Tax household wealth above $50 million
Elizabeth Warren proposes an annual tax on households with net worth of at least $50 million: 2% on wealth above $50 million up to $1 billion, and 6% on each dollar above $1 billion. Households below $50 million would owe no additional tax. The plan is intended to raise revenue to rebuild the middle class; it estimates $3.75 trillion over ten years.
Context: This is a proposal originally released during Warren’s presidential campaign, not an enacted tax. The plan includes worldwide household assets in the wealth calculation, permits payment deferral for up to five years with interest in specified circumstances, and calls for IRS valuation rules and anti-evasion measures.
In their own words
It applies only to households with a net worth of $50 million or more
The source
Published: Original date not established; campaign context manually checked
Retrieved: 11/12/2026