Amendment · S.Amdt. 4588· Senate(119-SAMDT-4588)

S.Amdt. 4588

Age: 77 years

Oregon

Changes bill: 119-S-1383 — Veterans Accessibility Advisory Committee Act of 2025

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

SA 4588, submitted by Mr. Wyden, aims to change the Internal Revenue Code of 1986 by adding a section to increase the top individual tax rate.

The amendment proposes the following changes:

It changes the 37-percent rate bracket to 39.6 percent for taxable years starting after December 31, 2025.
This new rate applies to taxable income that exceeds the applicable threshold.
The applicable threshold is defined as $500,000,000 for certain paragraphs and 1/2 of that amount for paragraph (2)(D).