Sec. 9. Tax on investment gain
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/bill/117/s/3070/is/section-9A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 6.8 percent . The heading for chapter 2A of the Internal Revenue Code of 1986 is amended by inserting after and Social Security . Medicare Section 201 of the Social Security Act ( 42 U.S.C. 401 ) is amended— in subsection (a)— by striking clause each place it appears and inserting paragraph ; and in the flush text at the end, by striking clauses each place it appears and inserting paragraphs ; and in subsection (g)(2), by striking clause each place it appears and inserting paragraph . Subsection
(a)of section 201 of the Social Security Act ( 42 U.S.C. 401 ), as amended by paragraph (1), is amended— in paragraph (4), by striking the period at the end and inserting ; and ; by inserting after paragraph
(4)the following new paragraph: 44.1 percent of the taxes imposed under section 1411 of the Internal Revenue Code of 1986. ; and in the flush matter at the end, by striking paragraphs
(3)and
(4)each place it appears and inserting paragraphs (3), (4), and
(5). The amendments made by this section shall apply to taxable years beginning after December 31, 2021.
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Sec. 9
Tax on investment gain
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