Top Ten Terrible Tax Act of 1999

Summary

Top Ten Terrible Tax Act of 1999 - Amends the Internal Revenue Code to: (1) to provide for the phaseout and repeal of the estate and gift taxes over a ten year period; (2) repeal the communications services excise tax; (3) make the standard deduction for joint filers twice that of single filers and the tax rate on a single filer's return one-half the rate of a jointly filed return; (4) to provide for the phaseout and repeal of the capital gains taxes over a ten year period; (5) repeal the excise tax on vaccines; (6) repeal the excise tax on sport fishing equipment and revise the excise tax on bows and arrows; (7) repeal the 1993 income tax increase on social security benefits; (8) in general, exclude dividends and interest from gross income; and (9) repeal the 1993 increases in motor fuel taxes. Amends the Communications Act of 1934 to repeal the universal service charge.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 July 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 1 July 1999

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• Introduced in House

  summary · EN · 1 July 1999

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