Taxation. Federal Income Tax. Taxable Income Held Realized by Donor of Right to Future Income

doi:10.2307/1117307

Taxation. Federal Income Tax. Taxable Income Held Realized by Donor of Right to Future Income

Columbia Law Review ◽

10.2307/1117307 ◽

1941 ◽

Vol 41 (2) ◽

pp. 340

Keyword(s):

Income Tax ◽

Taxable Income ◽

Federal Income Tax ◽

Future Income

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Taxation: Federal Income Tax: Exemplary Damages as Taxable Income to Recipient

Michigan Law Review ◽

10.2307/1285380 ◽

1953 ◽

Vol 52 (1) ◽

pp. 168

Author(s):

Eliot Gerber

Keyword(s):

Income Tax ◽

Taxable Income ◽

Federal Income Tax

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Social Security Benefits Taxation: Issues And Present Status

Journal of Business & Economics Research (JBER) ◽

10.19030/jber.v10i12.7421 ◽

2012 ◽

Vol 10 (12) ◽

pp. 659

Author(s):

Ralph B. Fritzsch ◽

Neal R. VanZante ◽

Catherine Gaharan

Keyword(s):

Social Security ◽

Income Tax ◽

Tax Law ◽

Font Size ◽

Tax Rate ◽

Taxable Income ◽

Current State ◽

Federal Income Tax ◽

Gross Income ◽

Social Security Benefits

Taxation of Social Security benefits was introduced in 1983 as part of a general restructuring of Social Security. As part of the 1993 Omnibus Budget Reconciliation Act, taxation of benefits was revised and expanded. Inclusion of social security benefits as part of taxable income is determined by comparing a modification of adjusted gross income and half of social security benefits to threshold amounts established in each tax law. Unlike most amounts used to determine tax, the thresholds were not subject to indexation or revision. This paper examines the current state of social security taxation in light of personal income changes, social security benefit revisions and federal income tax rate and bracket modifications that have taken place over the fourteen years since the last revision in taxation of benefits.

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Simplified Procedures for Computing the Federal Income Tax

Mathematics Teacher ◽

10.5951/mt.62.1.0005 ◽

1969 ◽

Vol 62 (1) ◽

pp. 5-11

Author(s):

Robert L. Morton

Keyword(s):

Lower Limit ◽

Income Tax ◽

Internal Revenue Service ◽

Taxable Income ◽

Internal Revenue ◽

Federal Income Tax ◽

The Difference ◽

Simplified Procedures

The procedure outlined by the Internal Revenue, service (IRS) for computing the amount of tax due, after the taxable income has been determined (line lld, Form 1040), requires five computational steps: (1) subtract the lower limit or the top bracket from the taxable income, (2) multiply the difference by the applicable rate, (3) add the product to a stated amount, (4) multiply the amount obtained in Step 3 by .075, and (5) add the product to the amount obtained in Step 3.

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