A bill to amend the Internal Revenue Code of 1954 to provide that no individual shall pay an income tax of less than 10 percent of his net income which exceeds $30,000 for any taxable year.

Summary

Amends the Internal Revenue Code to provide that no individual shall pay an income tax of less than ten percent of his adjusted gross income which exceeds $30,000 ($60,000 for married individuals filing jointly). Provides that for purposes of this Act adjusted gross income shall be computed without regard for the exclusion for interest on government obligations.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 January 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 4 January 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 January 1977

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 4 January 1977

  Open at official source

Sponsors

• Rep. Bennett, Charles E. [D-FL-3] · D · Sponsor
• · hswm00 · Standing

Related records

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