Summary

S. 173: A bill to repeal the current Internal Revenue Code and replace it with a flat tax, thereby guaranteeing economic growth and fairness for all Americans. Read More

Status

This bill was introduced on Jan 29, 2013, in a previous session of Congress, but was not passed.

Tags

Date Introduced
Jan 29, 2013

Co-Sponsors

Bill Text

A BILL

To repeal the current Internal Revenue Code and replace it with a flat tax, thereby guaranteeing economic growth and fairness for all Americans.

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

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

(a) Short Title.--This Act may be cited as the ``Simplified, Manageable, And Responsible Tax Act'' or the ``SMART Act''. (b) Table of Contents.--

Sec. 1. Short title; table of contents. TITLE I--TAX REDUCTION AND SIMPLIFICATION

Sec. 101. Individual income tax. Sec. 102. Tax on business activities. Sec. 103. Simplification of rules relating to qualified retirement plans. Sec. 104. Repeal of alternative minimum tax. Sec. 105. Repeal of credits. Sec. 106. Repeal of estate and gift taxes and obsolete income tax provisions. Sec. 107. Effective date. TITLE II--SUPERMAJORITY REQUIRED FOR TAX CHANGES

Sec. 201. Supermajority required.

TITLE I--TAX REDUCTION AND SIMPLIFICATION

SEC. 101. INDIVIDUAL INCOME TAX.

(a) In General.--Section 1 of the Internal Revenue Code of 1986 is amended to read as follows:

``SECTION 1. TAX IMPOSED.

``There is hereby imposed on the taxable income of every individual a tax equal to 17 percent of the taxable income of such individual for such taxable year.''. (b) Taxable Income.--Section 63 of such Code is amended to read as follows:

``SEC. 63. TAXABLE INCOME.

``(a) In General.--For purposes of this subtitle, the term `taxable income' means the excess of-- ``(1) the sum of-- ``(A) wages (as defined in section 3121(a) without regard to paragraph (1) thereof) which are...

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Sentiment Map

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Nation

445 Supporting
333 Opposing
57% 43%

State: CA

20 Supporting
20 Opposing
50% 50%

District: 1st

0 Supporting
2 Opposing
0% 100%

Popularity Trend

Organizations Supporting

No organizations supporting yet.

Organizations Opposing

This is just another form of an income tax and requires the 16th amendment to function. It is not in the best interests of America to continue with any form of income taxation. 100 years of the failed experiment, the income tax is enough. The time is now to put our foot down and let our representatives know we'll not accept any form of income tax. The only people opposed to S.122/HR-25 are those who benefit financially from the inherent complexity of an income tax, are ignorant of the FairTax or are corrupt thereby benefiting from an income tax.

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Users Supporting

I support SMART Act (Simplified, Manageable, And Responsible Tax Act) because... It's time to ABOLISH the IRS!!!

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MI
11
SafeguardThe2nd
MI-11
11 months ago

I support SMART Act (Simplified, Manageable, And Responsible Tax Act) because... While the general idea of a Flat Tax is good, this bill is not sophisticated enough. Fair Tax Proposal is a better researched and more robust solution to taxation. http://www.fairtax.org/site/PageServer Let's support FairTax and make America a better place!

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MI
3
CLINT_in_MI
MI-3
1 year ago

I support SMART Act (Simplified, Manageable, And Responsible Tax Act) because..the current tax system needs to be abolished and replaced with a simpler system--such as, a Flat Tax. There are detailed reform plans suggested by Congressman Paul Ryan--"Roadmap for America's Future"--and The Heritage Foundation--"Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity." The Heritage plan plans to balance the federal budget by 2021 and reduce the national debt to 30% of GDP by 2035. The "Roadmap" plan phases in reforms more gradually so the federal budget would not balance until after 2055. Without significant changes, the CBO says the national debt will hit 185% of GDP by 2035. Steve Forbes has an article at: www.forbes.com/sites/steveforbes/2014/03/07/the-tax-code-make-it-flat." Also, the USA owes a national debt of $17 trillion to creditors plus $57 trillion to cover a range of "unfunded liabilities." These debts could result in an economic implosion unless we make courageous reforms immediately. Please see "Joel Rosenberg blog" of 15 April 2014 for further information.(Note: The proposed Fair Tax penalizes seniors and low-income families.) Vote "Yes"on a bill that replaces a worn-out tax system. ..

