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- H.R.1040
H.R.1040: Freedom Flat Tax Act
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about congress
- Introduced March 2, 2005
- Latest Major Action March 2, 2005
- See the ten similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
7 (1 Democrat, 7 Republicans)
Bill Summary
Freedom Flat Tax Act - Amends the Internal Revenue Code to authorize an individual or a person engaged in business activity to make an irrevocable election to be subject to a flat tax (in lieu of the existing tax provisions) of 19 percent for the first two years after an election is made, and 17 percent thereafter. Calculates taxable income for individual taxpayers by subtracting a basic standard deduction and an additional standard deduction...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| March 2, 2005 |
Introduced in the House by Michael C. Burgess (R-Texas) |