1. Short title This Act may be cited as the Fairness in Taxation Act of 2017 . 2. Increased tax rates for taxpayers with more than $1,000,000 taxable income (a) In general (1) Married individuals filing joint returns and surviving spouses The table contained in subsection (a) of section 1 of the Internal Revenue Code of 1986 is amended to read as follows: If taxable income is: The tax is: Not over $18,650 10% of taxable income. Over $18,650 but not over $75,900 $1,865, plus 15% of the excess over $18,650. Over $75,900 but not over $153,100 $10,452.50, plus 25% of the excess over $75,900. Over $153,100 but not over $233,350 $29,752.50, plus 28% of the excess over $153,100. Over $233,350 but not over $416,700 $52,222.50, plus 33% of the excess over $233,350. Over $416,700 but not over $470,700 $112,728, plus 35% of the excess over $416,700. Over $470,700 but not over $1,000,000 $131,628, plus 39.6% of the excess over $470,700. Over $1,000,000 but not over $10,000,000 $341,231, plus 45% of the excess over $1,000,000. Over $10,000,000 but not over $20,000,000 $4,391,231, plus 46% of the excess over $10,000,000. Over $20,000,000 but not over $100,000,000 $8,991,231, plus 47% of the excess over $20,000,000. Over $100,000,000 but not over $1,000,000,000 $46,591,231, plus 48% of the excess over $100,000,000. Over $1,000,000,000 $478,391,231, plus 49% over the excess over $1,000,000,000. (2) Heads of household The table contained in subsection (b) of section 1 of such Code is amended to read as follows: If taxable income is: The tax is: Not over $13,350 10% of taxable income. Over $13,350 but not over $50,800 $1,335, plus 15% of the excess over $13,350. Over $50,800 but not over $131,200 $6,952.50, plus 25% of the excess over $50,800. Over $131,200 but not over $212,500 $27,052.50, plus 28% of the excess over $131,200. Over $212,500 but not over $416,700 $49,816.50, plus 33% of the excess over $212,500. Over $416,700 but not over $444,550 $117,202.50, plus 35% of the excess over $416,700. Over $444,550 but not over