The Joint Committee on Taxation analyzed the bill under a scenario in which expiring income-tax cuts would be allowed to lapse. Under that scenario, wages and dividends would be taxed at a top rate of 39.6 percent, capital gains would be taxed at a top rate of 20 percent and a 3.8 percent tax on unearned income would be in effect.

The bill is S. 2059.

 

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