HR 5187 · 97th Congress · Taxation
Truth in Taxation Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1981-12-11)
Plain Language Summary
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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