Ultra-Millionaire Tax Act of 2026
See how your representatives voted on this bill.
DeepSyte matches this bill to the issues you care about and shows whether your reps' votes line up — not party, not press releases. Take the 2-minute values quiz to see your alignment.
Alignment with your views
Sign in and take the values quiz to see how this bill lines up with what you've said.
Summary
The Ultra-Millionaire Tax Act of 2026 would amend the Internal Revenue Code to impose a new annual wealth tax on individuals and certain trusts based on the net value of their taxable assets. The tax would apply a 2 percent rate on net assets between $50 million and $1 billion, and a 3 percent rate on assets exceeding $1 billion (increasing to 6 percent if federal single-payer health insurance legislation is enacted). The bill includes detailed rules for valuing assets, excluding certain personal property, attributing trust assets to beneficiaries, and enforcing collection.
Values analysis
Sign in and take the values quiz to get a personalized read on how this bill lines up with your positions.
How your representatives voted
Sign in to see how your representatives voted on this bill.