SENATE 2028117th CongressRead twice and referred to the Committee on Finance.
Millionaires Surtax Act
- Last Action
- 6/10/2021
Actions
- 2021-06-10Read twice and referred to the Committee on Finance.
- 2021-06-10Introduced in Senate
CRS Summary
As of 2021-06-10 (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 (3)
- Sherrod Brown (D-OH)
- Amy Klobuchar (D-MN)
- Jeff Merkley (D-OR)
Subjects
- Income tax rates
- Tax administration and collection, taxpayers
Sourced from Congress.gov (public domain).
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