Increase in income tax rates for highest earners
Title I — Increase in standard deduction and top tax rates
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(a) In general Section 1(j) is amended— (1) in paragraph (1), by striking paragraphs (2) through (6) and inserting paragraphs (2) through (7), and (2) by adding at the end the following new paragraph: (7) Temporary increase in rates for highest earners In the case of a taxable year beginning after December 31, 2025, and before January 1, 2036, paragraph (2) shall be applied— (A) by substituting 41% for 35% each place it appears, and (B) by substituting 43% for 37% each place it appears.. (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2025.