Section 1 Short title
This Act may be cited as the “Middle Class Savings Act”.
Middle Class Savings Act
A BILL
To amend the Internal Revenue Code of 1986 to apply current income tax bracket breakpoints to capital gains brackets.
Sec. 2 Application of current income tax bracket breakpoints to capital gains brackets
by striking “$77,200” in clause (i)(I) and inserting “$77,400”,
by striking “$51,700” in clause (i)(II) and inserting “$51,800”,
by striking “$479,000” in clause (ii)(I) and inserting “$600,000”,
by striking “$452,400” in clause (ii)(II) and inserting “$500,000”, and
by striking “$425,800” in clause (ii)(III) and inserting “$500,000”.
Effective date— The amendments made by this Act shall apply with respect to taxable years beginning after the date of enactment of this Act.