The legislative history of the 1989 Act makes clear that Congress considered and retained the single taxpayer
rule for purposes of calculating the research credit under the revised statute.
62) Finally, these credits are eliminated for single taxpayers
whose adjusted gross income is $57,000 or more, and for married filing jointly taxpayers whose adjusted gross income is $114,000 or more.
For instance, a single taxpayer
with taxable income between EUR 9,252 and EUR 55,007 will be subject to a marginal tax rate that varies between 23.
99% Table 6: Simulated Tax Returns for Single Taxpayers
Panel A: Tax Returns Using 1999 Tax Rates and Rules 1999 Household Income Percentiles Information 20th 40th 60th Adjusted Gross Income $17,196 $32,000 $50,520 Exemption Amount $2,750 $2,750 $2,750 Standard Deduction $4,300 $4,300 $4,300 Tax.
For a single taxpayer
, the 80% ceiling would be reached at an AGI level of $180,000, calculated using equation 3 as:
For single taxpayers
the limitation is $65,000 and $130,000 for married taxpayers filing jointly.
A single taxpayer
who had $50,000 of taxable income paid roughly $8,579 in taxes last year with a standard deduction.
In addition, the 15 percent tax rate for a single taxpayer
extends to $26,250 of taxable income but that amount is not double for married filing jointly taxpayers but is extended only to taxable income of $43,850 (167.
Thus, we commend LMSB's efforts to ensure that no single taxpayer
, group of taxpayers, or other industry "representatives" are accorded exclusive access to the IIR process.
Not a single taxpayer
has yet qualified for a pounds 10 bonus for both filing their self-assessment details and paying their due tax electronically, the Inland Revenue admitted this week.
At one point Elvis was the largest single taxpayer
in the USA.