To amend the Internal Revenue Code of 1986 to provide that the net capital gain of certain individuals shall not be subject to tax.
Middle Class Investor Tax Relief Act of 2007 - Amends the Internal Revenue Code to allow individual taxpayers a deduction from gross income for their net capital gains. Limits the amount of the deduction based upon taxpayer adjusted gross income.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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