# 119-s-1243: Paying a Fair Share Act of 2025

119-s-1243, Paying a Fair Share Act of 2025, is a 119th Congress bill sponsored by Sen. Whitehouse, Sheldon [D-RI] (D-RI); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-1243
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1243
- Congress: 119
- Title: Paying a Fair Share Act of 2025
- Status: introduced
- Introduced: 2025-04-01
- Sponsor: Sen. Whitehouse, Sheldon [D-RI] (D-RI)
- Cosponsors: 15
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Creates a new supplemental tax on high-income individuals** by adding a statutory "Fair Share Tax" that would target taxpayers with adjusted gross income above $1,000,000. The law would compute a tentative 30% charge on AGI above a modified charitable deduction and then phase in the extra tax based on how far AGI exceeds the threshold. - Individuals and households with very high incomes would face an additional tax calculated from a 30% tentative fair-share rate on excess AGI and a phase-in fraction tied to the $1,000,000 threshold, which is indexed for inflation and halved for married filers filing separately. - Charitable donors who itemize would use a "Modified Charitable Contribution Deduction" in the fair-share calculation, while taxpayers who do not itemize would have that deduction treated as zero for this tax. - Payroll taxes are included in the comparison pool that offsets the new tax, affecting how much extra tax applies to wage earners, and estates and trusts compute AGI for this tax under special rules in section 67(e). *Would raise federal revenue by creating a separate, incremental tax on the wealthiest taxpayers.*

## Cosponsors (15)

- Sen. Merkley, Jeff [D-OR] (D-OR), 2025-04-01T00:00:00.000Z
- Sen. Blumenthal, Richard [D-CT] (D-CT), 2025-04-01T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2025-04-01T00:00:00.000Z
- Sen. Durbin, Richard J. [D-IL] (D-IL), 2025-04-01T00:00:00.000Z
- Sen. Klobuchar, Amy [D-MN] (D-MN), 2025-04-01T00:00:00.000Z
- Sen. Reed, Jack [D-RI] (D-RI), 2025-04-01T00:00:00.000Z
- Sen. Hirono, Mazie K. [D-HI] (D-HI), 2025-04-01T00:00:00.000Z
- Sen. Sanders, Bernard [I-VT] (I-VT), 2025-04-01T00:00:00.000Z
- Sen. Baldwin, Tammy [D-WI] (D-WI), 2025-04-01T00:00:00.000Z
- Sen. Warren, Elizabeth [D-MA] (D-MA), 2025-04-01T00:00:00.000Z
- Sen. Booker, Cory A. [D-NJ] (D-NJ), 2025-04-01T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2025-04-01T00:00:00.000Z
- Sen. Smith, Tina [D-MN] (D-MN), 2025-04-01T00:00:00.000Z
- Sen. Markey, Edward J. [D-MA] (D-MA), 2025-04-01T00:00:00.000Z
- Sen. Padilla, Alex [D-CA] (D-CA), 2025-04-04T00:00:00.000Z

## Provisions PRIA read

- New supplemental tax for very high earners: cost, high. If enacted, this bill would add a new supplemental "Fair Share" tax for people (and estates or trusts) with AGI over $1,000,000 ($500,000 if married filing separately). The tentative tax equals 30% of AGI above a modified charitable deduction. For non-itemizers that charitable amount would be zero;…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-2763: Keep Billionaires Out of Social Security Act
- 119-s-3869: Healthy Families Act
- 119-s-51: Washington, D.C. Admission Act

## Sources
- [119-s-1243 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1243)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-2763: Keep Billionaires Out of Social Security Act](https://policyrisk.com/legislation/119-s-2763)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [119-s-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-s-51)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1243 (as of 2026-04-21).