H.R. 1124 · 112th Congress
Fairness in Taxation Act of 2011
- Stage
- In committee
- Sponsor
- Jan Schakowsky
- Introduced
- 2011-03-16
- Latest action
- 2011-03-16 · Introduced in House
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.