It can be levied on American households with a total asset value exceeding $ 100 million.

The U.S. President Joe Biden plans to propose the introduction of a minimum income tax of 20% for American households with a total asset value exceeding $ 100 million. This was reported by CNBC with reference to the document that came into his possession.

It is expected that in the next 10 years it will bring about $360 billion to the treasury, the document says. More than half of this amount, as the TV channel notes, can be obtained through taxes collected from those whose fortune is more than $ 1 billion.

According to CNBC, Biden will present his proposal on March 28.