 ... credit to higher income taxpayers. Consequently, the maximum amounts of the base for the credit are reduced by one-half of the adjusted gross income in excess of $7,500 for a single person and $10,000 for a married couple filing a joint return ($5,000...  Budget Issues: Staff Studies for Fiscal 1977 - Page 107by United States. Congress. Senate. Committee on the Budget - 1976 - 165 pagesFull view - About this book
 | United States. Congress. Joint Committee on Taxation - 1976 - 710 pages
...change in this area is the elimination of the cutback of the credit for earned income. The Congress concluded, however, that in view of the broadening...reaches $12,500 ($7,500 plus two times $2,500). For a joint return the credit would be available up to an income level of $15,000 if only one spouse is... | |
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