ROBINHOOD Act of 2026 aims to ensure high net-worth individuals pay taxes on their income and assets.
The ROBINHOOD Act of 2026 amends the Internal Revenue Code to prevent high net-worth individuals from avoiding taxes on their income and assets. It defines "applicable taxpayers" based on income and asset tests, affecting individuals and entities with certain financial thresholds. The bill includes provisions for tradable and nontradable covered assets, special rules for married individuals, expatriates, and applicable entities. It also mandates reporting requirements and adjustments to asset values to prevent tax avoidance.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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