Millionaires Surtax Act
Official title: A bill to amend the Internal Revenue Code of 1986 to impose a surtax on high income individuals.
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Read twice and referred to the Committee on Finance.
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.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 2028: Millionaires Surtax Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-2028/
"S. 2028: Millionaires Surtax Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2028/.
S. 2028, 117th Cong. (2026), https://openamerica.io/bill/117-S-2028/.
[S. 2028: Millionaires Surtax Act](https://openamerica.io/bill/117-S-2028/)