Background and issues relating to individual income tax reductions
United States. Congress. House. Committee on Ways and Means, United States. Congress. Joint Committee on Taxation
U.S. G.P.O., 1981 - Business & Economics - 35 pages
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1981 income level 70 percent adjusted gross income Adminis Administration proposal after-tax income after-tax return alternative minimum tax average marginal rate average marginal tax average tax rate billion bracket Tax rate capital gains committee curity tax increases discussed distribution of tax earned income credit effect of inflation Effect of marginal end of bracket equity Expanded income thousands future consumption heads of households incentive income and social income tax liability income tax reduction indexing 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 on capital reduction in marginal Repeal revenue loss scheduled for 1981 Scheduled income scheduled increases social security tax standard deduction substitution effect table 9 Tax at low tax burden tax rate applicable tax reduction proposal tax returns tax system taxable income tration proposal Windfall Profit Tax zero bracket amount