Author: United States; Congress; Senate; Committee on Finance

Publisher: Forgotten Books

Published: 2015-06-24

Total Pages: 142

ISBN-13: 9781330353509

Excerpt from Description of Possible Options to Increase Revenues This pamphlet, prepared by the staff of the Joint Committee on Taxation in conjunction with the staff of the Senate Committee on Finance, provides descriptions of possible revenue-increase options for the information of the Committee on Finance in connection with any consideration of revenue-increase legislation. The first part of the pamphlet is a description of provisions addressed by the Administration's revenue proposals. This is followed by a description of other possible revenue increase options that have been proposed by Senators or that the Finance Committee may wish to consider. For each of the proposals in parts I and II, the description includes present law, possible alternative proposals, pros and cons, and estimated revenue effects. The third part is a tabulation of the estimated revenue effects of the proposals described in parts I and II of this pamphlet. Finally, an Appendix presents data, by income class, of estimated taxable returns, total tax liability, average tax liability, and percentage of taxpayers itemizing deductions in 1983 and 1984 (under present law). The proposals described in part II of this pamphlet are not Joint Committee staff or Finance Committee staff proposals or recommendations, but rather possible revenue-increase options which the Finance Committee may wish to consider in connection with legislation relating to revenue-increase targets set by the Congressional Budget Resolution. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.