The Resource The Alternative Minimum Tax and Effective Marginal Tax Rates, Daniel Feenberg, James Poterba, (electronic resource)
The Alternative Minimum Tax and Effective Marginal Tax Rates, Daniel Feenberg, James Poterba, (electronic resource)
Resource Information
The item The Alternative Minimum Tax and Effective Marginal Tax Rates, Daniel Feenberg, James Poterba, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Bowdoin College Library.This item is available to borrow from 1 library branch.
Resource Information
The item The Alternative Minimum Tax and Effective Marginal Tax Rates, Daniel Feenberg, James Poterba, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Bowdoin College Library.
This item is available to borrow from 1 library branch.
- Summary
- This paper examines the impact of the Alternative Minimum Tax on the weighted average marginal tax rates that apply to various components of taxable income. It also considers the impact of several AMT reform proposals on the number of AMT taxpayers, the total revenue collected from the AMT, and the weighted average marginal tax rates that apply to wages, capital income, and deductions such as state and local taxes and charitable gifts. The paper uses the NBER TAXSIM model to project federal personal income tax liabilities as well as AMT liabilities between 2003 and 2013. The AMT has only a modest impact on the average marginal tax rates for most sources of income because some AMT taxpayers face higher marginal tax rates, and others lower tax rates, as a result of the tax. The projections show that modest increases in the AMT exclusion level have substantial effects on the number of AMT taxpayers, and that indexing the AMT parameters would reduce the number of AMT payers in 2010 by more than sixty percent. These changes would also reduce the AMT's impact on average marginal tax rates
- Language
- eng
- Note
- November 2003
- Label
- The Alternative Minimum Tax and Effective Marginal Tax Rates
- Title
- The Alternative Minimum Tax and Effective Marginal Tax Rates
- Statement of responsibility
- Daniel Feenberg, James Poterba
- Language
- eng
- Summary
- This paper examines the impact of the Alternative Minimum Tax on the weighted average marginal tax rates that apply to various components of taxable income. It also considers the impact of several AMT reform proposals on the number of AMT taxpayers, the total revenue collected from the AMT, and the weighted average marginal tax rates that apply to wages, capital income, and deductions such as state and local taxes and charitable gifts. The paper uses the NBER TAXSIM model to project federal personal income tax liabilities as well as AMT liabilities between 2003 and 2013. The AMT has only a modest impact on the average marginal tax rates for most sources of income because some AMT taxpayers face higher marginal tax rates, and others lower tax rates, as a result of the tax. The projections show that modest increases in the AMT exclusion level have substantial effects on the number of AMT taxpayers, and that indexing the AMT parameters would reduce the number of AMT payers in 2010 by more than sixty percent. These changes would also reduce the AMT's impact on average marginal tax rates
- http://library.link/vocab/creatorName
- Feenberg, Daniel
- Index
- no index present
- Literary form
- non fiction
- Nature of contents
- dictionaries
- http://library.link/vocab/relatedWorkOrContributorName
-
- Poterba, James
- National Bureau of Economic Research
- Series statement
- NBER working paper series
- Series volume
- no. w10072
- Target audience
- specialized
- Label
- The Alternative Minimum Tax and Effective Marginal Tax Rates, Daniel Feenberg, James Poterba, (electronic resource)
- Note
- November 2003
- Control code
- ssj0001329246
- Dimensions
- unknown
- Form of item
- online
- Governing access note
- Access restricted to subscribing institutions
- Specific material designation
- remote
- System control number
- (WaSeSS)ssj0001329246
- System details
-
- System requirements: Adobe [Acrobat] Reader required for PDF files
- Mode of access: World Wide Web
- Label
- The Alternative Minimum Tax and Effective Marginal Tax Rates, Daniel Feenberg, James Poterba, (electronic resource)
- Note
- November 2003
- Control code
- ssj0001329246
- Dimensions
- unknown
- Form of item
- online
- Governing access note
- Access restricted to subscribing institutions
- Specific material designation
- remote
- System control number
- (WaSeSS)ssj0001329246
- System details
-
- System requirements: Adobe [Acrobat] Reader required for PDF files
- Mode of access: World Wide Web
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.bowdoin.edu/portal/The-Alternative-Minimum-Tax-and-Effective/-VVraogjXJM/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.bowdoin.edu/portal/The-Alternative-Minimum-Tax-and-Effective/-VVraogjXJM/">The Alternative Minimum Tax and Effective Marginal Tax Rates, Daniel Feenberg, James Poterba, (electronic resource)</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.bowdoin.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.bowdoin.edu/">Bowdoin College Library</a></span></span></span></span></div>
