Taxpayer_choice_act

Taxation in the United States

This article is part of the series: Politics and government of the United States

Federal taxation
Authority  ·   History Internal Revenue Service Court  ·   Forms  ·   Code
Income tax  ·   Payroll tax Alternative Minimum Tax Estate tax  ·   Excise tax Gift tax  ·   Corporate tax Capital gains tax
State & local taxation
State income tax Sales tax  ·   Use tax Property tax State tax levels
Federal tax reform  · Competitive Tax Plan  · Efficient Taxation of Income  · Real Property Use Tax  · Taxpayer Choice Act  · USA Tax  · Value Added Tax
FairTax  ·   Flat tax
Tax protester arguments  · Tax protester  · Tax protester history  · America: Freedom to Fascism  · The Law that Never Was  · Cheek v. United States Notable tax protesters  · Irwin Schiff  · Richard Michael Simkanin  · Robert Clarkson  · Tom Cryer  · Vivien Kellems  · Wayne C. Bentson  · Wesley Snipes  · William J. Benson
Constitutional Statutory  ·   Conspiracy
Taxation by country Australia British Virgin Islands Canada China Colombia France Germany Hong Kong India Indonesia Ireland Netherlands New Zealand Peru Russia Singapore Tanzania United Kingdom United States European Union  v • d • e  Tax rates around the world Tax revenue as % of GDP

The Taxpayer Choice Act (HR 3818/S 2416) is a bill in the United States Congress that amends the Internal Revenue Code to eliminate the alternative minimum tax on individual taxpayers. The legislation would create an alternative, simplified tax that individuals may choose over the current personal income tax. The new system would have two tax rates (10% and 25%), a large standard deduction with no special deductions,http://www.reasontofreedom.com/cosponsors_quot_taxpayer_choice_act_quot_us_rep_ron_paul.html and is argued to greatly reduce the damage and complexity caused by the current income tax.http://www.cato.org/event.php?eventid=4253 The bill would also make permanent the capital gains and dividends rate reductions enacted by the Jobs and Growth Tax Relief Reconciliation Act. In the House, the bill was introduced by Rep. Paul Ryan (R-WI), ranking member on the House Budget Committee, and has 83 cosponsors.Taxpayer Choice Act of 2007, Thomas The bill was introduced in the Senate by Jim Demint.

See also

• Alternative Minimum Tax
• Income tax in the United States
• Taxation in the United States

Notes

External links

• Taxpayer Choice Act of 2007 - Text of House bill H.R.1366
• Taxpayer Choice Act of 2007 - Text of Senate bill S.3818

This tax-related article is a stub. You can help Wikipedia by expanding it.

This article is licensed under the GNU Free Documentation License. It uses material from Wikipedia