A bill to amend the Internal Revenue Code of 1986 to require that the major categories of Federal outlays and incomes be shown in graphs on the first page of the instructions for individuals income tax returns.

Summary

Amends the Internal Revenue Code to require the Secretary of the Treasury to include on the first page of instruction booklets for individual income tax returns a pie-shaped graph depicting the relative sizes of the following categories of Federal outlay for the immediately preceding fiscal year: (1) defense, veterans, and foreign affairs; (2) Social Security, Medicare, and other retirement; (3) physical, human, and community development; (4) social programs; (5) law enforcement and general government; and (6) interest on the debt. Requires a corresponding pie-shaped graph illustrating income from: (1) Social Security, Medicare, unemployment, and other retirement taxes; (2) personal income taxes; (3) corporate income taxes; (4) borrowing to cover the deficit; and (5) excise, customs, estate, gift, and miscellaneous taxes. Requires specified footnotes to the graph depicting major outlay categories.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 22 July 1987

  Open at official source

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