Government Finance Brief, Issues 13-24Tax Foundation, 1969 - Finance, Public |
From inside the book
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Page 12
... taxable years beginning in 1970 , 321⁄2 percent in 1971 , and 35 per- cent for 1972 and thereafter ( plus in some cases the minimum tax , which can add 21⁄2 percent ) . 2. Long - term capital losses are re- duced by 50 percent before ...
... taxable years beginning in 1970 , 321⁄2 percent in 1971 , and 35 per- cent for 1972 and thereafter ( plus in some cases the minimum tax , which can add 21⁄2 percent ) . 2. Long - term capital losses are re- duced by 50 percent before ...
Page 14
... taxable as divi- dends , or nontaxable as returns of cap- ital , corporations will be required ( for tax years beginning after June 30 , 1972 ) to compute on the basis of straight - line depreciation . The tax benefit of acceler- ated ...
... taxable as divi- dends , or nontaxable as returns of cap- ital , corporations will be required ( for tax years beginning after June 30 , 1972 ) to compute on the basis of straight - line depreciation . The tax benefit of acceler- ated ...
Page 28
... taxable under prior law Returns made non- taxable by low- income allowance , 15 percent $ 2,000 standard deduc- tion and $ 750 Returns remaining taxable — but bene- fiting from the relief provisions 0 to $ 3,000 10,053 5,846 4,207 ...
... taxable under prior law Returns made non- taxable by low- income allowance , 15 percent $ 2,000 standard deduc- tion and $ 750 Returns remaining taxable — but bene- fiting from the relief provisions 0 to $ 3,000 10,053 5,846 4,207 ...
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action adjustment Administration AFDC agencies amount annual average salaries basis benefits billion budget authority budget concept budget outlays budgetary categorical grants ceiling Chairman changes cities civilian Committee on Budget Congress Congressional Corporation crease debt deficit dollars economic effect employees employment eral estimated Executive exemption Federal budget Federal expenditures Federal funds Federal pay Federal spending fiscal Government Finance Brief grade grants House income tax July June 30 justments legislative limitation ment Motors Corporation National Security Agency negative income tax payments payroll tax percent President private industry problems procedures programs property tax proposals public assistance Quaker Oats Company recent recommendations reduce reform retirement revenue sharing rise Schedule Senate service charges social security Source special assessment spending authority state-local taxes Table Tax Foundation tax rates taxable taxpayers tion tive trends trust funds U.S. Department unified budget welfare workers