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- S.963
S.963: Optional One Page Flat Tax Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced May 4, 2009
- Latest Major Action May 4, 2009
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Optional One Page 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% for the first two years after an election is made, and 17% thereafter. Calculates taxable income for individual taxpayers by subtracting a basic standard deduction and an additional standard deduction for...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| May 4, 2009 |
Introduced in the Senate by Lamar Alexander (R-Tenn.) |