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HR 1783 108th Congress House Taxation Annuities Commerce Families Federal employees Flat-rate tax Government Operations and Politics Income tax Labor and Employment Local employees Married people State employees Tax administration Tax credits Tax deductions Tax-exempt organizations Unemployment insurance Wages

Freedom Flat Tax Act

Introduced: April 11, 2003 See on congress.gov
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 20, 2004
Sponsor introductory remarks on measure. (CR H2166-2167)
Apr 12, 2003
Sponsor introductory remarks on measure. (CR E781)
Apr 11, 2003
Referred to the House Committee on Ways and Means.
Apr 11, 2003
Introduced in House
 Plain-English summary Congressional Research Service
Freedom Flat Tax Act - Amends the Internal Revenue Code to authorize an individual and 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, and 17 percent thereafter.

Defines individual and business "taxable income."

Imposes an employer tax on the value of excludable compensation provided to employees not engaged in business activity of 19 percent through 2004, and 17 percent thereafter.

What's happening now April 20, 2004

Sponsor introductory remarks on measure. (CR H2166-2167)

 Committees of jurisdiction 1