Crane Tithe Tax Act of 2001
Last action on Jun 26, 2001Referred to the House Committee on Ways and Means.
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Summary
Crane Tithe Tax Act of 2001 - Amends the Internal Revenue Code to: (1) repeal the tax on corporations; (2) repeal the current tax rates for individuals and replace such rates with a ten percent tax on earned income; (3) provide amnesty for any tax liability prior to January 1, 2000; (4) repeal all specific exclusions from gross income, all deductions, and all credits; and (5) repeal subtitle B relating to estate, gift, and generation-skipping taxes.
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