S 4306 · 119th Congress

Millionaires Surtax Act

This bill creates a new tax on high-income individuals called a 'surtax.' Here's what it means in practical terms: if you're married and filing jointly, you'd pay an extra 10% tax on any income above $2 million. If you're single, the threshold is $1 million—meaning you'd pay the extra 10% on income above that amount…

Sponsor

Van Hollen, Chris (D-Maryland)

Introduced

2026-04-15

Policy area

Taxation