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Search Results: keywords:"fair share tax"

  • S. 1243 aims to ensure that high-income earners contribute a fair share of federal taxes. The bill introduces a "Fair Share Tax" for individuals with an adjusted gross income exceeding $1,000,000, encouraging them to pay more in taxes if their regular contributions aren't...

    Simple Explanation

    This bill wants rich people to pay more taxes to help the government, especially if they're not paying enough now. It also tries to make the tax rules fairer and easier to understand.

  • 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.