A bill to amend the Internal Revenue Code of 1954 to provide a 67 percent maximum tax rate for individual income taxes and to reduce capital gains tax rates for corporations and individuals.
Investment Incentive Act of 1981-Amends the Internal Revenue Code to: (1) reduce the maximum income tax rate for individuals from 70 percent to 67 percent; (2) increase the capital gains deduction for individuals from 60 percent to 70 percent; and (3) reduce the corporate capital gains tax rate from 28 percent to 20 percent.
Introduced in Senate
Read second time and referred to Senate Committee on Finance.
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