Wyden Bill Would Establish Billionaire’s Tax

Wyden Bill Would Establish Billionaire’s Tax

U.S. Senate

U.S. Senate Finance Committee

The Billionaires Income Tax, introduced by Senate Finance Committee Chair Ron Wyden, D-Ore., would remove tax deferrals for those making more than $1 billion, make tradable covered assets taxable, and create a deferral recapture amount for non-tradable assets when transferred. 

<a href="/lr/resolve//79g96">Tracking the 2021 Tax Overhaul Proposals</a>

The Billionaires Income Tax, introduced by Senate Finance Committee Chair Ron Wyden, D-Ore., would remove tax deferrals for those making more than $1 billion, make tradable covered assets taxable, and create a deferral recapture amount for non-tradable assets when transferred.