Research Report Federal Taxes and the Elderly
Rudolph G. Penner
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The article considers special federal tax provisions affecting the elderly. It examines the taxation of Social Security, private retirement accounts, estate taxation and other provisions of the law that mention age. It also analyzes how the elderly might be affected by tax increases necessitated by the dismal long-run budget outlook. In particular, it looks at the possibility that we shall become more reliant on consumption taxes.
Research Areas Economic mobility and inequality Aging and retirement Taxes and budgets
Tags Fiscal policy Economic well-being Individual taxes Income and wealth distribution Retirement policy