,,ii  #aafth ,,congress  #ast ,session  
,s4 #bcab  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #cj1     
#bjai ,mr4 ,merkley introduced the      
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to impose a     
surtax on corporations with significant 
disparities in employee wages4  #a4     
,short title ,this ,act may be cited as 
the ,equity in ,compensation ,act4  #b4 
,surtax on corporations with significant
 disparity in employee wages  7a7 ,in   
general ,part ,,ii of subchapter ,a of  
chapter #a of the ,internal ,revenue    
,code of #aihf is amended by            
redesignating section #ab as section #ac
 and by inserting after section #aa the 
following new section3  #ab4 ,surtax on 
corporations with significant disparity 
in employee wages  7a7 ,in general ,in  
the case of an applicable corporation1  
there is hereby imposed 7in addition to 
any other tax imposed by this subtitle7 

a tax equal to the applicable percentage
 of taxable income4  7b7 ,applicable    
corporation ,for purposes of this       
section1 the term applicable corporation
 means any corporation which--  7#a7 has
 gross revenue for the taxable year in  
excess of #a1jjj1jjj1jjj1 and  7#b7 has 
a wage disparity level in excess of     
#c1jjj percent4  7c7 ,applicable        
percentage ,for purpose of this section1
 the applicable percentage shall be     
determined as follows3 ,in the case of  
an applicable corporation with a wage   
disparity level that is--,the applicable
 percentage is-- ,over #c1jjj percent   
but not over #e1jjj percent#b ,over     
#e1jjj percent but not over #aj1jjj     
percent#c ,over #aj1jjj percent but not 
over #bj1jjj percent#d ,over #bj1jjj    
percent but not over #ej1jjj percent#e  
,over #ej1jjj percent but not over      
#ajj1jjj percent#f ,over #ajj1jjj       
percent#aj4  7d7 ,wage disparity level  
,for purposes of this section--  7#a7   
,in general ,the term wage disparity    

level means the ratio 7expressed as a   
percentage7 of the annual salary of     
highest compensated officer of the      
corporation to the median annual salary 
of all employees of the corporation4    
7#b7 ,determination of annual salary    
,the annual salary of any officer or    
employee shall be determined by taking  
into account the wages 7within the      
meaning of section #caba7;a71 but       
determined without regard to any dollar 
limitation contained in such section7   
paid to such officer or employee for    
services performed during the taxable   
year4 ,in the case of any officer or    
employee who is not employed for the    
entire taxable year1 the wages paid for 
such taxable year shall be increased by 
an amount equal to the product of the   
average daily wages paid to such        
employees for the number of days during 
the taxable year during which such      
employee was employed and the number of 
days during the taxable year during     
which such employee was not so employed4

  7e7 ,exceptions2 treatment of foreign 
corporations ,rules similar to the rules
 of subsections 7c7 and 7d7 of section  
#aa shall apply for purposes of this    
section4  4  7b7 ,clerical amendment    
,the table of sections for part ,,ii of 
subchapter ,a of chapter #a of such     
,code is amended by redesignating the   
item relating to section #ab as relating
 to section #ac and by inserting after  
the item relating to section #aa the    
following new item3  ,sec4 #ab4 ,surtax 
on corporations with significant        
disparity in employee wages4  4  7c7    
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjai4