S. 2845: Billionaires Income Tax Act

S. 2845 is a federal bill in the 119th Congress. This legislation fundamentally changes tax policy by requiring individuals with over $1 billion in assets or $100 million in annual income to pay taxes on their growing wealth every year, rather than waiting until assets are sold. It eliminates… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.