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Article
Revenue Reconciliation Act of 1990
Agricultural Law Digest
Disciplines
Abstract
The legislation imposes a 31 percent marginal tax rate above the 15 and 28 percent marginal tax rate brackets. The phase-outs of the benefits from the 15 percent rate and the personal exemption amounts (creating the so-called "bubble") are repealed. The new 31 percent rate begins at the same level of taxable income as the phase-out range of prior law.
Publication Date
11-23-1990
Citation Information
Neil E. Harl. "Revenue Reconciliation Act of 1990" (1990) Available at: http://works.bepress.com/neil-harl/95/