[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 26USC7523]
TITLE 26--INTERNAL REVENUE CODE
Subtitle F--Procedure and Administration
CHAPTER 77--MISCELLANEOUS PROVISIONS
Sec. 7523. Graphic presentation of major categories of Federal
outlays and income
(a) General rule
In the case of any booklet of instructions for Form 1040, 1040A, or
1040EZ prepared by the Secretary for filing individual income tax
returns for taxable years beginning in any calendar year, the Secretary
shall include in a prominent place--
(1) a pie-shaped graph showing the relative sizes of the major
outlay categories, and
(2) a pie-shaped graph showing the relative sizes of the major
income categories.
(b) Definitions and special rules
For purposes of subsection (a)--
(1) Major outlay categories
The term ``major outlay categories'' means the following:
(A) Defense, veterans, and foreign affairs.
(B) Social security, medicare, and other retirement.
(C) Physical, human, and community development.
(D) Social programs.
(E) Law enforcement and general government.
(F) Interest on the debt.
(2) Major income categories
The term ``major income categories'' means the following:
(A) Social security, medicare, and unemployment and other
retirement taxes.
(B) Personal income taxes.
(C) Corporate income taxes.
(D) Borrowing to cover the deficit.
(E) Excise, customs, estate, gift, and miscellaneous taxes.
(3) Required footnotes
The pie-shaped graph showing the major outlay categories shall
include the following footnotes:
(A) A footnote to the category referred to in paragraph
(1)(A) showing the percentage of the total outlays which is for
defense, the percentage of total outlays which is for veterans,
and the percentage of total outlays which is for foreign
affairs.
(B) A footnote to the category referred to in paragraph
(1)(C) showing that such category consists of agriculture,
natural resources, environment, transportation, education, job
training, economic development, space, energy, and general
science.
(C) A footnote to the category referred to in paragraph
(1)(D) showing the percentage of the total outlays which is for
medicaid, food stamps, and assistance under a State program
funded under part A of title IV of the Social Security Act and
the percentage of total outlays which is for public health,
unemployment, assisted housing, and social services.
(4) Data on which graphs are based
The graphs required under subsection (a) shall be based on data
for the most recent fiscal year for which complete data is available
as of the completion of the preparation of the instructions by the
Secretary.
(Added Pub. L. 101-508, title XI, Sec. 11622(a), Nov. 5, 1990, 104 Stat.
1388-504; amended Pub. L. 104-193, title I, Sec. 110(l)(4), formerly
Sec. 110(l)(8), Aug. 22, 1996, 110 Stat. 2173, renumbered Pub. L. 105-
33, title V, Sec. 5514(a)(2), Aug. 5, 1997, 111 Stat. 620.)
References in Text
The Social Security Act, referred to in subsec. (b)(3)(C), is act
Aug. 14, 1935, ch. 531, 49 Stat. 620, as amended. Part A of title IV of
the Act is classified generally to part A (Sec. 601 et seq.) of
subchapter IV of chapter 7
