Author: United States Congress Joint Taxation

Publisher: Forgotten Books

Published: 2015-08-08

Total Pages: 26

ISBN-13: 9781332447091

Excerpt from Summary of Revenue Provistions of H. R. 4961 (the Tax Equity and Fiscal Responsibility Act of 1982) As Passed by the Senate on July 22, 1982 To calculate minimum taxable income, preference amounts are added to adjusted gross income, and deductions are allowed for charitable contributions, medical expenses, casualty losses, personal housing interest, other interest to the extent of investment income, and net operating losses not attributable to preferences. Under the bill, the first of minimum taxable income on joint returns) is exempt from the alternative minimum tax. Minimum taxable income in excess of but less than for couples filing joint returns) is taxed at a lo-percent rate, and the excess is taxed at a 20-percent rate. 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.