3.0.0 3105 2023-01-11T13:22:11Z 2023-01-11T13:22:11Z House H HR 2011-10-05 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HASTINGS of Florida:H.R. 3105.Congress has the power to enact this legislation pursuantto the following:The Sixteenth Amendment to the Constitution of the UnitedStates.[Page H6625]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-10-05T14:01:15Z 112 417 HR 2011-01-25 Referred to the House Committee on Ways and Means. Related bill CRS 112 1517 S 2011-09-07 Read twice and referred to the Committee on Finance. Related bill CRS 2011-10-05 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-10-05 Sponsor introductory remarks on measure. (CR E1774-1775) IntroReferral B00100 9 Library of Congress 2011-10-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-10-05 Introduced in House IntroReferral 1000 9 Library of Congress H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 N Taxation Income tax rates Taxation

00 2011-10-05 Introduced in House 2011-10-21T19:52:03Z Fairness in the American Tax Code Act of 2011 - Amends the Internal Revenue Code to impose an additional tax for taxable years beginning after December 31, 2011, on individual taxpayers equal to: (1) 5% of modified adjusted gross income exceeding $350,000, up to $500,000; (2) 10% of such income exceeding $500,00, up to $1 million; (3) 15% of such income exceeding $1 million, up to $10 million; and (4) 20% of such income exceeding $10 million. Defines "modified adjusted gross income" as adjusted gross income reduced by any deduction allowed for investment interest.  Provides for a cost-of-living adjustment to the income levels subject to additional tax for taxable years beginning after 2011.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2011-10-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3105ih/xml/BILLS-112hr3105ih.xml 2011-10-05 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.