Flat Tax Bill
106th Congress
1st Session H.R. 5
IN THE HOUSE OF REPRESENTATIVES
OCTOBER 19TH, 1999
___________________________Introduced the following bill in which was referred to the Committee on _______________
A BILL
To tax income once and only once at a single rate.
1. Be it enacted by the Senate and the House of Representatives of the
2. United States of America in Congress assembled.
3. SECTION 1. THE TITLE
4. This Act may be cited as the " Flat Tax Bill."
5. SECTION 2. THE BILL
6. The flat tax replaces the current income tax code, which is very 7. complex, with a system so simple Americans could file their taxes on a 8. form the size of a postcard. What exactly is a flat tax? A flat tax sets 9. into place a single tax rate on all income subject to tax. The hundreds of 10. exemptions, credits, loopholes and deductions now in the tax system 11. would be eliminated to make the single tax rate as low as......
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