The Genesis of Senior Income Tax Breaks
This article conducts two investigations — searching historical documents and testing the conclusions drawn with an econometric model of policy adoption — into why federal and state governments began offering senior income tax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.
Volume (Year): 65 (2012)
Issue (Month): 4 (December)
|Contact details of provider:|| Postal: 529 14th Street NW Suite 750, Washington DC 20045|
Web page: https://www.ntanet.org/
More information through EDIRC
References listed on IDEAS
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.:
- 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).
- 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.
- Jonathan Skinner & Douglas Staiger, 2007.
"Technology Adoption from Hybrid Corn to Beta-Blockers,"
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," Proceedings, Federal Reserve Bank of San Francisco, pages -.
- Jonathan Skinner & Douglas Staiger, 2005. "Technology Adoption From Hybrid Corn to Beta Blockers," NBER Working Papers 11251, National Bureau of Economic Research, Inc.
- C. Harry Kahn, 1960. "Personal Deductions in the Federal Income Tax," NBER Books, National Bureau of Economic Research, Inc, number kahn60-1.
- Friedberg, Leora, 1999.
"The effect of old age assistance on retirement,"
Journal of Public Economics,
Elsevier, vol. 71(2), pages 213-232, February.
- 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.
When requesting a correction, please mention this item's handle: RePEc:ntj:journl:v:65:y:2012:i:4:p:1043-68. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (A. Sinan Unur)
If references are entirely missing, you can add them using this form.