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H.R.1040 Add to

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Freedom Flat Tax Act

To amend the Internal Revenue Code of 1986 to provide taxpayers a flat tax alternative to the current income tax system.

previous 110th session of congress Other Bill Titles (2 more)

2/14/2007--Introduced.
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% for the first two years after a... more

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IntroducedresultVoted on by HouseresultVoted on by SenateresultConsidered By PresidentresultBill Becomes Law
February 14, 2007
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In the News feed

April 15, 2008 A Visit of Faith and Reason

Recall that a few weeks ago I reported to you Congressman Michael Burgess' leadership in the House in introducing an optional flat tax bill (HR 1040) that ...

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Source: Human Events, DC


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October 20, 2008 The Daily Tribune Online - News

First and foremost I believe in a flat tax and I am a cosponsor of H.R. 1040, the Freedom Flat Tax Act. This would establish a flat tax in lieu of our present taxation system. I am also concerned that several tax cuts that were enacted ...

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Source: Obituaries from www.dailytribune.net


August 24, 2008 The Problem With a Flat Tax

Michael Burgess, (R-TX), introduced HR 1040, Freedom Flat Tax, in March 2007. It appears that HR 1040 was never scheduled for debate and was abandoned. But, the flat tax proponents have not given up and it’sa safe bet that another bill ...

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Source: CannonSpeak.com


August 21, 2008 21st Century Taxation: VAT - Why do we avoid the word in tax ...

For example, the Freedom Flat Tax (H.R. 1040) appears to be the Hall/Rabushka model that was also promoted for years by Congressman Armey. That tax is a modified subtraction method VAT for businesses. The key modification is that ...

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Source: 21st Century Taxation


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