Make Billionaires Pay Their Fair Share Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill reduces a tax rate change, appropriation, grant provision: 101. Imposition of tax on net value of assets The Internal Revenue Code of 1986 is amended by inserting after subtitle B the following new subtitle: B-1Wealth, expands a compliance mandate, definition change provision: 2901. Imposition of tax In the case of an applicable taxpayer, there is hereby imposed a tax computed equal to 5 percent of the net value of assets held by, and expands a compliance mandate, definition change provision: 2902. It relies on compliance mandates, appropriations, grants, and definition changes. The main policy areas are Healthcare, Finance, Education, and Transportation.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Reduces a tax rate change, appropriation, grant provision: 101. Imposition of tax on net value of assets The Internal Revenue Code of 1986 is amended by inserting after subtitle B the following new subtitle: B-1Wealth...
- Expands a compliance mandate, definition change provision: 2901. Imposition of tax In the case of an applicable taxpayer, there is hereby imposed a tax computed equal to 5 percent of the net value of assets held by...
- Expands a compliance mandate, definition change provision: 2902.
- Reduces a tax rate change, grant, compliance mandate provision: 2903.
- Expands a appropriation, reporting req, compliance mandate provision: 2904. Administrative provisions.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill reduces a tax rate change, appropriation, grant provision: 101. Imposition of tax on net value of assets The Internal Revenue Code of 1986 is amended by inserting after subtitle B the following new subtitle: B-1Wealth, expands a compliance mandate, definition change provision: 2901. Imposition of tax In the case of an applicable taxpayer, there is hereby imposed a tax computed equal to 5 percent of the net value of assets held by, and expands a compliance mandate, definition change provision: 2902.
Key Policy Areas
Healthcare, Finance, Education, Transportation
Primary Purpose
The bill reduces a tax rate change, appropriation, grant provision: 101. Imposition of tax on net value of assets The Internal Revenue Code of 1986 is amended by inserting after subtitle B the following new subtitle: B-1Wealth, expands a compliance mandate, definition change provision: 2901. Imposition of tax In the case of an applicable taxpayer, there is hereby imposed a tax computed equal to 5 percent of the net value of assets held by, and expands a compliance mandate, definition change provision: 2902.
Policy Domains
Sponsors
Legislative Progress
In CommitteeRead twice and referred to the Committee on Finance.
Introduced in Senate
Mr. Sanders introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_education"
- → Secretary of Education
- "secretary_of_health_and_human_services"
- → Secretary of Health and Human Services
Key Definitions
Terms defined in this bill
a nonprofit organization or nonprofit cooperative— that may be a component of a child care resource and referral organization
the item and related services including selection, fitting, adjustment, and patient education and training. The term qualified hearing aid supplier means— a qualified audiologist
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology