Budget Issues: Staff Studies for Fiscal 1977

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U.S. Government Printing Office, 1976 - Budget - 165 pages
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Page 105 - Third, the maximum amounts on which the credit is based are reduced by one-half of adjusted gross income in excess of $7,500 for' a single person and $10,000 for a married couple filing a joint return ($5,000 for a married...
Page 105 - As indicated above, the credit is available only to those with retirement income — that is, some form of investment or pension income in the taxable year. Elderly individuals who must support themselves by earning modest amounts and who have no investment or pension income are not eligible for any relief under the present credit. This has given rise to considerable criticism as to the fairness of the tax law; many elderly individuals who rely entirely on earned income maintain that they should...
Page 117 - Peking's frantic attempts to torpedo detente, to obstruct disarmament, to breed suspicion and hostility between states, its efforts to provoke a world war and reap whatever advantages may accrue, create a great danger for all peace-loving peoples.
Page 77 - Financial interchange provisions are established so that the old-age and survivors insurance trust fund and the disability insurance trust fund...
Page 94 - We can retire optionally at age 55 with 30 years of service, at age 60 with 20 years, or 62 with 5 years.
Page 105 - ... credit to higher income taxpayers. Consequently, the maximum amounts of the base for the credit are reduced by one-half of the adjusted gross income in excess of $7,500 for a single person and $10,000 for a married couple filing a joint return ($5,000 for a married taxpayer filing a separate return) . Thus, for a single person, the credit would no longer be available when his adjusted gross income reaches $12,500 ($7,500 plus two times $2,500). For a joint return the credit would be available...
Page 118 - The Soviet Union is adhering to the doctrine that socialist countries have the right to interfere in each other's affairs in their own interests or those of others who are threatened.
Page 114 - The policies pursued by this administration have been designed to prevent Soviet expansion but also to build a pattern of relations in which the Soviet Union will always confront penalties for aggression and also acquire growing incentives for restraint.
Page 77 - The most critical issues, however, relate to the Medicare program. Both the Hospital Insurance Trust Fund and the Supplementary Medical Insurance Trust Fund show alarming financial results...
Page 45 - The Cyclical Behavior of Income Transfer Programs: A Case Study of the Current Recession, Technical Analysis Paper No.

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