To amend the Internal Revenue Code of 1986 to provide more revenue for the Social Security system by imposing a tax on certain unearned income and to provide tax relief for more than 80,000,000 individuals and families who pay more in Social Security taxes than income taxes by reducing the rate of the old age, survivors, and disability insurance Social Security payroll tax.
Social Security Protection and Tax Relief Act of 1999 - Amends the Internal Revenue Code to impose a 12 percent tax on an individual's "social security taxable income." Defines such income. Decreases the old age, survivors, and disability income (social security taxes) tax rates.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Social Security.
Sponsor introductory remarks on measure. (CR H3835-3836)
Sponsor introductory remarks on measure. (CR H12168-12173)
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