Summary of Proposals Relating to Middle Income Tax Relief And Economic Growth : Scheduled for a Hearing Before the House Committee On Ways And Means On December 6 And 17-18, 1991 Jcx-32-91
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In our eReader you can find the full English version of the book. Read Summary of Proposals Relating to Middle Income Tax Relief And Economic Growth : Scheduled for a Hearing Before the House Committee On Ways And Means On December 6 And 17-18, 1991 Jcx-32-91 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Summary of Proposals Relating to Middle Income Tax Relief And Economic Growth : Scheduled for a Hearing Before the House Committee On Ways And Means On December 6 And 17-18, 1991 Jcx-32-91
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The amount of the exemption depends on whether the beneficiary has attained retirement age. The bill would temporarily increase the otherwise applicable exempt amount for persons who have attained retirement age (i.e., 65 for 1991) by $3,000, and then would repeal the earnings test for individuals who have attained retirement age (rather than -23- age 70). The benefit reduction of $1 for each $2 of earnings would then apply only to persons below retirement age, as under present law. The tempora...ry increase in the exemption amount would be effective beginning in 1992, and the repeal of the earnings test for individuals -who have attained retirement age would be effective in 1997.
The bill would also accelerate the increase in the delayed retirement credit so that it is 8 percent in 1993.
-24- B. Personal Exemption; Standard Deduction; Child and Earned Income Tax Credits 1. H.R. 1277 — Increase in Personal Exemption (Messrs. Wolf, Hastert, Dickinson, Lightfoot, Walsh, Cunningham, Ramstad, Klug, Hansen, Doolittle, Dornan of California, Weldon, Barrett, Smith of Texas, Cox of California, Holloway, McEwen, Bilirakis, and Inhof e) The bill would increase the personal exemption for dependent children under the age of 18 to $3,500 in 1992, and would modify the rounding rules for indexed amounts.
What to read after Summary of Proposals Relating to Middle Income Tax Relief And Economic Growth : Scheduled for a Hearing Before the House Committee On Ways And Means On December 6 And 17-18, 1991 Jcx-32-91?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. Joint Committee On Taxation to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The amount of the exemption depends on whether the beneficiary has attained retirement age. The bill would temporarily increase the otherwise applicable exempt amount for persons who have attained retirement age (i.e., 65 for 1991) by $3,000, and then would repeal the earnings test for individuals who have attained retirement age (rather than -23- age 70). The benefit reduction of $1 for each $2 of earnings would then apply only to persons below retirement age, as under present law. The tempora...ry increase in the exemption amount would be effective beginning in 1992, and the repeal of the earnings test for individuals -who have attained retirement age would be effective in 1997.
The bill would also accelerate the increase in the delayed retirement credit so that it is 8 percent in 1993.
-24- B. Personal Exemption; Standard Deduction; Child and Earned Income Tax Credits 1. H.R. 1277 — Increase in Personal Exemption (Messrs. Wolf, Hastert, Dickinson, Lightfoot, Walsh, Cunningham, Ramstad, Klug, Hansen, Doolittle, Dornan of California, Weldon, Barrett, Smith of Texas, Cox of California, Holloway, McEwen, Bilirakis, and Inhof e) The bill would increase the personal exemption for dependent children under the age of 18 to $3,500 in 1992, and would modify the rounding rules for indexed amounts.
What to read after Summary of Proposals Relating to Middle Income Tax Relief And Economic Growth : Scheduled for a Hearing Before the House Committee On Ways And Means On December 6 And 17-18, 1991 Jcx-32-91?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. Joint Committee On Taxation to read onlineMoreLess
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