United States · Bill · HR
H.R. 2842 (114th)
Individual Rate Simplification Act of 2015
Introduced
18 June 2015
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
12 August 2025
Summary
Individual Rate Simplification Act of 2015 This bill amends the Internal Revenue Code to revise individual income tax rates to establish a 20% rate on taxable income of $1 million or less and a 30% rate on taxable income over $1 million for taxable years beginning after December 31, 2015. The bill requires an annual inflation adjustment to the $1 million threshold amount in taxable years beginning after 2016.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 18 June 2015
Introduced in House (PDF)
Introduced in House · EN · 18 June 2015
Introduced in House
summary · EN · 18 June 2015
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/114th-congress/house-bill/2842
- Open data entity: https://api.congress.gov/v3/bill/114/hr/2842