H.R. 3805 · 117th Congress
Millionaires Surtax Act
- Stage
- In committee
- Sponsor
- Donald Beyer
- Introduced
- 2021-06-11
- Latest action
- 2021-06-11 · Introduced in House
Summary
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.