S 1243 · 119th Congress

Paying a Fair Share Act of 2025

This bill creates a new minimum tax for wealthy Americans earning over $1 million per year. Here's how it works: if your income exceeds $1 million, you'd have to pay whichever is higher—your regular taxes or a 30% tax on your income (minus charitable donations). The goal is to ensure that high earners can't use tax…

Sponsor

Whitehouse, Sheldon (D-Rhode Island)

Introduced

2025-04-01

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.