The Marriage Tax Penalty
Download The Marriage Tax Penalty full books in PDF, epub, and Kindle. Read online free The Marriage Tax Penalty ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : Jane Gravelle |
Publisher | : Nova Publishers |
Total Pages | : 96 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : 9781590335888 |
This book is an overview of issues associated with the marriage penalty. The first section explains how the marriage penalty (and the marriage bonus) arises and why it is not possible to achieve simultaneously the goals of marriage neutrality and horizontal equity across families in a progressive tax system. The second section discusses the size of the marriage penalty, the bonus and importantly, the notion that the marriage penalty is not a precisely defined measure. The next section outlines the issues of equity, efficiency and simplicity that are part of the frame work for evaluating policy and the final section discusses various legislative proposals in light of these objectives. The book also estimates the effects of current tax policies on families of different types and sizes and analyses proposals to address the marriage penalty and the child tax credit. It contains a history of the development of tax provisions affecting the family.
Author | : Jane Gravelle |
Publisher | : |
Total Pages | : 0 |
Release | : 2000 |
Genre | : |
ISBN | : |
Author | : Jane Gravelle |
Publisher | : |
Total Pages | : |
Release | : 2000 |
Genre | : |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management Generally |
Publisher | : |
Total Pages | : 300 |
Release | : 1980 |
Genre | : Husband and wife |
ISBN | : |
Author | : United States. Congress. House. Committee on Ways and Means |
Publisher | : |
Total Pages | : 26 |
Release | : 2000 |
Genre | : Government publications |
ISBN | : |
Author | : Mark A. Ibele |
Publisher | : |
Total Pages | : 28 |
Release | : 1999 |
Genre | : Income tax |
ISBN | : |
Author | : James Alm |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : |
ISBN | : |
Policymakers have directed much effort towards reducing or eliminating the so-called "marriage penalty" present in the U.S. individual income tax. However, because the marriage penalty is frequently misunderstood, many suggested remedies do little to reduce the penalty, and in some cases even exacerbate it. In this paper we use the recent income tax reduction proposal of the Bush Administration to highlight some of the challenges involved in reducing the marriage penalty. Using representative couples with varying distributions of income and family structure, we contrast the marriage penalties under current tax law (as of May 2001) with those under the tax structure in the Administration's proposal. Our calculations indicate that it is certainly feasible to reduce the marriage penalty. However, our calculations also indicate that achieving this goal can be a difficult task, with tax reductions and other tax changes sometimes having unintended and unanticipated effects. In particular, the Bush tax plan does not eliminate the marriage tax, and in some cases actually makes the marriage penalty even larger than it is at present. In short, reducing marriage penalties is not as simple as reducing income taxes.
Author | : Stacy Dickert-Conlin |
Publisher | : |
Total Pages | : 64 |
Release | : 1997 |
Genre | : Income |
ISBN | : |
Author | : Cynthia F. Gensheimer |
Publisher | : |
Total Pages | : 62 |
Release | : 1981 |
Genre | : Husband and wife |
ISBN | : |
Author | : Floyd Carpenter |
Publisher | : |
Total Pages | : 40 |
Release | : 2014 |
Genre | : |
ISBN | : |
Empirical research has shown that public policy such as tax and transfer programs have had a deleterious effect on marital stability. This study analyzes the cost to individuals of various aspects of the marriage penalty tax (MPT) and thereby how it discourages marriage and how it harms both individuals and society at large. Decline of the family, especially married couples, is regarded as one of the critical problems facing American society. Past research indicates that the MPT, due to its negative impact on marital stability and two-parent families, results in major social and economic costs, such as higher rates of children living in poverty, lower education, higher unemployment, more crime, and poorer health. Given its harm, we conclude that the MPT should be eliminated from the tax code. Opponents to repealing the marriage penalty have complained that 'higher-income' taxpayers receive disproportionate benefit. However, this research shows that the MPT has an equally negative effect on couples in the lowest income categories, particularly with its impact on the earned income tax credit. Further, regardless of a couple's income level, the marriage penalty is detrimental to marriage, and thus, to society overall. Tax laws, as part of public policy, should foster, not hamper, two-parent families and their corresponding economic benefits such as improved employment, better public health, and lower crime.