other individual, $1,000,000. (4) Estates and trusts Paragraph (1) shall not apply in the case of an estate or trust. . (b) Application of current income tax brackets to capital gains brackets (1) In general (A) 0 -percent capital gains bracket Section 1(h)(1) is amended by striking which would (without regard to this paragraph) be taxed at a rate below 25 percent in subparagraph (B)(i) and inserting below the 15-percent rate threshold . (B) 15 -percent capital gains bracket Section 1(h)(1)(C)(ii)(I) is amended by striking which would (without regard to this paragraph) be taxed at a rate below 39.6 percent and inserting below the 20-percent rate threshold . (2) Rate thresholds defined Section 1(h) is amended by adding at the end the following new paragraph: (12) Rate thresholds defined For purposes of this subsection— (A) 15 -percent rate threshold The 15-percent rate threshold shall be— (i) in the case of a joint return or surviving spouse, $77,200 ( ½ such amount in the case of a married individual filing a separate return), (ii) in the case of an individual who is the head of a household (as defined in section 2(b)), $51,700, (iii) in the case of any other individual (other than an estate or trust), an amount equal to ½ of the amount in effect for the taxable year under clause (i), and (iv) in the case of an estate or trust, $2,600. (B) 20 -percent rate threshold The 20-percent rate threshold shall be— (i) in the case of a joint return or surviving spouse, $479,000 ( ½ such amount in the case of a married individual filing a separate return), (ii) in the case of an individual who is the head of a household (as defined in section 2(b)), $452,400, (iii) in the case of any other individual (other than an estate or trust), $425,800, and (iv) in the case of an estate or trust, $12,700. (C) Inflation adjustment In the case of any taxable year beginning after 2018, each of the dollar amounts in subparagraphs (A) and (B) shall be increased by an amount equal to— (i) such dollar amount, multiplied by (ii) the