I'm Just a Bill: Billionaire Minimum Income Tax
👀 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. ...