H.R.1124 - Fairness in Taxation Act of 2011

To amend the Internal Revenue Code of 1986 to impose increased rates of tax with respect to taxpayers with more than $1,000,000 taxable income, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to impose increased rates of tax with respect to taxpayers with more than $1,000,000 taxable income, and for other purposes. as introduced.
  • Short: Fairness in Taxation Act of 2011 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
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03/15/11
 
 
 
 
 
 
 

Sponsor

Representative

Janice Schakowsky

D-IL

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Official Summary

3/16/2011--Introduced.Fairness in Taxation Act of 2011 - Amends the Internal Revenue Code to: (1) increase individual income tax rates for taxpayers whose taxable income exceeds $1 million, and (2) provide for an adjustment in the capital gains tax of taxpayers whose taxable income is subj

Official Summary

3/16/2011--Introduced.Fairness in Taxation Act of 2011 - Amends the Internal Revenue Code to:
(1) increase individual income tax rates for taxpayers whose taxable income exceeds $1 million, and
(2) provide for an adjustment in the capital gains tax of taxpayers whose taxable income is subject to the 45% tax bracket.

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