In CommitteeFiled Apr 15, 2026
Sponsor: Rep. Beyer, Donald S. [D-VA-8] (D)
Latest Action
Referred to the House Committee on Ways and Means.
Apr 15, 2026
Summary
The Millionaires Surtax Act would impose an extra 10% tax on the portion of a non‑corporate taxpayer’s modified adjusted gross income that exceeds $2 million, or $1 million for those filing separately. It applies to individuals, estates and trusts, with special rules for non‑resident aliens, Americans living abroad, and charitable trusts. The surcharge would take effect for tax years beginning after Dec. 31, 2026.
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