; and (2) any additional or alternative information submission deemed necessary by the Secretary of the Treasury to facilitate application and prompt delivery of the universal emergency rebates. 5. Treatment of universal emergency rebates for income tax purposes Notwithstanding any other provision of law, no amount received as a universal emergency rebate shall be treated as income for the purpose of calculating Federal, State, or local tax liability. 6. Post-taxes on high-income earners (a) In general There is hereby imposed a tax on 2020 Universal Emergency Rebates for top income earners for tax year 2020 equal to 100 percent of the applicable amount. (1) Applicable amount The term applicable amount shall be lesser of— (A) the amount paid to a taxpayer under section 3; or (B) 5 percent of the amount by which the taxpayer’s adjusted gross income exceeds the threshold amount. (2) Threshold amount The term threshold amount shall be— (A) $500,000 in the case of a taxpayer making a joint return under section 6103 or a surviving spouse (as defined in section 2(a))