110-H.R.3948

To amend the Internal Revenue Code of 1986 to establish a temporary surtax to offset the current costs of the Iraq war.

10/23/2007--Introduced.

Share the Sacrifice Act of 2007 - Amends the Internal Revenue Code to impose an Iraq War surtax on the net income tax liabilities of individuals, estates and trusts, and corporations. Exempts from such surtax: (1) members of the Armed Forces who have received combat pay after September 11, 2001; (2) survivors of military personnel who received a death gratuity; and (3) taxpayers with adjusted gross income not in excess of $30,000.

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