100 STAT. 2096
PUBLIC LAW 99-514—OCT. 22, 1986
TITLE I—INDIVIDUAL INCOME TAX PROVISIONS Subtitle A—Rate Reductions; Increase in Standard Deduction and Personal Exemptions SEC. 101. RATE REDUCTIONS.
(a) GENERAL RULE.—Section 1 (relating to tax imposed on individuals) is amended to read as follows: "SECTION 1. TAX IMPOSED. "(a) MARRIED INDIVIDUALS F I U N G JOINT RETURNS AND SURVIVING
SPOUSES.—There is hereby imposed on the taxable income of— "(1) every married individual (as defined in section 7703) who makes a single return jointly with his spouse under section 6013, and "(2) every surviving spouse (as defined in section 2(a)), a tax determined in accordance with the following table: "If taxable income is Not over $29,750 Over $29,750
The tax is: 15% of taxable income. $4,462.50, plus 28% of the excess over $29,750.
"(h) HEADS OF HOUSEHOLDS.—There is hereby imposed on the
taxable income of every head of a household (as defined in section 2(b)) a tax determined in accordance with the following table: "If taxable income is Not over $23,900 Over $23,900
The tax is: 15% of taxable income. $3,585, plus 28% of the excess over $23,900.
"(c) UNMARRIED INDIVIDUALS (OTHER THAN SURVIVING SPOUSES AND HEADS OF HOUSEHOLDS).—There is hereby imposed on the tax-
able income of every individual (other than a surviving spouse as defined in section 2(a) or the head of a household as defined in section 2(h)) who is not a married individual (as defined in section 7703) a tax determined in accordance with the following table: "If taxable income is . Not over $17,850 Over $17,850
The tax is: 15% of taxable income. $2,677.50, plus 28% of the excess over $17,850.
"(d) MARRIED INDIVIDUALS FILING SEPARATE RETURNS.—There is
hereby imposed on the taxable income of every married individual (as defined in section 7703) who does not make a single return jointly with his spouse under section 6013, a tax determined in accordance with the following table: "If taxable income is ,, Not over $14,875 ' Over $14,875 •^
The tax is: 15% of taxable income. $2,231.25, plus 28% of the excess over $14,875.
"(e) ESTATES AND TRUSTS.—There is hereby imposed on the taxable income of— ..i.«s "(1) every estate, and "(2) every trust,
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