[dblshot]

Impose minimum 25% income tax rate on households worth over $100 million
That sounds more like a wealth tax than a income tax. Maybe it would make sense to move to Barbados or somewhere else for that hit.

[Texas resident]

If that is true using the term “worth”, then it will be a wealth tax.

[gloryblaze]

<<<< Impose minimum 25% income tax rate on households worth over $100 million

That sounds more like a wealth tax than a income tax.

No kidding. Declare your net worth on a 1040 return? Under penalty of law?

That is a bridge way, way too far.

[John Milner]

So how is the household value assessed. Are we, each and everyone going to have to list all our assets and their current market value? Every year?

Is this where those 87,000 new employees are going? To check up on every filer to see if they have done this and done it accurately, in accordance with the new 200 pounds of printed laws on how it is to be done?