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CO
7
Ruth
CO-7
1 year ago

I support SMART Act (Simplified, Manageable, And Responsible Tax Act) because...almost anything imaginable will be an improvement over the monstrosity we've got.

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WA
3
Anonymous399896
WA-3
1 year ago

I support SMART Act (Simplified, Manageable, And Responsible Tax Act) because...I SPENT $1000 this year paying people to navigate our ridiculous tax code. That is after I spent days gathering the required paperwork. I'm no billionaire. I'm a 20 something guy with a job, 401k, some stocks, a house, and a car. The flat tax would end all of that wasted effort. Take 20% of my income. But stop wasting it. Make it predictable.

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TX
9
jam0o0
TX-9
1 year ago

I support SMART Act (Simplified, Manageable, And Responsible Tax Act) because just makes sense and long overdue.

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FL
8
htaylo01
FL-8
1 year ago

Users Opposing

I oppose SMART Act (Simplified, Manageable, And Responsible Tax Act) because this just changes the mechanism by which the IRS pursues us without eliminating the IRS.

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VA
2
childe3435
VA-2
7 months ago

I oppose SMART Act (Simplified, Manageable, And Responsible Tax Act) because...Our Constitution guarantees the "pursuit of happiness" not that we are guaranteed happiness. Our government no mater what the level should stay out of certain areas, one of these being guaranteeing successful economic standing not based upon ability nor determination, but rather based upon blind need. This type of government activity rewards laziness, ignorance and any lack of industry and/or determination to triumph over difficulties and make a way for oneself and one's beloved.

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WA
6
SacredFire
WA-6
11 months ago

I oppose SMART Act (Simplified, Manageable, And Responsible Tax Act) because it is regressive and distracting from a real solution: I support The Fair Tax Act. It is the ONLY model that can GROW the economy out of debt, by converting to a savings-based system as opposed to the current debt-based system. Repeal the 16th Amendment, pass the Fair Tax and a Balanced Budget Amendment in one omnibus package! ..

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HI
1
Henry1765
HI-1
1 year ago

I oppose the SMART Act (Simplified, Manageable, And Responsible Tax Act). Please work to repeal the 16th Amendment and adopt the Fair Tax.

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OH
1
JoshRobinson
OH-1
1 year ago

I oppose SMART Act (Simplified, Manageable, And Responsible Tax Act) because it is much more of a burden for poor people to pay a flat tax than for rich people. The rich in this country are already disproportionately wealthier, and they don't need to be given any more advantages. In fact they need fewer.

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NJ
7
Brian_Farmar
NJ-7
1 year ago

I oppose SMART Act (Simplified, Manageable, And Responsible Tax Act) because... The original income tax was fairly flat but over the years, special interest groups have lobbied for loopholes that have made the tax code more and more complicated. Pass the Fair Tax instead. It eliminates the IRS, repeals the 16th Amendment and assures all people pay their fair share - including the underground, criminal economy. Corporations will bring money and jobs back in country and incomes will grow, increasing spending and increasing tax revenue. The poor will receive a prebate to hold them harmless for the 23% national sales tax.

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AL
6
JFM_HooverAL
AL-6
1 year ago

Bill Summary

S. 173: A bill to repeal the current Internal Revenue Code and replace it with a flat tax, thereby guaranteeing economic growth and fairness for all Americans.

S. 172 SAFE Lending Act of 2013 S. 174The Ammunition Background Check Act