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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Sep 12, 1966
Page
6
The study by Joseph A. Pechman finds the U.S. tax system yields uneven burdens. It notes a 29.1 percent tax share for incomes of 150 000 to 200 000, then declines. top rates reach 70 percent for incomes above 200 000. The piece critiques capital gains treatment and calls for reform to aid lower middle income families.
Pechman discusses the unfair split income provisions of the tax law that let married couples pay lower rates than single individuals. He notes elderly tax rules with double exemptions, nontaxable Social Security, and retirement income provisions affecting older earners.
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