A bill to amend the Internal Revenue Code of 1986 to apply inflation adjustments to the additional hospital insurance tax on high income taxpayers.
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Summary
Based on the bill's title, this legislation would amend the Internal Revenue Code to apply inflation adjustments to the additional Medicare hospital insurance tax (the 0.9% tax on wages and self-employment income above certain thresholds for high-income taxpayers). The bill would index these income thresholds to inflation, meaning the dollar amounts at which the tax applies would increase annually with inflation rather than remaining fixed. The specific mechanics and effective date are not available from the title alone.
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