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Jessee Jackson's 38.5 per cent solution. (candidate's plan to raise top tax rate)
National Review
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May 13, 1988|
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COPYRIGHT 1988 National Review, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Jesse Jackson's 38.5 Per Cent Solution
Jesse Jackson says that if elected President he will raise the top tax rate back up to 38.5 per cent for individuals earning more than $192,000 a year, a move that he claims will raise an additional $20 billion.
That's good money if you can get it, but according to Harvard economics professor Lawrence Lindsey, there isn't enough taxable income above $192,000 to generate that kind of revenue:
Only 6 per cent of taxable income currently falls into the highest bracket, generating $34 billion of taxes. Raise the ...
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Magazine article from: National Tax Journal
; ...the paper presents new evidence on the taxable income response using a panel of individual...percent bracket on the first $12,000 of taxable income for married couples ($6,000 for...000 in 1999). The maximum income tax rate was to be limited to 33 percent to promote...
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The impact of marginal tax rates on taxable income: evidence from state income tax differentials.
Magazine article from: Southern Economic Journal
; ...relationship of taxable income to the marginal tax rate has important implications...on the impact of tax rate changes on taxable income is warranted, and...relationship between taxable income and the marginal tax rate is investigated...
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Methodological issues in measuring and interpreting taxable income elasticities.
Magazine article from: National Tax Journal
; ...contracts or expands as the tax rate changes. Because of their...behavior X with respect to its tax rate, with one or the other elasticity...This is the elasticity of taxable income with respect to the income tax rate. In the past, the closest...
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The tax effect on taxable income from privately held businesses.
Magazine article from: Southern Economic Journal
; ...compensated change in taxable income gives all of...in the income tax rate. The total effect...underreporting of taxable income. The existence...elasticity of taxable income because the extent...the effective tax rate and the cost...
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What can we infer about a firm's taxable income from its financial statements?(Forum on Public Disclosure of Corporate Tax Returns)
Magazine article from: National Tax Journal
; ...of estimating taxable income from financial...the statutory tax rate. (1) This...the estimate of taxable income from grossing...S. statutory tax rate to gross-up...correct estimate of taxable income because the income...
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ALTERNATIVE MINIMUM TAXES / CHANGES HIT FIRMS REPORTING BOOK INCOME ABOVE TAXABLE INCOME
Newspaper article from: The Journal Record
; ...significantly in excess of taxable income. Although December 31...corporate alternative minimum tax rate, however, is 20 percent...corporation's regular taxable income to arrive at its alternative minimum taxable income. Some of these adjustments...
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Innovation and the long-run elasticity of total taxable income.
Magazine article from: Southern Economic Journal
; ...elasticity of taxable income with respect...changes in the tax rate and influences...estimates of taxable income elasticities...change in the tax rate may lead to changes...that changes in taxable income reflect behavioral...
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Giertz.(taxable-income )(Brief Article)
Magazine article from: NBER Reporter
; ...reviews the literature on taxable-income elasticity, primarily...of the elasticity of taxable income, both for forecasting...efficiency implications of tax rate changes. He then discusses...concludes that responses to tax rate changes are far from...
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Still time to reduce this year's taxable income Home equity loans, flex plans among ways to cut your liability
Newspaper article from: Chicago Sun-Times
; ...time to lower their taxable income with a little tax planning...when trying to reduce taxable income: to shift your income...lower, to move your taxable income to entities in a lower...jurisdictions with a lower tax rate. He warns, though...
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So how exactly do you calculate taxable income?
Newspaper article from: Press-Telegram Long Beach, CA.
; ...by the "zero percent" tax rate on long-term capital gains...gains as long as our total taxable income doesn't put us beyond the...reader mail, is calculating taxable income. Taxable income is adjusted gross income...
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