Navigation Links
Policy experts urge scrutiny of senior tax breaks
Date:2/27/2009

The latest installment of Public Policy & Aging Report (PPAR) examines the wide-ranging tax provisions that affect older taxpayers. These include deductions, exemptions, deferrals, and circuit breakers, most of which benefit older adults. This subject matter has particular relevance as President Barack Obama prepares a plan that may eliminate income tax for persons aged 65 and older who earn less than $50,000.

"In the present environment, where federal, state, and local governments' budgets are under enormous stress, the tax treatment of older people is clearly worth a careful review," said PPAR Editor Robert Hudson, PhD.

The new PPAR devotes four articles to addressing the twin questions of how tax codes differentially affect older people than others and whether such treatment is consistent with the original intent of these provisions. Among the authors are economists Karen Conway, PhD, and Jonathan Rork, PhD; Urban Institute Fellow Rudolph Penner, PhD; Center on Budget and Policy Priorities analyst Elizabeth McNichol, MA; and AARP Policy Institute scholars John Gist, PhD, and David Baer.

Currently, over half the states exempt Social Security income from taxes; half exempt some or all private pension income; and two-thirds exempt some or all government pension income. For nearly 50 years, the federal government never taxed Social Security income; now many middle-income and all high-income seniors have that income partially taxed.


'/>"/>

Contact: Todd Kluss
tkluss@geron.org
202-587-2839
The Gerontological Society of America
Source:Eurekalert

Page: 1

Related medicine news :

1. AIDS Action Applauds President on Appointment of Jeffrey Crowley as Director of National AIDS Policy
2. Landmark Policy Report: Many Cancers Could Be Prevented Across the Globe
3. Experts in Government, Public Health, Public Policy and Science Outline Blueprint for Reducing Death and Disease From Tobacco in the United States
4. U.S. Healthcare Efficiency Index(TM) Expands Advisory Council; Calls on Policymakers to Act on Billions in Administrative Waste
5. Statins Pay Off on a Health-Policy Level, UCSF Study Finds
6. National Press Club to Host NEWSMAKER Media Briefing on Health Policy Recommendations With Dr. John Mendelsohn
7. Statement From Pew Health & Human Services Policy Program on the Introduction of the Delauro Food Safety Modernization Act
8. Recent U.S. Ambassador to Tanzania Mark Green Named Managing Director of Malaria No More Policy Center
9. Allstate and Advocates for Highway and Auto Safety Unveil Public Policy Fellowship Program
10. Patient-Centered Medical Homes Can Improve Care, Reduce Costs; Independence Blue Cross Medical Executive Discusses Innovative PA Program With Nations Health Care Policy Makers
11. Providence Service Corporation Provides The Center on Budget and Policy Priorities Preliminary Analysis of Potential Medicaid Assistance for States in the House Economic Recovery Package
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... June 26, 2016 , ... On June 10-11, 2016, A Forever Recovery, a ... and World’s Longest Breakfast Table in Battle Creek, MI, where the rehabilitation facility is ... to some of the world’s leading providers of cereal and other breakfast foods. Its ...
(Date:6/26/2016)... , ... June 26, 2016 , ... ... once they have been diagnosed with endometriosis. These women need a treatment plan ... require a comprehensive approach that can help for preservation of fertility and ultimately ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... "With 30 ... their specific project," said Christina Austin - CEO of Pixel Film Studios. , ... and all within Final Cut Pro X . Simply select a ProHand generator ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... On Friday, ... presented a Bronze Wellness at Work award to iHire in recognition of their exemplary ... part of the 7th annual Maryland Workplace Health & Wellness Symposium at the BWI ...
(Date:6/24/2016)... , ... June 24, 2016 , ... June 19, 2016 ... dangers associated with chronic pain and the benefits of holistic treatments, Serenity Recovery ... are suffering with Sickle Cell Disease. , Sickle Cell Disease (SCD) is a disorder ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 24, 2016 Research and ... "Structural Electronics 2015-2025: Applications, Technologies, Forecasts" report ... In-Mold Electronics, Smart Skin, Structural Health Monitoring, ... Structural electronics involves electronic and/or electrical components ... replacing dumb structures such as vehicle bodies or ...
(Date:6/24/2016)... 24, 2016 Research and Markets has ... Companion Diagnostic Tests" report to their offering. ... Diagnostics The World Market for Companion Diagnostics ... diagnostics. Market analysis in the report includes the following: ... Vitro Diagnostic Kits) by Region (N. America, EU, ROW), 2015-2020 ...
(Date:6/24/2016)... June 24, 2016  Arkis BioSciences, a leading ... and more durable cerebrospinal fluid treatments, today announced ... Series-A funding is led by Innova Memphis, followed ... other private investors.  Arkis, new financing will accelerate ... the market release of its in-licensed Endexo® technology. ...
Breaking Medicine Technology: