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» News Alert: Biden to unveil tax that targets richest 700 Americans
| The White House will propose a direct tax on the richest 700 Americans for the first time, according to five people with knowledge of the matter and an administration document obtained by The Washington Post. President Biden's "Billionaire Minimum Income Tax" plan would establish a 20 percent minimum tax rate for households worth more than $100 million per year, the document says. |
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| | | | News Alert | March 26, 4:07 p.m. EDT | | | | | The White House will propose a direct tax on the richest 700 Americans for the first time, according to five people with knowledge of the matter and an administration document obtained by The Washington Post. President Biden's "Billionaire Minimum Income Tax" plan would establish a 20 percent minimum tax rate for households worth more than $100 million per year, the document says. | | | | | |
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