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- S.2059
S.2059: Paying a Fair Share Act of 2012
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Feb. 1, 2012
- Latest Major Action Feb. 1, 2012
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
11 (10 Democrats, 1 Independent Democrat)
Bill Summary
Paying a Fair Share Act of 2012 - Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Feb. 1, 2012 |
Introduced in the Senate by Sheldon Whitehouse (D-R.I.) |