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This fact brief was originally published as an experiment to test the concepts behind fact briefs.
Readers should be aware that while there is still a lot of useful information in fact briefs like this one, not all of them reflect Gigafact's current methods and standards for fact briefs. If you come across any that you feel are out of date, don't hesitate to contact us at support@gigafact.org.
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FACT BRIEF

Does the government want to tax everyday Americans whose homes have gone up in value?

By Christiana Dillard
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NO

The White House recently proposed a "minimum tax" on the "full income" of American households worth $100 million or more, including "unrealized appreciation." According to the press release, "The tax will apply only to the top one-one hundredth of one percent (0.01%) of American households."

See a full discussion of this at Lead Stories
This fact brief is responsive to conversations such as this one.
Sources
White House President’s Budget Rewards Work, Not Wealth with new Billionaire Minimum Income Tax
ABOUT THE CONTRIBUTOR
Lead Stories
Lead Stories is a fact checking and debunking website at the intersection of big data and journalism that launched in 2015. It scouts for trending stories, images, videos and posts that contain false information in order to fact check them as quickly as possible. It actively monitors the fake-news ecosystem and doesn’t wait for reader tips or reports before getting started on a story.
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About fact briefs published on Gigafact
Fact briefs are short, credibly sourced summaries that offer “yes/no” answers in response to claims found online. They rely on publicly available, often primary source data and documents. Fact briefs are created by contributors to Gigafact —a nonprofit project looking to expand participation in fact-checking and protect the democratic process. See all fact briefs here.