Summary: H.R.389 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.389. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/14/2015)

Fairness in Taxation Act of 2015

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.