H.R. 4280

119 HR 4280 IH: Bipartisan Tax Fairness Act of 2025
 U.S. House of Representatives
 2025-07-02
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 4280  IN THE HOUSE OF REPRESENTATIVES   July 2, 2025   Mr. Fitzpatrick  (for himself and  Mr. Golden of Maine ) introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to make permanent certain expiring income tax rates and to establish a new top income tax rate.
1.
Short title
This Act may be cited as the   Bipartisan Tax Fairness Act of 2025  .
2.
Modification of income tax rates
(a)
Married individuals filing joint returns and surviving spouses
 Section 1(a)  of the Internal Revenue Code of 1986 is amended by striking the table contained therein and inserting the following:
  If taxable income is:     The tax is:  Not over $19,050   10% of taxable income.       Over $19,050 but not over $77,400   $1,905, plus 12% of the excess over $19,050.       Over $77,400 but not over $165,000   $8,907, plus 22% of the excess over $77,400.       Over $165,000 but not over $315,000   $28,179, plus 24% of the excess over $165,000.       Over $315,000 but not over $400,000   $64,179, plus 32% of the excess over $315,000.       Over $400,000 but not over $600,000   $91,379, plus 35% of the excess over $400,000.       Over $600,000 but not over $2,000,000   $161,379, plus 37% of the excess over $600,000.       Over $2,000,000   $679,379, plus 39.6% of the excess over $2,000,000  .
(b)
Heads of households
Section 1(b) of such Code is amended by striking the table contained therein and inserting the following:
  If taxable income is:
  The tax is:
  Not over
  $13,600
  10% of taxable
  income.
  Over $13,600 but
  not over $51,800
  $1,360, plus
  12% of the excess over $13,600.
  Over $51,800 but
  not over $82,500
  $5,944, plus
  22% of the excess over $51,800.
  Over $82,500 but
  not over $157,500
  $12,698, plus
  24% of the excess over $82,500.
  Over $157,500
  but not over $200,000
  $30,698, plus
  32% of the excess over $157,500.
  Over $200,000
  but not over $500,000
  $44,298, plus
  35% of the excess over $200,000.
  Over $500,000
  but not over $1,000,000
  $149,298, plus
  37% of the excess over $500,000.
  Over
  $1,000,000
  $334,298, plus
  39.6% of the excess over $1,000,000
   .
(c)
Unmarried individuals other than surviving spouses and heads of households
Section 1(c) of such Code is amended by striking the table contained therein and inserting the following:
  If taxable income is:     The tax is:  Not over $9,525   10% of taxable income.       Over $9,525 but not over $38,700   $952.50, plus 12% of the excess over $9,525.       Over $38,700 but not over $82,500   $4,453.50, plus 22% of the excess over $38,700.       Over $82,500 but not over $157,500   $14,089.50, plus 24% of the excess over $82,500.       Over $157,500 but not over $200,000   $32,089.50, plus 32% of the excess over $157,500.       Over $200,000 but not over $500,000   $45,689.50, plus 35% of the excess over $200,000.       Over $500,000 but not over $1,000,000   $150,689.50, plus 37% of the excess over $500,000.       Over $1,000,000   $335,698.50, plus 39.6% of the excess over $1,000,000  .
(d)
Married individuals filing separate returns
Section 1(d) of such Code is amended by striking the table contained therein and inserting the following:
  If taxable income is:
  The tax is:
  Not over
  $9,525
  10% of taxable
  income.
  Over $9,525 but
  not over $38,700
  $952.50, plus
  12% of the excess over $9,525.
  Over $38,700 but
  not over $82,500
  $4,453.50,
  plus 22% of the excess over $38,700.
  Over $82,500 but
  not over $157,500
  $14,089.50,
  plus 24% of the excess over $82,500.
  Over $157,500
  but not over $200,000
  $32,089.50,
  plus 32% of the excess over $157,500.
  Over $200,000
  but not over $300,000
  $45,689.50,
  plus 35% of the excess over $200,000.
  Over $300,000
  but not over $1,000,000
  $80,689.50,
  plus 37% of the excess over $300,000.
  Over
  $1,000,000
  $339,689.50,
  plus 39.6% of the excess over $1,000,000
   .
(e)
Estates and trusts
Section 1(e) of such Code is amended by striking the table contained therein and inserting the following:
  If taxable income is:     The tax is:  Not over $2,550   10% of taxable income.       Over $2,550 but not over $9,150   $255, plus 24% of the excess over $2,550.       Over $9,150 but not over $12,500   $1,839, plus 35% of the excess over $9,150.       Over $12,500   $3,011.50, plus 37% of the excess over $12,500.  .
(f)
Inflation adjustments
Section 1(f) of such Code is amended—
(1)
by amending paragraph (2)(A) to read as follows:
(A)
by increasing the minimum and maximum dollar amounts for each bracket for which a tax is imposed under such table by the cost-of-living adjustment for such calendar year, determined under this subsection for such calendar year by substituting ‘2017’ for ‘2016’ in paragraph (3)(A)(ii),
 ,
(2)
by amending paragraph (7) to read as follows:
(7)
Rounding
(A)
In general
Except as provided in subparagraph (B), if any increase determined under paragraph (2)(A) is not a multiple of $25, such increase shall be rounded to the next lowest multiple of $25.
(B)
Joint returns, etc
In the case of a table prescribed under subsection (a), subparagraph (A) shall be applied by substituting  $50  for  $25  both places it appears.
 ,
(3)
by striking paragraph (8), and
(4)
in the heading, by striking
Phaseout of marriage penalty in 15-percent bracket; adjustments   and inserting
Adjustments  .
(g)
Conforming amendments
(1)
Section 1 of such Code is amended by striking subsections (i) and (j).
(2)
Section 3402(q)(1) of such Code is amended by striking  third lowest  and inserting  fourth lowest .
(h)
Effective date
(1)
In general
The amendments made by this section shall apply to taxable years beginning after December 31, 2025.
(2)
Application of section 15
Section 15 of such Code shall not apply to any change in a rate of tax by reason of—
(A)
section 1(j) of such Code (as in effect before its repeal by this section), or
(B)
any amendment made by this section.