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S.1081

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Flat Tax Act of 2007

A bill to amend the Internal Revenue Code of 1986 to impose a flat tax only on individual taxable earned income and business taxable income, and for other purposes.

Other Bill Titles (2 more)

4/10/2007--Introduced.
Flat Tax Act of 2007 - Replaces the income tax with a flat tax of 20 percent of taxable earned income of individual taxpayers. Defines "taxable earned income" as the excess of earned income (wages, salaries, professional fees) over a standard deduction,... moreSee Full Bill Text

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IntroducedresultVoted on by SenateresultVoted on by HouseresultConsidered By PresidentresultBill Becomes Law
April 10, 2007
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March 15, 2008 My Politics Class "Flat Tax" Report

S. 1081, the Flat Tax Act of 2007, would impose a flat tax of 20% on taxable earned income. This would be earnings over the $25000 married filing jointly standard deduction and would still provide “additional standard deductions” for ...

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April 09, 2007 Bill Introduced: S.1081 Flat Tax Act of 2007

A bill to amend the Internal Revenue Code of 1986 to impose a flat tax only on individual taxable earned income and business taxable income, and for other purposes.

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