👀 I’m Just a Bill — Billionaire Minimum Income Tax

A Liana Banyan “I’m Just a Bill” Bounty Poster

What is this bill?

Tax-fairness legislation in the 119th Congress establishing a minimum income tax on households with net worth above $100 million, including unrealized capital gains in the tax base.

What does it actually do?

• Mark-to-market — taxes unrealized capital gains for affected households on tradable assets
• Non-tradable assets — deferred-payment structure with interest
• Threshold — applies to households with $100M+ net worth (or $1B+ in some versions)
• Minimum rate — establishes minimum effective rate (e.g., 20-25%) including unrealized gains
• Liquidity provisions — allows phased payment for asset-rich/cash-poor situations

Who votes when?

• House Ways & Means + Senate Finance active consideration; constitutional questions in active debate

How does this affect cooperative-class families?

Direct impact only on ~700-900 households nationwide. Indirect impact: federal revenue generation that funds programs affecting cooperative-class members.

The cooperative does not endorse positions on this. The Council exists to provide accurate plain-language explanation.

Shirley Temple Truth Score

🟡 Provisional.

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