U.S. Congress - S.741 Flat Tax Act of 2009
S.741 - Flat Tax Act of 2009
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. view all titles (2)
All Bill Titles
- Official: 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. as introduced.
- Short: Flat Tax Act of 2009 as introduced.
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Official Summary
3/30/2009--Introduced.Flat Tax Act of 2009- 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, a dedOfficial Summary
3/30/2009--Introduced.Flat Tax Act of 2009- 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, a deduction for cash charitable contributions, and a deduction for home mortgage interest. Sets forth definitions and special rules for surviving spouses, heads of household, and dependents. Imposes a flat tax of 20 percent on business taxable income. Defines "business taxable income" as gross active income (other than investment income) reduced by:(1) the cost of business inputs (cost of specified goods, services, travel, and entertainment expenditures);
(2) employee compensation; and
(3) the cost of personal and real property used in business activities. Disallows a deduction from gross active business income for purchases of goods and services provided to employees or owners and certain lobbying and political expenditures. Repeals:
(1) estate, gift, and generation-skipping transfer taxes;
(2) financing of presidential election campaigns provisions; and
(3) coal industry health benefits provisions.
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Recent Blog Coverage
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S.741: A bill to amend the Public Utility Regulatory Policies Act ...
Official government data, breaking news and blog coverage, public comments and user community for S.741 A bill to amend the Public Utility Regulatory Policies Act of 1978 to establish a renewable electricity standard, and for other purposes. ... OpenCongre
pustekuchen: Purdue Schriften
Natürlich enthält die Enzyklopädie auch Feststellungen der eher zweifelhaft Art, so gibt beispielsweise Band 6 S. 741 in unfreiwilliger Komik einen ,,O. Wilde, Präsident der Vereinigten Staaten von Amerika'' bekannt und Band 2 wird S. ...
Historische Zeitschrift (HZ) - H-Soz-u-Kult / Zeitschriften
1714 to the Present (B. Stuchtey) [S. 741]. Guillaume Garner, État, économie, territoire en Allemagne. L'espace dans le caméralisme et l'économie politique 1740–1820 (W. E. J. Weber) [S. 742]. Christopher Rühle, Das politische Denken ...
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