Middle Class Tax Relief Act of 2007

Summary

Middle Class Tax Relief Act of 2007- Amends the Internal Revenue Code to: (1) allow individual taxpayers with adjusted gross incomes of less than $75,000 ($150,000 for joint returns) a tax credit for 10% of their income tax; (2) eliminate income taxes for individual taxpayers with adjusted gross incomes of less than $12,500 ($25,000 for joint returns); (3) double the child tax credit for individual taxpayers with adjusted gross incomes of less than $75,000 ($150,000 for joint returns); (4) eliminate the alternative minimum tax in 2008 for certain individual taxpayers; and (5) impose an income tax surtax on individual taxpayers with adjusted gross incomes of over $500,000 ($1 million for joint returns).

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 July 2007

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• Introduced in House (PDF)

  Introduced in House · EN · 10 July 2007

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• Introduced in House

  summary · EN · 10 July 2007

  Open at official source

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