,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bhji  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #g1 #bjai,mr4 
,van ,holl5 7= himself & ,mr4 ,br[n7    
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to impose a surtax
 on high income individuals4  #a4 ,%ort 
title ,?is ,act may be cit$ z !         
,millionaires ,surtax ,act4  #b4        
,sur*>ge on high income individuals  7a7
 ,9 g5]al ,sub*apt] ,a ( *apt] #a ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new "p3       
,,viii ,sur*>ge on high income          
individuals  ,sec4 #ei;,b4 ,sur*>ge on  
high income individuals4  #ei;,b4       
,sur*>ge on high income individuals  7a7
 ,g5]al rule ,9 ! case ( a taxpay] o!r  
?an a corporation1 !re is h]eby impos$  
79 addition to any o!r tax impos$ by ?is
 subtitle7 a tax equal to #aj p]c5t ( s 
mu* ( ! modifi$ adju/$ gross income ( ! 
taxpay] z exce$s #b1jjj1jjj4  7b7       

,taxpay]s n mak+ a jo9t return ,9 ! case
 ( any taxpay] o!r ?an a taxpay] mak+ a 
jo9t return "u section #fjac or a       
surviv+ sp\se 7z def9$ 9 section        
#b7;a771 subsection 7a7 %all be appli$  
by sub/itut+ #a1jjj1jjj = #b1jjj1jjj4   
7c7 ,modifi$ adju/$ gross income ,=     
purposes ( ?is section1 ! t]m modifi$   
adju/$ gross income means adju/$ gross  
income r$uc$ by any d$uction 7n tak5    
into acc\nt 9 det]m9+ adju/$ gross      
income7 all[$ = inve/m5t int]e/ 7z def9$
 9 section #afc7;d774 ,9 ! case ( an    
e/ate or tru/1 adju/$ gross income %all 
be det]m9$ z provid$ 9 section #fg7;e74 
7d7 ,special rules  7#a7 ,nonresid5t    
ali5 ,9 ! case ( a nonresid5t ali5      
individual1 only am\nts tak5 into acc\nt
 9 connection ) ! tax impos$ "u section 
#hga7;b7 %all be tak5 into acc\nt "u ?is
 section4  7#b7 ,citiz5s & resid5ts liv+
 abroad ,! doll> am\nt 9 effect "u      
subsection 7a7 7aft] ! application (    
subsection 7b77 %all be decreas$ by !   
excess (--  7,a7 ! am\nts exclud$ f !   

taxpay]'s gross income "u section #iaa1 
ov]  7,b7 ! am\nts ( any d$uctions or   
exclusions disall[$ "u section          
#iaa7;d77#f7 ) respect to ! am\nts      
describ$ 9 subp>agraph 7,a74  7#c7      
,*>itable tru/s ,subsection 7a7 %all n  
apply to a tru/ all ! unexpir$ int]e/s 9
 :i* are devot$ to "o or m ( ! purposes 
describ$ 9 section #agj7;c77#b77;,b74   
7#d7 ,n treat$ z tax impos$ by ?is *apt]
 = c]ta9 purposes ,! tax impos$ "u ?is  
section %all n be treat$ z tax impos$ by
 ?is *apt] = purposes ( det]m9+ ! am\nt 
( any cr$it "u ?is *apt] or = purposes (
 section #ee4  4  7b7 ,cl]ical am5dm5t  
,! table ( p>ts = sub*apt] ,a ( *apt] #a
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by add+ at ! end ! foll[+ new     
item3  ,"p ,,viii--,sur*>ge on high     
income individuals  4  7c7 ,section #ae 
n to apply ,! am5dm5t made by subsection
 7a7 %all n be treat$ z a *ange 9 a rate
 ( tax = purposes ( section #ae ( !     
,int]nal ,rev5ue ,code ( #aihf4  7d7    
,effective date ,! am5dm5ts made by ?is 

section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjai4