Amendment · S.Amdt. 4590· Senate(119-SAMDT-4590)

S.Amdt. 4590

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 4590, submitted by Mr. Wyden, aims to change the Internal Revenue Code of 1986 by increasing the top individual tax rate.

The amendment proposes the following changes to the bill:

It adds a new paragraph to Section 1(j) regarding income tax brackets for high-income taxpayers.
For taxable years beginning after December 31, 2025, the tax rate for taxable income exceeding the applicable threshold will be 39.6 percent instead of 37 percent.
The applicable threshold is defined as $300,000,000 for certain taxpayers and 1/2 of that amount for others.