|
|
Article: Federal personal income taxes: liabilities and payments, 1981-85.
- Article from:
- Survey of Current Business
- Article date:
- June 1, 1987
- Author:
CopyrightCOPYRIGHT 1987 U.S. Government Printing Office. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Federal Personal Income Taxes: Liabilities and Payments, 1981-85
THIS article presents revised quarterly Federal personal income tax liabilities for 1981-84 and extends the series to 1985.1 The revisions in the liability series for 1981-82 affect quarterly estimates only. In the previous estimates, declines in personal income tax liabilities under provisions of the Economic Recovery Tax Act of 1981 (ERTA) were assumed effective in October 1981, in July 1982, and in July 1983. In the revised estimates, the liability declines are effective in January of each of those years. Liabilities are also revised to incorporate the final 1984 and preliminary 1985 data from ...