A “surtax” — at its most basic —simply amounts to a tax added onto an existing tax. The Build Back Better surtax builds upon existing income tax rates. Couples filing jointly, under our current system, will face a 37 percent tax on income over $647,850 in 2022. The Build Back Better doesn’t change that rate. But Build Back Better does add a surcharge that will impact households making over $10 million. More

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