TITLE

STAT BANK

PUB. DATE
October 1997
SOURCE
Journal of Financial Planning;Oct97, Vol. 10 Issue 5, p18
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article gives statistical information related to the economy of the United States. The following figures were obtained: percentage of total taxes collected by IRS in 1996 represented its estate and gift taxes was 1.2%; percentage of total taxes collected by IRS in 1996 represented by individual income taxes was 48%; percentage of employees expected to be enrolled in HMOs by the year 2000 was 40%; percentage of two-income couples hit by the income tax "marriage penalty" in 1996 was 42%; percentage of two-income couples who received a "marriage bonus" on their income taxes in 1996 was 51%; percentage of people saving for retirement who do not know maximum tax deductible contribution allowed to IRA was 56%; percentage of families who have discussed last wishes, finances and location of financial documents with their adult children was 50%; percentage of pensioners who receive less from their pension plans than they are entitled to was 14%.
ACCESSION #
9712013874

 

Related Articles

  • DISTRIBUTIONAL TAX PROGRESSIVITY INDEXES. Kiefer, Donald W. // National Tax Journal;Dec84, Vol. 37 Issue 4, p497 

    This article analyzes the characteristics and policy implications of the distributional tax progressivity indexes which have previously been used in the literature. The findings are that the indexes are not consistent with one another and that, in many cases, their social welfare and policy...

  • 'Retirement plan rescue' saves a ton of taxes. Blackman, Irving L. // Contractor Magazine;Dec2006, Vol. 53 Issue 12, p34 

    This article offers ideas on addressing taxation issues in a qualified retirement plan. Information is presented on the positive and negative aspects of having a substantial amount in a retirement plan. The subtrust strategy is explained, as well as the core concept behind the retirement plan...

  • Q&A….  // Money Management;11/24/2005, Vol. 19 Issue 44, p36 

    The article presents an answer to a question related to pensions in Australia. A question has been asked by a reader regarding the tax components of an ordinary eligible termination payment that a client can cash out from pension. The recipients of pension are limited to specific components such...

  • Warning that new pensions may not give IHT freedom. Phillipps, James // Money Marketing;10/7/2004, p76 

    Reports on financial adviser's caution against family-based occupational pension schemes in Great Britain. Possibility of inheritance tax liability; Cost concerns; Advantages of the scheme for financially-secured individuals.

  • WEEKLY UPDATE. McCarthy, Warren // Bulletin with Newsweek;5/15/2007, Vol. 125 Issue 6569, p51 

    The article provides advice on the issue of downsizing the family home in Australia. This issue comes up as the foremost consideration of the after-tax superannuation opportunity of up to $1 million before June 30, 2007. Emotional attachment to a family home needs to be left behind for a better...

  • ANALYZING AND MEASURING THE INEQUALITY IN INCOME DISTRIBUTION. Blagun, I. S.; Dmytryshyn, L. I. // Actual Problems of Economics / Aktual'ni Problemi Ekonomìki;Apr2013, Vol. 142 Issue 4, p192 

    The article considers and analyzes the classical income inequality indicators and offers a distribution model which improves the economic and statistical methods of analysis for population income in the context of grounding the income differentiation indicators both by structure and time.

  • Wage inequality in Latin America: a decade of changes. Contreras, Dante; Gallegos, Sebastián // CEPAL Review;Apr2011, Issue 103, p27 

    This work helps to explain the determinants of wage distribution in Latin America in the 1990s. The study employs the basic model of wage variance decomposition developed by Fields (2002), on the basis of an estimated Mincer wage equation adjusted for selection bias, which enables quantification...

  • Turning on the TAPs. Kelly, Ross // Money Management;9/16/2004, Vol. 18 Issue 34, p15 

    Reports on the launch of term allocated pensions (TAP) in Australia. Concept of TAP; Comment of Richard Gilbert, chief executive of the Investment and Financial Services Association, regarding the pension scheme; Estimated number of Australians with money in retirement income stream.

  • Super and the pension. FREEMAN, PETER // Money (Australia Edition);Mar2011, Issue 132, p78 

    The article discusses the role of a part pension on retirement planning in Australia. According to Bridges Personal Investment Services technical services manager Donald Lobo, many retirees depend on a part pension to generate an acceptable retirement income. However, Lobo warns that pension...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics