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- H.R.1040
H.R.1040: Freedom Flat Tax Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced March 11, 2011
- Latest Major Action March 11, 2011
- See the ten similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
10 (All 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% 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 each...
(Source: Library of Congress)
Bill Actions
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Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to House Ways and Means
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Referred to House Rules
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| March 11, 2011 |
Introduced in the House by Michael C. Burgess (R-Texas) |