Fairness in the American Tax Code Act of 2011

referredUnited States· United States Congress· EN

Introduced

5 October 2011

Last action

5 October 2011 · Introduced

Status

Referred to the House Committee on Ways and Means.

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

5 October 2011
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
5 October 2011
Introduced
Sponsor introductory remarks on measure. (CR E1774-1775)
Source: IntroReferral
5 October 2011
Introduced
Introduced in House
Source: IntroReferral
5 October 2011
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 5 October 2011 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 5 October 2011
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Introduced in House (PDF)
Introduced in House · EN · 5 October 2011
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Introduced in House
summary · EN · 5 October 2011
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → Small Business Tax Relief Act of 2011
related to ← 21st Century WPA Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/112th-congress/house-bill/3105
Open data entity: https://api.congress.gov/v3/bill/112/hr/3105
us · 112-hr-3105 · source updated 14 August 2025