![]() Those with an adjusted gross income of more than $5 million would also face a new surtax of 3 percent. The legislation would raise the top tax rate on wealthy individuals to 39.6 percent from the current 37 percent. House Democrats released legislation that would raise as much as $2.9 trillion to finance President Biden’s social safety net package through a series of tax changes, including increasing the amount that the wealthiest Americans and corporations pay in taxes.
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