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.
USA115th CongressHR-636| House
| Updated: 1/24/2017
Janice D. Schakowsky
Democratic Representative
Illinois
Cosponsors (11)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Fairness in Taxation Act of 201 7 This bill 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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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Capital gains taxIncome tax rates
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.
USA115th CongressHR-636| House
| Updated: 1/24/2017
Fairness in Taxation Act of 201 7 This bill 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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Janice D. Schakowsky
Democratic Representative
Illinois
Cosponsors (11)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Capital gains taxIncome tax rates