Simpliform Tax Act

[AI summary unavailable — showing source text] Simpliform Tax Act - Amends the Internal Revenue Code to impose a uniform ten percent income tax on every individual, plus a surtax graduated according to specified brackets. Repeals, among other provisions of the Code: (1) tax credits for the elderly and for political contributions; (2) the minimum tax for tax preferences; (3) exclusions from gross income of interest on certain government obligations, bad debt recovery, scholarships and fellowship grants, and meals or lodging furnished for the convenience of the employer; (4) tax deductions for interest, State and local and foreign taxes, medical and dental expenses, moving expenses, business meals and entertainment, and retirement savings; and (5) provisions relating to deferred compensation, earned income from sources without the United States, joint returns by married couples, and the zero bracket amount. Replaces the tax deduction: (1) for personal exemptions with a tax credit amounting to $250 per exemption; and (2) for charitable contributions with a tax credit equal to 20 percent of the deduction currently allowable. Requires the inclusion in a decedent's taxable income for the taxable period in which he died of a certain p…