tasked with prescribing necessary regulations to implement the tax.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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