Income Tax Averaging : Background and Analysis.
Provides background on and issues surrounding income averaging under an income tax, which was repealed by the Tax Reform Act of 1986. Considers arguments that without income averaging farmers may be subject to inappropriately high taxation, due to fluctuating annual incomes. Presents theoretical and...
| Corporate Authors: | , |
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| Format: | eBook |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified],
1988.
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| Series: | U.S. Congressional Research.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Provides background on and issues surrounding income averaging under an income tax, which was repealed by the Tax Reform Act of 1986. Considers arguments that without income averaging farmers may be subject to inappropriately high taxation, due to fluctuating annual incomes. Presents theoretical and historical approaches to income averaging. Explains steps for calculating tax liabilities under prior law method of income averaging. Analyzes how well pending legislation in the 100th Congress addresses problems associated with fluctuating incomes, under current income tax system. |
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| Item Description: | Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed June 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource. |
| Physical Description: | 1 online resource. |