h 37956 1109739600 false 0 1109739600 1040 207 109 400052

<br/>3/2/2005--Introduced.<br/>Freedom Flat Tax Act - Amends the Internal Revenue Code to authorize an individual or a person engaged in business activity to make an irrevocable election to be subject to a flat tax (in lieu of the existing tax provisions) of 19 percent for the first two years after an election is made, and 17 percent thereafter. Calculates taxable income for individual taxpayers by subtracting a basic standard deduction and an additional standard deduction for each dependent from the total of wages, retirement distributions, and unemployment compensation. Defines &amp;quot;business taxable income&amp;quot; to mean gross active income reduced by the cost of certain business inputs. Imposes an employer tax on the value of excludable compensation provided to employees not engaged in business activity of 19 percent for the first two years after an election is made under this Act and 17 percent thereafter. Repeals the estate, gift, and generation-skipping transfer taxes. Requires a two-thirds vote of the House of Representatives or the Senate to increase the flat tax rate proposed by this Act or to reduce the amount of the standard deduction or business-related deductions allowed by this Act.<br/>

introduced 37956 'act':4 'tax':3 'flat':2 'freedom':1 36511 short introduced 37956 'tax':14,20 '1986':8 'code':6 'flat':13 'amend':2 'incom':19 'altern':15 'intern':4 'provid':10 'revenu':5 'system':21 'taxpay':11 'current':18 36512 official introduced 37956 1109739600 Wed Mar 02 00:00:00 -0600 2005 78461 B001248 1950-12-23 1224 Longworth House Office Building https://forms.house.gov/wyr/welcome.shtml 26 202-225-2919 Michael 'r':4 'tx':5 '-26':6 'rep':1 'burgess':3,8,10 'michael':2,7,9 M 400052 Burgess Michael_C._Burgess C. Rep. Michael Burgess [R, TX-26] N00025219 6600 Republican 202-225-7772 Episcopalian TX Michael Burgess 5.90909090909091 http://burgess.house.gov/ drmichaelburgess B000617 1954-01-02 Henry 'henri':1,3,5 'bonilla':2,4,6 M 400037 Bonilla Henry_Bonilla Henry Bonilla N00005985 235 Republican Baptist Henry Bonilla H000067 1923-05-03 2405 Rayburn House Office Building http://www.house.gov/ralphhall/IMA/zipauth.htm 4 202-225-3332 Ralph 'r':4 '-4':6 'tx':5 'rep':1 'hall':3,8,10 'ralph':2,7,9 M 400165 Hall Ralph_M._Hall Moody Rep. Ralph Hall [R, TX-4] N00005645 6244 Republican 202-225-6673 Methodist TX Ralph Hall 6.375 http://www.house.gov/ralphhall/ M001157 1962-01-14 131 Cannon House Office Building http://www.house.gov/writerep 10 202-225-5955 Michael 'r':4 'tx':5 '-10':6 'rep':1 'mccaul':3,8,10 'michael':2,7,9 M 400654 McCaul Michael_T._McCaul T. Rep. Michael McCaul [R, TX-10] N00026460 6536 Republican 202-225-2401 Unknown TX Michael McCaul 3.75 http://www.house.gov/mccaul/ MichaelTMcCaul P000587 1959-06-07 1317 Longworth House Office Building https://forms.house.gov/pence/IMA/contact_form.htm 6 202-225-3382 Mike 'r':4 '-6':6 'rep':1 'mike':2,7,9 'penc':3,8,10 M 400315 Pence Mike_Pence Rep. Mike Pence [R, IN-6] N00003765 7751 Republican 202-225-3021 Christian IN Mike Pence 6.0 http://mikepence.house.gov/ CongressmanMikePence S001157 1946-06-27 417 Cannon House Office Building http://www.house.gov/writerep 13 202-225-4628 David 'd':4 'ga':5 '-13':6 'rep':1 'david':2,7,9 'scott':3,8,10 M 400363 Scott David_Scott Rep. David Scott [D, GA-13] N00024871 6862 Democrat 202-225-2939 Baptist GA David Scott 2.76923076923077 http://davidscott.house.gov/ S000250 1955-03-22 1514 Longworth House Office Building http://www.house.gov/sessionsform/emailform.htm 32 202-225-5878 Peter 'r':4 'tx':5 '-32':6 'rep':1 'pete':9 'peter':2,7,10 'session':3,8,11 M 400367 Sessions Pete_Sessions A. Rep. Peter Sessions [R, TX-32] Pete N00005681 5108 Republican 202-225-2231 Methodist TX Pete Peter Sessions 6.5 http://sessions.house.gov/ introduced 37956 1109739600 Wed Mar 02 00:00:00 -0600 2005 78461 action 37956 1109739600 Wed Mar 02 00:00:00 -0600 2005 78462 Referred to the House Committee on Ways and Means.