However, finding the correct marginal rate
for tax planning purposes is not always easy.
member, the family's marginal rate
of substitution of family
Although it is true the marginal rates
of substitution will tend to differ for each individual in a Becker model, Pareto optimality does not necessarily require that marginal rates
of substitution are equal for all consumers.
Further, the average t-statistic for [a.sub.0] is 3.65; this supports the hypothesis that average and marginal rates
differ over the set of countries studied.
Evidence from two studies of land-use change in fast-growth areas shows that there was little change in marginal rates
of urban land consumption between 1960 and the early 1980s.
This increase in the marginal rate
from 28 to 33% eliminates the benefit of the taxpayer's 15% bracket.
In addition to keeping marginal rates
as low as possible, IFA is focused on enacting a permanent solution to the estate tax; extending the current capital gains tax rate of 15 percent, and permanently shortening the depreciation schedule for restaurant buildings to 15 years.
persons owning PFIC stock--even one share--may be subject to tax at top marginal rates
(without regard to the stockholder's tax attributes, such as net operating losses), on certain distributions on, and dispositions of, PFIC stock; see Sec.
* Ordinary income from exercise taxed at 46 percent (top marginal rates
Topics covered include making the most of rebate checks or tax credits, lower marginal rates
, increased child tax credit, and increased alternative minimum tax exemption.
Each of the other marginal rates
drop 1 percent on July 1, 2001, and then gradually phase down to new rates of 35 percent, 33 percent, 28 percent, 25 percent, 15 percent and 10 percent by 2006.
Rather, it is just the opposite--the marginal rates
occur because of low tax rates and hard-won benefits for the poor.
Committee chairman Bill Archer (R-Texas) asked witnesses if the AMT should be completely eliminated and Rob Portman (R-Ohio) asked if the) would support a minor increase in marginal rates
to offset the cost of eliminating the phaseouts.
The losers would be those paying low marginal rates
today, including industries with high capital expenditures and special tax breaks, such as oil and gas producers and airlines.
Children age 14 or older who earn income from gift property get even better tax treatment, because your marginal rates