Sec. 812. Health care income tax
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Subchapter A of chapter 1 (relating to determination of tax liability) is amended by adding at the end thereof the following new part: Subpart A. Health care income tax on individuals Sec. 59B. Health care income tax. In the case of an individual, there is hereby imposed on the taxable income of the taxpayer for the taxable year a tax (in addition to any other tax imposed by this subtitle) determined in accordance with the following tables: In the case of any taxpayer making a joint return under section 6013 or a surviving spouse (as defined in section 2(a)), the following table shall apply:
If taxable income is: The tax is: Not over $250,000 2.2% of taxable income. Over $250,000 but not over $400,000 $5,500, plus 3.2% of the excess over $250,000. Over $400,000 but not over $600,000 $10,300, plus 4.2% of the excess over $400,000. Over $600,000 $18,700, plus 5.2% of the excess over $600,000. In the case of any taxpayer not described in paragraph (1), the following table shall apply: If taxable income is: The tax is: Not over $200,000 2.2% of taxable income. Over $200,000 but not over $400,000 $4,400, plus 3.2% of the excess over $200,000.
Over $400,000 but not over $600,000 $10,800, plus 4.2% of the excess over $400,000. Over $600,000 $19,200, plus 5.2% of the excess over $600,000. In the case of any taxable year beginning after 2017, each of the dollar amounts set forth in the tables in subsection
(a)shall be increased by an amount equal to— such dollar amount, multiplied by the cost-of-living adjustment determined under section 1(f)(3) for such calendar year by substituting calendar year 2016 for calendar year 1992 in subparagraph
(B)thereof. If the amount as adjusted under paragraph
(1)is not a multiple of $1,000, such amount shall be rounded to the next lowest multiple of $1,000. The tax imposed by this section shall not be treated as a tax imposed by this chapter for purposes of determining— the amount of any credit allowable under this chapter, or the amount of the minimum tax imposed by section 55. For purposes of this title, the tax imposed by this section shall be treated as imposed by section 1. The gross income of an employee shall not include any payment by his employer to reimburse the employee for the tax paid by the employee under this section. The rules of section 59A(d) shall apply to the tax imposed by this section. . The table of parts for subchapter A of chapter 1 is amended by adding at the end the following new item: Part VIII. Health care related taxes . The amendments made by this section shall apply to taxable years beginning after December 31, 2016.