Postwar Taxation and Economic Progress

By Harold M. Groves | Go to book overview

APPENDIX B1

TECHNIQUE EMPLOYED TO ESTIMATE THE PERSONAL - INCOME - TAX REVENUE

THE personal-income-tax base at assumed levels of national income payments, with designated personal exemptions and various schedules of tax rates, was estimated by two methods. One method was developed for individual net incomes below $5000 and another for individual net incomes of $5000 and over.


Net Income below $5000

Estimates for this lower-income group2 involve three steps: (1) analysis of 1941 income-tax returns; (2) adjustment of 1941 returns by means of a study of the distribution of income made by the Division of Tax Research;3 (3) inflation of the adjusted returns and income to the assumed level of national income.

Analysis of 1941 Returns . The 1941 returns were tabulated by exemption status to form three distributions: (1) family returns, composed of joint returns and returns of single individuals claiming head-of-family exemption; (2) separate returns of husbands and wives and community property returns; and (3) single returns of single and married individuals claiming single exemption. This tabulation was made directly from the tables presented in Statistics of Income for all returns on Form 1040. Since returns on Form 1040A were classified by gross income, they were redistributed into

____________________
1
Prepared by Oscar Litterer and Charlotte McNiesh.
2
This method was outlined by William Vickrey.
3
Hart and Lieblein, Division of Tax Research. This study included cross tabulations between net income and exemption status. It is based on a sample of consumer incomes compiled by the Bureau of Labor Statistics.

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