A bill to amend the Internal Revenue Code of 1954 to provide that a 10 percent income tax rate shall apply to all individuals, and to repeal all deductions, credits, and exclusions for individuals other than an exemption of $10,000.
Flat Rate Tax Act of 1982 - Amends the Internal Revenue Code to repeal the income tax tables. Provides for an income tax rate of ten percent for all individuals, estates, and trusts for gross income over $10,000.
Repeals all special tax deductions, credits, and exclusions from income for individuals.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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