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United States · Bill · HR

H.R. 542 (98th)

Flat Rate Tax Act of 1983

referredUnited States· United States Congress· EN

Introduced

6 January 1983

Last action

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Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Flat Rate Tax Act of 1983 - Amends the Internal Revenue Code to repeal the income tax tables. Provides for a flat income tax rate of ten percent for all individuals, estates, and trusts. Repeals all special tax deductions, credits, and exclusions from income for individuals. Increases to $2,000 the amount of the personal tax exemption. Provides for a yearly cost of living adjustment to the amount of the personal tax exemption. Amends the Economic Recovery Tax Act of 1981 to change the effective date of provisions requiring the indexing of the personal tax exemption from 1985 to 1983.

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Documents

1 official file

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