Summary

1/23/2013--Introduced. Tax Code Termination Act - Terminates the Internal Revenue Code of 1986 after December 31, 2017, except for self-employment taxes, Federal Insurance Contributions Act (FICA) taxes, and... Read More

Status

This bill was introduced on Jan 23, 2013, in a previous session of Congress, but was not passed.

Date Introduced
Jan 23, 2013

Co-Sponsors

r-120
d-2

Bill Text

A BILL

To terminate the Internal Revenue Code of 1986.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Tax Code Termination Act''.

SEC. 2. TERMINATION OF INTERNAL REVENUE CODE OF 1986.

(a) In General.--No tax shall be imposed by the Internal Revenue Code of 1986-- (1) for any taxable year beginning after December 31, 2017; and (2) in the case of any tax not imposed on the basis of a taxable year, on any taxable event or for any period after December 31, 2017. (b) Exception.--Subsection (a) shall not apply to taxes imposed by-- (1) chapter 2 of such Code (relating to tax on self- employment income); (2) chapter 21 of such Code (relating to Federal Insurance Contributions Act); and (3) chapter 22 of such Code (relating to Railroad Retirement Tax Act).

SEC. 3. NEW FEDERAL TAX SYSTEM.

(a) Structure.--The Congress hereby declares that any new Federal tax system should be a simple and fair system that-- (1) applies a low rate to all Americans; (2) provides tax relief for working Americans; (3) protects the rights of taxpayers and reduces tax collection abuses; (4) eliminates the bias against savings and investment; (5) promotes economic growth and job creation; and (6) does not penalize marriage or families. (b) Timing of Implementation.--In order to ensure an easy transition and effective implementation, the Congress hereby declares that any new Federal tax system should...

Read Full Text

Sentiment Map

Select:

Nation

896 Supporting
104 Opposing
90% 10%

State: CA

46 Supporting
8 Opposing
85% 15%

District: 1st

1 Supporting
1 Opposing
50% 50%

Popularity Trend

Organizations Supporting

No organizations supporting yet.

Organizations Opposing

Koch, ALEC, and Republicans - really stupid answer to our tax problems, just like Fair Tax or just a commodity tax, still giving our tax revenue to the rich and Multi National Corporations. Isn't the legislators a little embarrassed that 4000 top wage earners don't pay Federal Taxes and 400 US Billionaires could easily feed the world with less then a 20% tax and the world billionaires would only require a 5% tax to feed the world. TAX THE RICH: AMERICANS OVERWHELMINGLY, 82% WANT OUR ELECTED OFFICIALS TO TAX THE RICH: US now has 13,200,000 millionaires, of those 45,000 are worth more than $50 million, and 400 worth more than a billion. 4000 members of the top 1% will pay no income tax in 2013 thanks to tax breaks. Prior to Reagan tax rate for the rich was 70% for these entitled few. MAKE THE RICH PAY SOCIAL SECURITY TAX ON THEIR FULL EARNINGS: No Social Security tax for any revenue earned over $117,000 a year - depriving the rest of us of a livable retirement. No Social Security tax for the rich – our elected officials have chosen not to remove the cap of $117,000 depriving the rest of us of a livable retirement. TAX THE CORPORATIONS, CLOSE THE LOOPHOLES: AMERICANS OVERWHELMINGLY 82% WANT CLOSE THE TAX LOOPHOLES: Congress now hands $1 Trillion+ To Wealthy While Deficit Is $642 Billion by blocking tax legislation, and laying off hundreds and hundreds of thousands and cutting services in the name of cutting deficits. 10% of American companies don’t pay any taxes.

Kick Butt Liberals 1 year ago

Users Supporting

I support The Tax Code Termination Act because..The endless amending and subsequent abuse of the IRS code of 1986 is an abomination seldom seen in the annals of human existence. If the 536 elected officials of the United States cannot accept this legislation and forever bury the old way of doing things, well, we had best attempt to return to the stone age.

Share
FL
8
SACVETERAN
FL-8
9 months ago

I support The Tax Code Termination Act because...Our present tax system is too complicated and complex. Simplify the system with a non-negotiable flat tax with a cap of 15% of income.

