November 13, 2009 02:15 PM | Permalink | 
(State-by-State Figures in Appendix)
H.R. 3962, the health care reform bill approved by the U.S. House of Representatives on November 7, includes a 5.4 percent surcharge on adjusted gross income (AGI) above $1 million for married couples and $500,000 for singles. Our calculations confirm statements from the House Ways and Means Committee that this would affect only the richest 0.3 percent of taxpayers in 2011, the first year the surcharge would take effect.
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