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 “$103,350”,
by striking “$51,700” in clause (i)(II) and inserting “$69,200”,
by striking “$479,000” in clause (ii)(I) and inserting “$626,350”,
by striking “$452,400” in clause (ii)(II) and inserting “$591,600”, and
by striking “$425,800” in clause (ii)(III) and inserting “$591,600”.
Effective date— The amendments made by this Act shall apply with respect to taxable years beginning after December 31, 2024.