Share
MI
12
FlightMike
MI-12
10 months ago

I support The Tax Code Termination Act because...it's time to make the Tax Code fair to those that are not wealthy. THE wealthy, that includes you Congress, should not be able to hide there money and SHOULD pay there share!

Share
AZ
8
TomShow
AZ-8
1 year ago

I support The Tax Code Termination Act because...it is both unfair and full of loopholes that are taken advantage of by those who have the means to find them. The only fair tax would be a tax that was the same for everyone, with no loopholes. A flat tax rate would cover this and would make the entire "income tax" process much simpler as there would be no deductions, credits, etc.. A flat rate that could be applied to both the individual and to business as well. No filing, no refunds, no targeting special groups. Such a simple idea, but government seems to reject it for the most part. There would be more money for taxpayers to push into the economy or into small business and there would then be no need for tax enforcement of any kind except for those to try to buck the system by working "under the table."

Share
OH
12
Khiris
OH-12
1 year ago

I support The Tax Code Termination Act. Pass this, then pass Fair Tax.

Share
OR
1
aogail
OR-1
1 year ago

I support The Tax Code Termination Act because the tax code has become the personal campaign funding source for all incumbents in the Congress, though, fortunately, not all of them use it that way. It has also become the primary tool for coercing citizen behavior the Congress wants to regulate. The enforcers of this tax code have unlimited powers to disrupt and ruin the lives of American citizens whose only recourse comes too little, too late. The tax code is the modern day equivalent of quartering enemy soldiers in every household.

Share
TN
2
Anonymous1124056
TN-2
1 year ago

Users Opposing

I oppose The Tax Code Termination Act because...we currently have a government, supposedly, of the people, by the people, for the people, and according to Abraham Lincoln it shall not perish from the earth. This is the government that operates the richest country in the world. If you want to keep this government you need to fund it. Who among you would fund our government out of charity?? No one?? Well then we need to pay taxes.

Share
NY
18
farrellkej
NY-18
1 year ago

I oppose The Tax Code Termination Act because...it is a grossly over simplistic approach in dealing with the extremist money hoarders who need to be reigned in, utilizing targeted methods and draconian actions where needed.

Share
CT
1
tbshar
CT-1
1 year ago

I oppose The Tax Code Termination Act because...stop it you fool repukes

Share
WI
3
roxieh
WI-3
1 year ago

I oppose The Tax Code Termination Act because trying to pretend we don't live in a large, populous, complex nation with complex needs is just irresponsible. We need government. Defunding government is irresponsible, juvenile behavior.

Share
TN
2
emchitty
TN-2
1 year ago

I oppose The Tax Code Termination Act because...it would do nothing useful to promote tax fairness in the U.S. and it is patently unworkable in this form in any event.

Share
IA
2
Anonymous183313
IA-2
1 year ago

I oppose The Tax Code Termination Act because...The rich are just greed and don't want to pay there fair share of taxes. Yet when they get government contracts they rip off the government by over pricing them and then cry the government taxes them too much. Nothing but greed.

Share
MI
9
screennamesrestupid
MI-9
1 year ago

Bill Summary

<br /> 1/23/2013--Introduced.<br /> Tax Code Termination Act - Terminates the Internal Revenue Code of 1986 after December 31, 2017, except for self-employment taxes, Federal Insurance Contributions Act (FICA) taxes, and railroad retirement taxes. Requires a two-thirds majority vote in Congress to change such termination date. Declares that any new federal tax system should be a simple and fair system that: (1) applies a low rate to all Americans, (2) provides tax relief for working Americans, (3) protects the rights of taxpayers and reduces tax collection abuses, (4) eliminates the bias against savings and investment, (5) promotes economic growth and job creation, and (6) does not penalize marriage or families. Requires that the new federal tax system be approved by Congress in its final form by July 4, 2017.<br /> <br />

H.R. 351The Protecting Seniors' Access to Medicare Act H.R. 353 To require the Secretary of the Treasury to implement a program to pr...