,i #aai? ,,congress #a/ ,session ,h4 ,r4 #fji ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,janu>y #bb1 #bjbe,mr4 ,doggett 7= himself1 ,ms4 ,adams1 ,ms4 ,b>ragn1 ,mr4 ,boyle ( ,p5nsylvania1 ,ms4 ,br[nley1 ,mr4 ,c>son1 ,mr4 ,cas>1 ,mr4 ,ca/ro ( ,texas1 ,ms4 ,*u1 ,mr4 ,coh51 ,mr4 ,davis ( ,ill9ois1 ,ms4 ,de,gette1 ,ms4 ,de,lauro1 ,mr4 ,deluzio1 ,mrs4 ,d+ell1 ,ms4 ,escob>1 ,mr4 ,espaillat1 ,mr4 ,fields1 ,mr4 ,fro/1 ,mr4 ,g>am5di1 ,mr4 ,goldman ( ,new ,york1 ,mr4 ,grijalva1 ,mr4 ,huffman1 ,ms4 ,jayapal1 ,mr4 ,johnson ( ,georgia1 ,mr4 ,khanna1 ,ms4 ,lee ( ,p5nsylvania1 ,mr4 ,lev91 ,ms4 ,moore ( ,wiscons91 ,ms4 ,norton1 ,ms4 ,ocasio-,cortez1 ,ms4 ,p+ree1 ,mr4 ,pocan1 ,mrs4 ,ramirez1 ,ms4 ,sal9as1 ,ms4 ,sn*ez1 ,ms4 ,s*ak[sky1 ,ms4 ,tlaib1 ,mr4 ,tonko1 ,mr4 ,turn] ( ,texas1 ,mr4 ,veasey1 ,ms4 ,velzquez1 ,ms4 ,williams ( ,georgia1 & ,ms4 ,wilson ( ,florida7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,social ,security ,act & ! ,int]nal ,rev5ue ,code ( #aihf to include net inve/m5t income tax impos$ 9 ! ,f$]al ,hospital ,insurance ,tru/ ,fund & to modify ! net inve/m5t income tax4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,assur+ ,m$ic>e's ,promise ,act ( #bjbe4 #b4 ,inclusion ( net inve/m5t income tax 9 ,hospital ,insurance ,tru/ ,fund 7a7 ,9 g5]al ,section #ahag7;a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #acie;i7a77 is am5d$-- 7#a7 by /rik+ & at ! end ( p>agraph 7#a72 7#b7 by /rik+ ! p]iod at ! end ( p>agraph 7#b7 & ins]t+ 2 &2 & 7#c7 by ins]t+ aft] p>agraph 7#b7 ! foll[+ new p>agraph3 7#c7 ! taxes impos$ by section #adaa ( ! ,int]nal ,rev5ue ,code ( #aihf report$ to ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate on tax returns "u subtitle ,f ( su* ,code4 4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply ) respect to taxes impos$ = taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbe4 #c4 ,application ( net inve/m5t income tax to trade or bus9ess income ( c]ta9 high income individuals 7a7 ,9 g5]al ,section #adaa ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new subsection3 7f7 ,application to c]ta9 high income individuals 7#a7 ,9 g5]al ,9 ! case ( any individual ^: modifi$ adju/$ gross income = ! taxable ye> exce$s ! high income ?re%old am\nt1 subsection 7a77#a7 %all be appli$ by sub/itut+ ! great] ( specifi$ net income or net inve/m5t income = net inve/m5t income 9 subp>agraph 7,a7 !re(4 7#b7 ,phase-9 ( increase ,! increase 9 ! tax impos$ "u subsection 7a77#a7 by reason ( ! application ( p>agraph 7#a7 ( ?is subsection %all n exce$ ! am\nt :i* be>s ! same ratio to ! am\nt ( su* increase 7det]m9$ )\t reg>d to ?is p>agraph7 z-- 7,a7 ! excess describ$ 9 p>agraph 7#a71 be>s to 7,b7 #ajj1jjj 7 su* am\nt 9 ! case ( a m>ri$ taxpay] 7z def9$ 9 section #ggjc7 fil+ a sep>ate return74 7#c7 ,high income ?re%old am\nt ,= purposes ( ?is subsection1 ! t]m high income ?re%old am\nt means-- 7,a7 except z provid$ 9 subp>agraph 7,b7 or 7,c71 #djj1jjj1 7,b7 9 ! case ( a taxpay] mak+ a jo9t return "u section #fjac or a surviv+ sp\se 7z def9$ 