HR 5187 · 97th Congress · Taxation

Truth in Taxation Act

Introduced 1981-12-11· Sponsored by Rep. Dornan, Robert K. [R-CA-27]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-12-11)

Plain Language Summary

[AI summary unavailable — showing source text] Truth in Taxation Act - Requires the Secretary of the Treasury to include the following information on individual income tax returns: (1) the total U.S. tax revenues received for the two most recent fiscal years; (2) the total revenues received for each such year; (3) the total outlays of agencies of the Federal Government; (4) the public debt at the close of each such fiscal year; and (5) the interest paid during each such fiscal year on outstanding obligations of the public debt.…

Summarized by Claude AI · Non-partisan · For informational purposes only