Effective Tax Rates: Fact or Fancy?
| dc.contributor.author | Bittker, Boris | |
| dc.date | 2021-11-25T13:34:23.000 | |
| dc.date.accessioned | 2021-11-26T11:38:28Z | |
| dc.date.available | 2021-11-26T11:38:28Z | |
| dc.date.issued | 1974-01-01T00:00:00-08:00 | |
| dc.identifier | fss_papers/2290 | |
| dc.identifier.citation | Boris I Bittker, Effective Tax Rates: Fact or Fancy, 122 U. PA. L. REV. 780 (1973). | |
| dc.identifier.contextkey | 1912049 | |
| dc.identifier.uri | http://hdl.handle.net/20.500.13051/1590 | |
| dc.description.abstract | For at least twenty-five years, tax commentators have pointed out that the Internal Revenue Code's rate schedules, which now start with a rate of 14 percent and rise to a top rate of 70 percent, are misleading. One source of confusion is the difference between the marginal rate applicable to a taxpayer's final dollar of taxable income and the average rate applicable to his taxable income as a whole. A married couple with $20,000 of taxable income, for example, is subject to a rate of 14 percent on their first $1,000 and to gradually increasing rates on additional increments to their income, until a rate of 28 percent is reached on their last $4,000 of taxable income. But their actual tax liability is $4,380, or about 22 percent of their taxable income of $20,000. | |
| dc.title | Effective Tax Rates: Fact or Fancy? | |
| dc.source.journaltitle | Faculty Scholarship Series | |
| refterms.dateFOA | 2021-11-26T11:38:29Z | |
| dc.identifier.legacycoverpage | https://digitalcommons.law.yale.edu/fss_papers/2290 | |
| dc.identifier.legacyfulltext | https://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=3406&context=fss_papers&unstamped=1 |
