Sec. 144. Modification of deduction for personal casualty losses. Sec. 145. Termination of miscellaneous itemized deductions. Sec. 146. Repeal of overall limitation on itemized deductions. Sec. 147. Termination of exclusion for qualified bicycle commuting reimbursement. Sec. 148. Qualified moving expense reimbursement exclusion limited to members of Armed Forces. Sec. 149. Deduction for moving expenses limited to members of Armed Forces. Sec. 150. Limitation on wagering losses. Subtitle F—Increase in estate and gift tax exemption Sec. 151. Increase in estate and gift tax exemption. Title II—Increased exemption for Alternative Minimum Tax made permanent Sec. 201. Increased exemption for individuals. Title III—Budgetary effects Sec. 301. Budgetary effects. I Individual reform made permanent A Rate reform 101. Modification of rates (a) Married individuals filing joint returns and surviving spouses Section 1(a) is amended by striking the table contained therein and inserting the following: If taxable income is: The tax is: Not over $19,050 10% of taxable income. Over $19,050 but not over $77,400 $1,905, plus 12% of the excess over $19,050. Over $77,400 but not over $165,000 $8,907, plus 22% of the excess over $77,400. Over $165,000 but not over $315,000 $28,179, plus 24% of the excess over $165,000. Over $315,000 but not over $400,000 $64,179, plus 32% of the excess over $315,000. Over $400,000 but not over $600,000 $91,379, plus 35% of the excess over $400,000. Over $600,000 $161,379, plus 37% of the excess over $600,000. . (b) Head of households Section 1(b) is amended by striking the table contained therein and inserting the following: If taxable income is: The tax is: Not over $13,600 10% of taxable income. Over $13,600 but not over $51,800 $1,360, plus 12% of the excess over $13,600. Over $51,800 but not over $82,500 $5,944, plus 22% of the excess over $51,800. Over $82,500 but not over $157,500 $12,698, plus 24% of the excess over $82,500. Over $157,500 but not over $200,000 $30,698, plus 32% of the excess