A PROPOSAL FOR PRO-RATING PERSONAL DEDUCTIONS AND EXEMPTIONS BETWEEN TAXABLE AND NONTAXABLE INCOME

MANY of the exclusions in measuring adjusted gross income reduce both horizontal and vertical equity in personal income taxation; persons similar in ability to pay are taxed differently according to sources of income, and attainment of desired degrees of progression is hindered.

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Bibliographic Details
Published in:National tax journal 1968-03, Vol.21 (1), p.94-97
Main Authors: QUINDRY, KENNETH E., BIERMEIER, BRUCE, SOULE, DON M.
Format: Article
Language:English
Subjects:
Adjusted gross income
Capital gains
Committees
Equity
Estimated taxes
Estimates
Government bonds
Income taxes
Itemized deductions
Local government
Personal exemptions
Personal income
Personal income taxes
Proposals
Tax base
Tax deductions
Tax exemptions
Tax increases
Tax rates
Taxable income
Taxation
Taxpaying
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Description
Summary:MANY of the exclusions in measuring adjusted gross income reduce both horizontal and vertical equity in personal income taxation; persons similar in ability to pay are taxed differently according to sources of income, and attainment of desired degrees of progression is hindered.
ISSN:0028-0283
1944-7477
DOI:10.1086/NTJ41791580