H.R. 2534, known as the "Paying a Fair Share Act of 2025," aims to ensure that high-income taxpayers in the United States contribute a reasonable portion of their income as federal taxes. The bill proposes a new "Fair Share Tax" for individuals with an adjusted gross income over $1 million,...
Simple Explanation
The "Paying a Fair Share Act of 2025" is a plan to make sure very rich people in the U.S. pay more taxes to help the government, and it wants to change the rules so that everyone feels like the rich are paying what they should.