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.