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:6/25/2017)... (PRWEB) , ... June 24, 2017 , ... Create a feel-good lyric music video in ... footage and sound in the timeline and write in the lyrics to any song. ProLyric ... back out. Each line of the text can be added modularly for optimal control. ProLyric ...
(Date:6/25/2017)... ... , ... With a heatwave currently bearing down on Northern California pushing temperatures to the maximum, ... ready is easy with laser hair removal. , The process of summer waxing and ... when all you want to do is get out, dive in and cool off. There ...
(Date:6/24/2017)... ... June 24, 2017 , ... Dr. Mitchell Mehlman and ... in Lake Ronkonkoma, Dental365 offers patients high-quality and affordable routine and emergency dental ... dentist fit into their patients’ busy lifestyles. Dental365 also gladly work with most ...
(Date:6/23/2017)... Alexandria, VA (PRWEB) , ... June 23, 2017 ... ... short of what is needed and will ultimately do significant harm to people ... care to everyone. , "While it leaves in place the Affordable Care ...
(Date:6/23/2017)... ... June 23, 2017 , ... The Military Officers Association of America (MOAA) ... of Veterans Affairs, retired Marine Col. Thomas G. Bowman. , Bowman currently serves as ... brings an intimacy with the issues and challenges veterans face with the VA. Following ...
Breaking Medicine News(10 mins):
(Date:6/7/2017)... 6, 2017  Diplomat Specialty Infusion Group, a brand of Diplomat ... its Iowa location. The ... now features an ISO 7 cleanroom—the standard needed to compound intravenous ... low level of pollutants. "Our ... and better serve our Iowa patients," said ...
(Date:6/1/2017)... , June 1, 2017 Nutriceutical Holdings (NH), ... Recommended Solutions (VRS), and KD Pharma Group have decided ... Holdings by KD Pharma Group. KD Pharma Group will ... option to acquire the entire company. "We ... They are committed to growing the NH companies by ...
(Date:5/26/2017)... DUBLIN , May 26, 2017  Endo International plc ... Campanelli , President and CEO, will represent the Company in ... Global Healthcare Conference on Tuesday, June 13, 2017 at 10:40 ... held at Terranea Resort in Rancho Palos Verdes, ... archive for the event will be available on the Company,s ...
Breaking Medicine Technology: