Fair and Impartial Reform Tax Act of 2011

Summary

Fair and Impartial Reform Tax Act of 2011 - Amends the Internal Revenue Code to: (1) revise income tax rates for individuals and increase such rates for taxpayers with adjusted gross incomes in excess of $500,000, (2) impose limits on and phaseouts of personal exemptions and itemized deductions for high income taxpayers, (3) increase the tax rate on net capital gains and dividend income, and (4) increase the alternative minimum tax (AMT) on the net capital gains of noncorporate taxpayers for taxable years beginning after 2011. Makes the general terminating date of the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) (i.e., December 31, 2012) applicable to the amendments made by this Act.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 July 2011

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• Introduced in House (PDF)

  Introduced in House · EN · 29 July 2011

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• Introduced in House

  summary · EN · 29 July 2011

  Open at official source

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