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- S.812
S.812: Flat Tax Act of 2005
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced April 15, 2005
- Latest Major Action April 15, 2005
- See the five similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Flat Tax Act of 2005 - Replaces the income tax with a flat tax of 20 percent of taxable earned income of individual taxpayers. Defines "taxable earned income" as the excess of earned income (wages, salaries, professional fees) over a standard deduction, a deduction for cash charitable contributions, and a deduction for home mortgage interest. Sets forth definitions and special rules for surviving spouses, heads of household, and dependents....
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| April 15, 2005 |
Introduced in the Senate by Arlen Specter (D-Pa.) |