9 section #b7;a771 #ejj1jjj1 & 7,c7 9 ! case ( a m>ri$ taxpay] 7z def9$ 9 section #ggjc7 fil+ a sep>ate return1 ( ! doll> am\nt det]m9$ "u subp>agraph 7,b74 7#d7 ,specifi$ net income ,= purposes ( ?is section1 ! t]m specifi$ net income means net inve/m5t income det]m9$-- 7,a7 )\t reg>d to ! phrase o!r ?an su* income :i* is d]iv$ 9 ! ord9>y c\rse ( a trade or bus9ess n describ$ 9 p>agraph 7#b71 9 subsection 7c77#a77;,a77i71 7,b7 )\t reg>d to ! phrase describ$ 9 p>agraph 7#b7 9 subsection 7c77#a77;,a77ii71 7,c7 )\t reg>d to ! phrase o!r ?an prop]ty held 9 a trade or bus9ess n describ$ 9 p>agraph 7#b7 9 subsection 7c77#a77;,a77iii71 7,d7 )\t reg>d to p>agraphs 7#b71 7#c71 & 7#d7 ( subsection 7c71 & 7,e7 by treat+ p>agraphs 7#e7 & 7#f7 ( section #dfi7;c7 7det]m9$ )\t reg>d to ! phrase ,to ! ext5t provid$ 9 regulations1 9 su* p>agraph 7#f77 z apply+ = purposes ( subsection 7c7 ( ?is section4 4 7b7 ,application to tru/s & e/ates ,section #adaa7;a77#b77;,a7 ( su* ,code is am5d$ by /rik+ undi/ribut$ net inve/m5t income & ins]t+ ! great] ( undi/ribut$ specifi$ net income or undi/ribut$ net inve/m5t income4 7c7 ,cl>ifications ) respect to det]m9ation ( net inve/m5t income 7#a7 ,c]ta9 exceptions ,section #adaa7;c77#f7 ( su* ,code is am5d$ to read z foll[s3 7#f7 ,special rules ,net inve/m5t income %all n include-- 7,a7 any item tak5 into acc\nt 9 det]m9+ self-employm5t income = su* taxable ye> on :i* a tax is impos$ by section #adja7;b71 7,b7 wages receiv$ ) respect to employm5t on :i* a tax is impos$ "u section #caja7;b7 or #cbja7;a7 7includ+ am\nts tak5 into acc\nt "u section #caba7v77#b771 & 7,c7 wages receiv$ f ! p]=mance ( s]vices e>n$ outside ! ,unit$ ,/ates = a =eign employ]4 4 7#b7 ,net op]at+ losses n tak5 into acc\nt ,section #adaa7;c77#a77;,b7 ( su* ,code is am5d$ by ins]t+ 7o!r ?an section #agb7 aft] ?is subtitle4 7#c7 ,inclusion ( c]ta9 =eign income 7,a7 ,9 g5]al ,section #adaa7;c77#a77;,a7 ( su* ,code is am5d$ by /rik+ & at ! end ( clause 7ii71 by /rik+ ov] at ! end ( clause 7iii7 & ins]t+ &1 & by add+ at ! end ! foll[+ new clause3 7iv7 any am\nt includible 9 gross income "u section #iea1 #iea;,a1 #abic1 or #abif1 ov] 4 7,b7 ,prop] treatm5t ( c]ta9 previ\sly tax$ income ,section #adaa7;c7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#g7 ,c]ta9 previ\sly tax$ income ,! ,secret>y %all issue regulations or o!r guidance provid+ = ! treatm5t (-- 7,a7 di/ributions ( am\nts previ\sly includ$ 9 gross income = purposes ( *apt] #a b n previ\sly subject to tax "u ?is section1 & 7,b7 di/ributions describ$ 9 section #ifb7;d74 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbe4 7e7 ,transition rule ,! regulations or o!r guidance issu$ by ! ,secret>y "u section #adaa7;c77#g7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7z add$ by ?is section7 %all include provisions :i* provide = ! prop] coord9ation & application ( clauses 7i7 & 7iv7 ( section #adaa7;c77#a77;,a7 ) respect to-- 7#a7 taxable ye>s beg9n+ on or be=e ,decemb] #ca1 #bjbe1 & 7#b7 taxable ye>s beg9n+ aft] su* date4