U.S. Congress - H.R.2710 Fair and Impartial Reform Tax Act of 2011
H.R.2710 - Fair and Impartial Reform Tax Act of 2011
To amend the Internal Revenue Code of 1986 to repeal certain tax cuts extended for high income individuals. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to repeal certain tax cuts extended for high income individuals. as introduced.
- Short: Fair and Impartial Reform Tax Act of 2011 as introduced.
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Official Summary
7/29/2011--Introduced.Fair and Impartial Reform Tax Act of 2011 - Amends the Internal Revenue Code to: (1) revise income tax rates for individuals and increase such rates for taxpayers with adjusted gross incomes in excess of $500,000, (2) impose limits on and phaseouts of personal exemptiOfficial Summary
7/29/2011--Introduced.Fair and Impartial Reform Tax Act of 2011 - Amends the Internal Revenue Code to:(1) revise income tax rates for individuals and increase such rates for taxpayers with adjusted gross incomes in excess of $500,000,
(2) impose limits on and phaseouts of personal exemptions and itemized deductions for high income taxpayers,
(3) increase the tax rate on net capital gains and dividend income, and
(4) increase the alternative minimum tax (AMT) on the net capital gains of noncorporate taxpayers for taxable years beginning after 2011. Makes the general terminating date of the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) (i.e., December 31, 2012) applicable to the amendments made by this Act.
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