# 119-hr-2534: Paying a Fair Share Act of 2025

119-hr-2534, Paying a Fair Share Act of 2025, is a 119th Congress bill sponsored by Rep. Boyle, Brendan F. [D-PA-2] (D-PA); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-2534
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2534
- Congress: 119
- Title: Paying a Fair Share Act of 2025
- Status: introduced
- Introduced: 2025-04-01
- Sponsor: Rep. Boyle, Brendan F. [D-PA-2] (D-PA)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Creates a new "Fair Share Tax" that would charge an extra tax on very high earners based on how far their adjusted gross income (AGI) exceeds $1 million.** The tax sets a tentative base equal to 30% of income above a modified charitable deduction and then compares that to a taxpayer’s regular tax, payroll taxes, and other specified amounts to determine the additional tax. - High-income taxpayers. Individuals (not corporations) with AGI over $1.0 million would face the new tax, with the threshold set at 50 percent of that amount for married people filing separately. The threshold is indexed for inflation after 2025 and rounded down to the nearest $10,000. - Charitable donors and non-itemizers. The law defines a "modified charitable contribution deduction" that is tied to itemized deductions. If a taxpayer does not itemize, the modified charitable deduction is zero which increases the income subject to the 30% tentative charge. - How the extra tax is computed and treated. The additional tax is the excess of the tentative 30% amount over the taxpayer’s regular tax, the section 55 tax, and payroll taxes, after allowed credits are applied. The Fair Share Tax itself is not treated as tax for calculating most other tax credits under the code. *The bill’s text frames the change as reducing the deficit by billions annually.*

## Cosponsors (2)

- Rep. Khanna, Ro [D-CA-17] (D-CA), 2025-04-01T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2025-04-01T00:00:00.000Z

## Provisions PRIA read

- Minimum tax for million-dollar incomes: cost, high. This bill would add a new minimum tax on high-income filers (individuals, estates, and trusts). It would apply if your AGI is over $1,000,000 ($500,000 if married filing separately), with inflation indexing after 2025. The tentative tax would be 30% of your AGI after a modified charitable deduction…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-8870: BUILD America 250 Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act

## Sources
- [119-hr-2534 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2534)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-8870: BUILD America 250 Act](https://policyrisk.com/legislation/119-hr-8870)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2534 (as of 2026-04-21).