To amend the Internal Revenue Code to establish a flat tax, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

22 December 2022

Last action

22 December 2022 · Introduced

Status

Referred to the House Committee on Ways and Means.

Summary

This bill imposes a 15% flat tax on the taxable income of each individual taxpayer. It defines taxable income as the excess of the sum of wages, taxable retirement distributions, plus unemployment compensation, over the standard deduction. The bill also imposes a 15% flat tax on business taxable income and on noncash compensation provided to employees not engaged in business activity. The bill repeals various existing tax provisions, including the alternative minimum tax, certain tax credits, and estate and gift taxes.

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

Timeline

22 December 2022
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
22 December 2022
Introduced
Introduced in House
Source: IntroReferral
22 December 2022
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 22 December 2022 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 22 December 2022
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Introduced in House (PDF)
Introduced in House · EN · 22 December 2022
View Download Open at official source
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 22 December 2022
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → Flat Tax Act
related to → SMART Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/117th-congress/house-bill/9680
Open data entity: https://api.congress.gov/v3/bill/117/hr/9680
us · 117-hr-9680 · source updated 7 February 2024