HR 5874 · 101th Congress · Taxation

To amend the Internal Revenue Code of 1986 to increase the marginal tax rate for high-income taxpayers.

Introduced 1990-10-19· Sponsored by Rep. Coyne, William J. [D-PA-14]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.5835.(1990-11-05)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only