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Federal Tax Policies & Rural Households: Impact & Potential Reform (America in the 21st Century: Political and Economic Issues)

Economic Conditions

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Description

The Federal income tax structure has changed substantially over the last two decades. Tax rates have been reduced and deductions and credits, especially refundable tax credits, have expanded, reducing Federal income tax burdens and significantly increasing after-tax income. While these tax reforms have provided the greatest benefit to those with the highest tax liabilities, low- and middle-income rural residents, especially those with children, have been major beneficiaries of some of the changes. This book examines the effect on rural Americans of tax credits targeting low- and middle-income households by estimating the number of beneficiaries, the level of benefits, and the impact of the benefits on income and rural poverty. The relative importance of these tax credits compared with traditional income support programs is also discussed.

Product Specifications

Format: paperback
ASIN: 1626186294
Category: Books > Subjects > Business, Finance & Law > Economics > Economic Conditions
Domain: Amazon UK
Release Date: 01 July 2013
Listed Since: 26 March 2013

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Federal Tax Policies & Rural Households: Impact & Potential Reform (America in the 21st Century: Political and Economic Issues)

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