HOUSE 3805117th CongressReferred to the House Committee on Ways and Means.

Millionaires Surtax Act

Last Action: 6/11/2021

Actions

2021-06-11Referred to the House Committee on Ways and Means.
2021-06-11Introduced in House
2021-06-11Introduced in House

CRS Summary

As of 2021-06-11 (00)

Millionaires Surtax Act

This bill imposes an additional 10% tax on individual taxpayers whose modified adjusted gross income exceeds $2 million ($1 million for taxpayers not filing a joint return or surviving spouses). The bill sets forth special rules for the taxation of nonresident aliens and citizens and residents living abroad, and exempts charitable trusts from such tax.

Cosponsors (7)

Steve Cohen (D-TN)
Alan Lowenthal (D-CA)
Jimmy Panetta (D-CA)
EARL BLUMENAUER (D-OR)
JANICE SCHAKOWSKY (D-IL)
ZOE LOFGREN (D-CA)
ELEANOR NORTON (D-DC)

Subjects

Income tax rates
Tax administration and collection, taxpayers

Read on Congress.gov

Sourced from Congress.gov (public domain).

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