***** From the U.S. Code Online via GPO Access [wais.access.gpo.gov] [Laws in effect as of January 7, 2003] [Document not affected by Public Laws enacted between
January 7, 2003 and February 12, 2003] [CITE: 26USC1]
TITLE 26--INTERNAL REVENUE CODE Subtitle A--Income Taxes CHAPTER 1--NORMAL TAXES AND SURTAXES Subchapter A--Determination of Tax Liability PART I--TAX ON INDIVIDUALS
Sec. 1. Tax imposed
(a) Married individuals filing joint returns and surviving spouses<nobr> <wbr></nobr>......
(h) Maximum capital gains rate
(1) In general
If a taxpayer has a net capital gain for any taxable year, the tax imposed by this section for such taxable year shall not exceed the sum of-- (A) a tax computed at the rates and in the same manner as if this subsection had not been enacted on the greater of-- (i) taxable income reduced by the net capital gain; or (ii) the lesser of-- (I) the amount of taxable income taxed at a rate
below 25 percent; or (II) taxable income reduced by the adjusted net capital gain;
(B) 10 percent of so much of the adj<nobr> <wbr></nobr>...... *****<nobr> <wbr></nobr>... I haven't figured out if my 26.A.1.A.I.1.h.1.A.ii.I is greater than my 26.A.1.A.I.1.h.A.ii.II or not?<nobr> <wbr></nobr>... is this how this is versioned?<nobr> <wbr></nobr>.. maybe I have to include -20030107?
Come to think of it, 26.A.1.A.I.1.h.1.A.ii.I-20030107 = 26.A.1.A.I.1.h.1.A.ii.II-20030107.
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Posted by: Anonymous Coward on June 14, 2005 05:14 PM[ <a href="http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=browse_usc&docid=Cite:+26USC1" title="gpo.gov">http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cg<nobr>i<wbr></nobr> ?dbname=browse_usc&docid=Cite:+26USC1</a gpo.gov> ]
*****
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and February 12, 2003]
[CITE: 26USC1]
TITLE 26--INTERNAL REVENUE CODE
Subtitle A--Income Taxes
CHAPTER 1--NORMAL TAXES AND SURTAXES
Subchapter A--Determination of Tax Liability
PART I--TAX ON INDIVIDUALS
Sec. 1. Tax imposed
(a) Married individuals filing joint returns and surviving spouses<nobr> <wbr></nobr>......
(h) Maximum capital gains rate
(1) In general
If a taxpayer has a net capital gain for any taxable year, the
tax imposed by this section for such taxable year shall not exceed
the sum of--
(A) a tax computed at the rates and in the same manner as if
this subsection had not been enacted on the greater of--
(i) taxable income reduced by the net capital gain; or
(ii) the lesser of--
(I) the amount of taxable income taxed at a rate
below 25 percent; or
(II) taxable income reduced by the adjusted net
capital gain;
(B) 10 percent of so much of the adj<nobr> <wbr></nobr>......
*****<nobr> <wbr></nobr>... I haven't figured out if my 26.A.1.A.I.1.h.1.A.ii.I is greater than my 26.A.1.A.I.1.h.A.ii.II or not?<nobr> <wbr></nobr>... is this how this is versioned?<nobr> <wbr></nobr>.. maybe I have to include -20030107?
Come to think of it, 26.A.1.A.I.1.h.1.A.ii.I-20030107 = 26.A.1.A.I.1.h.1.A.ii.II-20030107.
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