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house Bill H.R. 2143

Should Americans Worth Over $10 Million Pay an Extra 14.25% Tax?

Argument in favor

The richest Americans’ tax burden has decreased significantly since the mid-20th century. At the same time, the national debt has grown rapidly over the same time period. Increasing taxes on the rich to help cut down the national debt and increase tax revenues will benefit all Americans in the form of a more stable economy and funding for government services.

Dicr's Opinion
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10/05/2018
Trump’s family is a good example of how the rich operate. He father scammed money from government subsidies for his housing, lost a lawsuit for discriminating against black people and then avoided taxes anyway they could. Then he gives himself huge tax breaks after he gets elected while telling his clueless base he won’t benefit. And of course they believe him and even claim he’s the best president ever. Make it 20%.
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Baron's Opinion
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10/05/2018
Finally a step in the right direction, even though a small step it is. Now what is that money going to be used for? More tanks, navy ships, or to help Americans busting their asses day in and day out?
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SouthernGal's Opinion
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10/05/2018
Back in the 1950-60’s, the rich paid their fair share in taxes. Since the GOP is so hot to return America to that era, it’s only right that the 2 tax scams be reversed and this tax be applied to them.
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Argument opposed

Taxing wealthy Americans at the rate that'd be imposed by this bill would weaken their ability to invest in activities that grow the U.S. economy. Additionally, it’s never easy to raise as much money as predicted from tax increases, as people change their behavior and investments to dodge as much tax liability as possible.

Doug's Opinion
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10/05/2018
Of course a California Democrat would be the sponsor of such a communistic and draconian money grab. As counter legislation, I propose all elected offices no longer come with salaries, health or retirement benefits.
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Aaron 's Opinion
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10/06/2018
Are you kidding me? In the majority of cases they earned it! Oh and by the way.....your giving it to the federal government that will waste it! #dontfeedthegov
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ManfromNebraska's Opinion
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10/05/2018
Absolutely not! We need the well off to contribute to the economy not to greedy congressmen who will waste the money. Over taxation muzzles economic growth. Lower taxes and people have more money to spend which will bring in tax revenue.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Ways and Means
    IntroducedApril 25th, 2017
    No, you have no right to their property. If it's illegally obtained that's one thing, but if it's accumulated from hard work or from the due inheritance of ancestors' hard work, then YOU'RE the criminal if you think you have some "right" to help yourself to the property of another. It doesn't matter how much or little they have, and it doesn't matter how much or little you're trying to take - you're proposing something unjust and evil.
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    Wealth disparity is reaching an historic level where countries fall apart. And the rich don't pay their fair share. These kind of bills are necessary in this era.
    Like (17)
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    No! That is nothing but wealth distribution. The way of the Democrat party, punish success, reward failure! That is the opposite of the American Dream!
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    Stop punishing success.
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    This money has already been taxed. Keep your hands out of other peoples pockets.
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    Consolidation of wealth is creating a class society and must a addressed. Dynastic wealth has historically proven to be detrimental to society
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    A more fair approach would be a flat tax on all income with no deductions.
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    This type of tax would control the balance of wealth. We should take a look at what happened and why taxes were imposed to begin with. We had an age of "Robber Barons"; people who were so wealthy they entertained guests by throwing handfuls of diamonds on the table as party favors. Many of these people did not earn this money, they achieved their great wealth on the backs of hard working Americans and, yes, illegal immigrants they paid a non-livable wage to. Pick up a book and read! You might see similarities between now and then.
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    It’s fascinating that DJT was the original proponent of this idea. Let’s use it for the deficit until it’s gone. After all, fairness in a taxation system requires that those with the greatest capacity to pay should pay more tax than those with a lesser capacity to pay.
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    Billionaires have been profiting at the expense of hard working Americans for far too long. It’s about time they give something back to the people.
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    I don't understand the comments that say this will be a disincentive for people to make themselves rich. Really?! Someone would decide they don't want to make more than $10 million because they would then have to pay part of that in taxes?
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    Seriously the rich don’t contribute to our country!?!? How do people think they got rich!!! The money doesn’t appear out of nowhere. These people are men who started with little and worked hard their whole lives to get where they are today unlike half of our country living on welfare. These people do more for our country than nonprofits. Instead of giving their money away or putting it into the black hole that is the government, they build companies and create jobs or they invest it in other companies so those in turn can pay for more jobs. Why should these people give more money to the government. It’ll be a big waste!! Instead they can provide for people by helping them provide for themselves. Give a man a free handout feed him for a day, teach a man to work and feed him for a lifetime. It’s your choice America.
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    The fact is that the top 10% of wage earners pay 90% of all the federal tax bill! And that’s not enough? Are you crazy?
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    The upper marginal tax rate used to be much, much higher, during some of the most prosperous periods in our nation's history. Cutting taxes on the wealthy, as we have done under recent administrations, raises our debt and creates unnecessary pressure to cut important government programs. Top earners should give back to the economy that made them so wealthy.
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    In general, If we look at the Teddy and the Franklin Roosevelt policies you can see historically how many of these tax laws and policies worked. In many cases it has shown to 1) it has been shown the equal balance of productivity to the producer ratio in terms of wages, 2) having the proper ratio of producer to productivity wages equates to more consumer intake which is good for business, 3) with this in mind this then leads to the increase in the economy with government help
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    BUT ADD ABOUT 30% MORE TO THAT NUMBER!!!! The wealthy do not create jobs, they keep wages stagnant, they continue to raise our deficit by not contributing to our country’s economy, they do not boost the economy by spending their money. There is no trickle down economics that work—ITS BEEN PROVEN!!! Remember when Democrats raise taxes on the wealthy—we end up with a surplus and the deficit goes down, when the republikkkans are in control, they give massive tax cuts to the super rich, the surplus gets spent, the deficit goes way up, and we have RECESSIONS or with the Manchurian a possible DEPRESSION!!!! You can say those are fake all you want cultists, does not change the fact it’s true.
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    Finally a bill that doesn’t screw over the working class. If I was worth ten million I’d pay that cause I friggin could and still buy a friggin yatcht.
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    A net worth of 10 million dollars is not that much folks. Why penalize someone who has worked hard for what they have.
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    I like this idea. But added to it should be a FLAT TAX on EVERY person who pays taxes. Start at $.06 cents on the dollar and then adjust. Education, Primary Home Mortgage, Medical/Dental, and Charitable Contribution Write-Offs left alone. FORTUNE 500Companies/millionaires/billionaires pay more. We, the more fortunate, can not sit by and watch THOSE who have NOTHING get screwed because the 1%/corporations NEED A Tax Cut. What would JESUS say?
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    Of course they should. They don’t do what the republicans have been touting they do - create jobs. Kansas was the Great Experiment with their crazy Trickle Down Theory and KANSAS ALMOST WENT TO BANKRUPTCY- until some Democrats won election & brought sense back to Kansas. Reagan put the country in DEBIT WITH TRICKLE DOWN. Carried on by Bush 1 who raised taxes and Bush 2 by lying about WMD and starting the 19 year war we are still paying for. NOW TRUMP & CONGRESS ARE STARTING THIS CRAZY TRICKLE DOWN IDIOCY AGAIN. That is why we are going on a TRILLION$$$$ DEFICIT. YES. YES. YES. THE RICH NEED TO PAY THE SAME % of THEIR INCOME AS THR LIWER CLASSES.
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