Amendment · S.Amdt. 4599· Senate(119-SAMDT-4599)

S.Amdt. 4599

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 4599, submitted by Mr. Wyden, aims to change the Internal Revenue Code of 1986 by increasing the top individual tax rate.

The amendment would change the 37-percent rate bracket to 39.6 percent for taxable years beginning after December 31, 2025.
This rate applies to taxable income that exceeds an applicable threshold.
The applicable threshold is defined as $30,000,000 for certain paragraphs, or 1/2 of that amount for paragraph (2)(D).