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Code · BILL · 116th Congress · S. 478 (Introduced in Senate) — To enhance Social Security benefits and ensure the long-term solvency of the Social Security program. · Sec. 8

Sec. 8. Tax on investment gain

69 words·~1 min read·/bill/116/s/478/is/section-8

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Subsection
(a)of section 1411 of the Internal Revenue Code of 1986 is amended by striking 3.8 percent each place it appears and inserting 10 percent . The heading for chapter 2A of the Internal Revenue Code of 1986 is amended by inserting after and Social Security . Medicare The amendments made by this section shall apply to taxable years beginning after the date of enactment of this Act.
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