United States · Bill · HR
H.R. 5874 (101st)
To amend the Internal Revenue Code of 1986 to increase the marginal tax rate for high-income taxpayers.
Introduced
19 October 1990
Last action
—
Status
See H.R.5835.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to increase the marginal tax rate for higher-income taxpayers, including creation of a 35 percent bracket. Sets the maximum capital gains rate at 28 percent. Repeals the phase-out of the 15-percent rate and personal exemptions.
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Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 19 October 1990
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/101st-congress/house-bill/5874
- Open data entity: https://api.congress.gov/v3/bill/101/hr/5874