HR 1124
112th Congress
House
Taxation
Capital gains tax
Income tax rates
Fairness in Taxation Act of 2011
Introduced: March 16, 2011
Introduced by:
Schakowsky, Janice D.
Democratic
· Illinois
See on congress.gov
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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1