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United States · Bill · HR

H.R. 5599 (96th)

A bill to amend the Internal Revenue Code of 1954 to provide a maximum individual income tax rate of 50 percent.

referredUnited States· United States Congress· EN

Introduced

16 October 1979

Last action

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Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Amends the Internal Revenue Code to require a maximum individual income tax rate of 50 percent. Provides for the phasing-in of such 50 percent rate by five percent decrements over four years, beginning with 65 percent in 1980.

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Documents

1 official file

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