Synopses & Reviews
Synopsis
Excerpt from Individual Income-Tax Data
Use of the above table, which is certainly not complicated, would not leave two alternative taxes side by side, as the Treasury asserts. Below the figure shown in the table for his family status, the taxpayer would compute only the minimum tax; above the figure shown in the table, the taxpayer would compute only the income tax; regardless of the amount of deductions or the family status, there would never be any occasion when use of this table would not relieve the taxpayer of computing two alternative taxes.
The Treasury next discussed the necessity under the House bill of comparing taxes under separate and joint returns. In Mr. Paul's testimony (page 27 of the hearings), is found this statement: The large number of variables injected by the House bill will force husband and wife who both receive income to compute a series of alternative taxes to ascertain their lowest possible liability. I should like to cite an example which brings home more forcibly than any lengthy explanation the nature of the compliance burden imposed on these taxpayers. The illustration referred to is as follows.
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