HR 3805
Millionaires Surtax Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
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.
Sponsors
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Primary sponsor
Donald S., Jr. Beyer
Cosponsors
Alan S. Lowenthal
Earl Blumenauer
Eleanor Holmes [D-DC-At Large] Norton
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