The tax reform act of 1985 (H.R. 3838)

Brumbaugh, David L. (Author)

Esenwein, Gregg A. (Author)

1986

Library of Congress. Congressional Research Service

Estimates show that over its first five years, the Tax Reform Act of 1985 (HR 3838) would be revenue neutral, with a reduction in revenue from the individual income tax just offset by an increase in revenue from the corporate income tax. This report describes the major changes in the individual and corporate income tax systems that would produce these revenue patterns. Notwithstanding the five-year revenue estimates, the report concludes that the bill would not significantly increase the tax burden on corporate-sector income. Further, in the long-run, the bill may lose tax revenue compared to revenue that would be generated under the current tax system.

Abstract -- Introduction and Summary -- HR 3838's Effect on Tax Revenues. Aggregate Revenue Effects ; Revenues from Provisions Affecting Individuals ; HR 3838 and Revenues from the Corporate Income Tax ; Summary -- Would HR 3838 Shift the Tax Burden from Individuals to Corporations? -- The Long-Run Revenue Effect of HR 3838.

David L. Brumbaugh, Analyst in Public Finance and Gregg A. Esenwien, Economic Analyst, Economics Division.

CRS 86-586 E

"March 10, 1986."

SuDoc# 14. 18/3

eng

1986-01-01T00:00:00Z

40 pages

book

text