Comprehensive Income Taxation

Comprehensive Income Taxation

Author: Joseph A. Pechman

Publisher: Brookings Institution Press

ISBN: UOM:39015000644057

Category: Income tax

Page: 338

View: 496

Background papers of a conference held in Brookings on December 10 and 11, 1976; a summary of the conference discussions; and an appendix that measure the comprehensive income tax base and illustrates the extent to which tax rates could be reduced without reducing the revenue yield. Issues include: the economic definition of income; personal deductions; employee benefits and transfer payments; capital gains and losses; homeowner preferences; the tax treatment of the family; and the definition of taxable business income.