S 1243
Paying a Fair Share Act of 2025
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:37 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Paying a Fair Share Act of 2025 proposes a new tax on high-income earners, specifically those with an adjusted gross income exceeding $1 million. This ‘fair share tax’ would be calculated as 30% of the excess of the taxpayer’s adjusted gross income over a modified charitable contribution deduction, with an inflation adjustment to maintain its value over time. The tax liability would be phased in and would be in addition to existing tax obligations, aiming to increase revenue and reduce the federal deficit.
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