The Genesis Of Senior Income Tax Breaks
AbstractThis article conducts two investigations — searching historical documents and testing the conclusions drawn with an econometric model of policy adoption — into why federal and state governments began offering senior income tax breaks. Such tax breaks began by accident but their existence justified additional breaks. The two main breaks — the aged and the "pension" income exemptions — evolved under different, unrelated processes. The federal government initiated the aged exemption in part to address the high post-war cost of living, and the states followed. Conversely, pension exemptions were initiated by the states, did not become common until the 1970s, and have evolved into weapons of state policy competition.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by National Tax Association in its journal National Tax Journal.
Volume (Year): 65 (2012)
Issue (Month): 4 (December)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jon Bakija, 2006. "Documentation for a Comprehensive Historical U.S. Federal and State Income Tax Calculator Program," Department of Economics Working Papers 2006-02, Department of Economics, Williams College, revised Aug 2009.
- Rork, Jonathan C., 2005. "Getting What You Pay For: The Case of Southern Economic Development," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 35(2).
- Friedberg, Leora, 1999.
"The effect of old age assistance on retirement,"
Journal of Public Economics,
Elsevier, vol. 71(2), pages 213-232, February.
- Dora L. Costa, 1998. "The Evolution of Retirement: An American Economic History, 1880-1990," NBER Books, National Bureau of Economic Research, Inc, number cost98-1.
- C. Harry Kahn, 1960. "Personal Deductions in the Federal Income Tax," NBER Books, National Bureau of Economic Research, Inc, number kahn60-1.
- Jonathan Skinner & Douglas Staiger, 2005.
"Technology adoption from hybrid corn to beta blockers,"
Federal Reserve Bank of San Francisco.
- Jonathan Skinner & Douglas Staiger, 2007. "Technology Adoption from Hybrid Corn to Beta-Blockers," NBER Chapters, in: Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches, pages 545-570 National Bureau of Economic Research, Inc.
- Jonathan Skinner & Douglas Staiger, 2005. "Technology Adoption From Hybrid Corn to Beta Blockers," NBER Working Papers 11251, National Bureau of Economic Research, Inc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Charmaine Wright).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.