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HR 1124 112th Congress House Taxation Capital gains tax Income tax rates

Fairness in Taxation Act of 2011

Introduced: May 2, 2011 Introduced by: Schakowsky, Janice D. Democratic · Illinois See on congress.gov
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 2011
Referred to the House Committee on Ways and Means.
Mar 16, 2011
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now March 16, 2011

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • HR 6535 Related bill Save America's National Economy Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 5
D
Hirono, Mazie K.
Hawaii · May 26, 2011
FRANK, BARNEY
· May 2, 2011
 D
Johnson, Henry C. "Hank"
Georgia · May 2, 2011
 D
McCollum, Betty
Minnesota · Mar 31, 2011
 D
Cohen, Steve
Tennessee · Mar 16, 2011
 D
Nadler, Jerrold
New York · Mar 16, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1124: Fairness in Taxation Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-HR-1124/
MLA
"H.R. 1124: Fairness in Taxation Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-1124/.
Bluebook (legal)
H.R. 1124, 112th Cong. (2026), https://openamerica.io/bill/112-HR-1124/.
Markdown link
[H.R. 1124: Fairness in Taxation Act of 2011](https://openamerica.io/bill/112-HR-1124/)
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