HR 6741 · 97th Congress · Taxation

Flat Tax Act of 1982

Introduced 1982-07-13· Sponsored by Rep. Dreier, David [R-CA-35]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1982-07-13)

Plain Language Summary

[AI summary unavailable — showing source text] Flat Tax Act of 1982 - Amends the Internal Revenue Code to repeal the income tax tables. Provides for an income tax rate of 14 percent for all individuals, estates, and trusts. Repeals all special tax deductions, credits, and exclusions from income for individuals. Amends the Economic Recovery Tax Act of 1981 to increase to $2,000 the deduction for personal exemptions.…

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