Background and Issues Relating to Individual Income Tax Reductions |
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1981 income levels 70 percent adjusted gross income Administration proposal after-tax income after-tax return alternative minimum tax average marginal rate average marginal tax average tax rate billion bracket bracket bracket capital gains committee curity tax discussed distribution of tax earned income credit effect of inflation Effect of marginal equity future consumption heads of households incentive income and social income tax liability income tax reduction individual income tax investment itemized deductions joint returns marginal tax rates married couple maximum tax rate percentage of tax poverty lines present law rate brackets rate cut rate on capital rate Tax reduction in marginal Repeal revenue loss scheduled for 1981 scheduled increases social security increases social security tax substitution effect table 9 Tax at Tax tax burden tax changes scheduled tax increases tax rate applicable tax reduction proposal tax returns tax system taxable income tration proposal Windfall Profit Tax zero bracket amount