Monday, Apr. 4, 2022
Does the government want to tax everyday Americans whose homes have gone up in value?
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."
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Fact briefs are bite-sized, well-sourced explanations that offer clear "yes" or "no" answers to questions, confusions, and unsupported claims circulating online. They rely on publicly available data and documents, often from the original source. Fact briefs are written and published by Gigafact contributor publications.
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