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Full-Text Articles in Law
United States Federal Tax Policy Surrounding The Investment Tax Credit: A Review Of Legislative Intent And Empirical Research Findings Over Thirty Years (1962-1991), Robert E. Rosacker, Richard W. Metcalf
United States Federal Tax Policy Surrounding The Investment Tax Credit: A Review Of Legislative Intent And Empirical Research Findings Over Thirty Years (1962-1991), Robert E. Rosacker, Richard W. Metcalf
Akron Tax Journal
Congress enacts tax legislation amidst numerous concerns beyond mere revenue raising. Significant congressional tax policy consideration is conferred upon social objectives, equity concerns, administrative matters, and macroeconomic goals. Within the purview of macro-economic goals can be found federal tax policy relating to investments in fixed assets - which assets are depreciable, the allowable depreciation methods, depreciable lives, and the investment tax credit. Federal tax policy concerning the investment tax credit (ITC) is the topic of this article.
Tax Sheltering Of Income: Passive Losses Under The Tax Reform Act Of 1986, Nina J. Crimm, Ryan R. Brenneman
Tax Sheltering Of Income: Passive Losses Under The Tax Reform Act Of 1986, Nina J. Crimm, Ryan R. Brenneman
Akron Tax Journal
It is abundantly clear to those in the press and on Capitol Hill that the provisions of the new Tax Reform Act of 19862 will constitute the death knell for tax shelters. The text of the Congressional Record and pages of business, financial journals and newspapers for months prior to the Act's enactment were filled with commentary as to this doomsday effect. However, a prudent reviewer of the actual tax-sheltering provisions of the Act would be far less certain in his estimation of their overall and lasting effect. Even though the so called elimination of tax shelters has been hailed …
Tax Equity And Fiscal Responsibility Act Of 1982, Merlin G. Briner
Tax Equity And Fiscal Responsibility Act Of 1982, Merlin G. Briner
Akron Tax Journal
O N AUGUST 20, 1982, President Reagan signed into law the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), the fourth piece of major tax legislation in less than seven years. Though TEFRA has been said to provide the single largest tax increase in American history, President Reagan lobbied for it not as a tax bill, but as a revenue measure which, to his mind, in no way represented a backing-off from his vaunted "supply side-trickle down" economic program. This article will discuss the implications of TERFA on both the individual taxpayer and businesses.