| 来源类型 | Book
|
| 规范类型 | 其他
|
| The Tax Treatment of Social Security |
| Mickey D Levy
|
| 发表日期 | 1979
|
| 出版年 | 1979
|
| 语种 | 英语
|
| 摘要 | Click here to view the full text as an Adobe PDF.
The book examines the effects of taxing social security benefits and allowing workers to exclude payroll taxes three-fifths of all recipients earn so little that they would pay no personal income tax even if social security benefits were included in their taxable income. Recipients with higher income would have their net benefits reduced by a percentage that increases with their marginal tax rates.
In fiscal 1979, taxing social security benefits would have increased federal income tax revenues by approximately $6.9 billion, while taxing benefits that exceed lifetime payroll taxes would have increased revenues by approximately $4.0 billion. Taxing benefits and allowing all workers to exclude payroll taxes from income would have reduced federal income tax rate by $2.5 billion. The author concludes that this latter approach, when complemented by the elimination of the social security retirement test and the tax credit for the elderly, would remove many inequities that currently exist, would stimulate saving and capital formation, and would encourage work effort by the elderly. In addition, such a proposal would reduce the large amount of paperwork that now faces recipients. |
| 主题 | Monetary Economics
|
| 标签 | Social Security
; Tax reform
|
| URL | https://www.aei.org/research-products/book/the-tax-treatment-of-social-security/
|
| 来源智库 | American Enterprise Institute (United States)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/207716
|
推荐引用方式
GB/T 7714 |
Mickey D Levy. The Tax Treatment of Social Security. 1979.
|
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