American Taxpayer Relief Act of 2012

URI: https://gptkb.org/entity/American_Taxpayer_Relief_Act_of_2012

GPTKB entity

Statements (34)

Predicate	Object
gptkbp:instanceOf	gptkb:United_States_federal_law
gptkbp:affects	gptkb:alternative_minimum_tax_(AMT) estate and gift taxes capital gains and dividends taxes federal income tax rates payroll tax holiday (expired)
gptkbp:amendedBy	gptkb:Internal_Revenue_Code
gptkbp:category	gptkb:Acts_of_the_112th_United_States_Congress gptkb:2012_in_American_law Taxation in the United States
gptkbp:enactedBy	gptkb:United_States_Congress
gptkbp:extendsTo	unemployment insurance benefits certain tax credits (EITC, Child Tax Credit, American Opportunity Tax Credit)
gptkbp:HouseVote	257-167
https://www.w3.org/2000/01/rdf-schema#label	American Taxpayer Relief Act of 2012
gptkbp:improves	capital gains tax rate for high-income earners estate tax rate to 40%
gptkbp:introduced	gptkb:Senator_Mitch_McConnell
gptkbp:introducedIn	gptkb:United_States_Senate December 31, 2012
gptkbp:permanently_extended	Bush-era tax cuts for individuals earning less than $400,000 and couples less than $450,000
gptkbp:postponedDueTo	sequestration for two months
gptkbp:publicLawNumber	gptkb:Public_Law_112-240
gptkbp:purpose	to address the expiration of the Bush tax cuts to avert the fiscal cliff
gptkbp:repealedBy	gptkb:Pease_limitation_for_high-income_earners gptkb:Personal_Exemption_Phaseout_(PEP)_for_high-income_earners
gptkbp:restored	top marginal income tax rate to 39.6% for individuals earning over $400,000 and couples over $450,000
gptkbp:SenateVote	89-8
gptkbp:shortName	gptkb:ATRA
gptkbp:signedBy	gptkb:Barack_Obama January 2, 2013
gptkbp:bfsParent	gptkb:United_States_federal_law
gptkbp:bfsLayer	4