Chapter 8 - Introduction to Tax Terminology, the Tax Formula, and Tax Rates

• 2000 Tax Rates, Exemption Amount, and Standard Deduction: Revenue Procedure 99-42, 1999-46 I.R.B. 568.

• 1999 Tax Rates, Exemption Amount, and Standard Deduction: Revenue Procedure 98-61, 1998-52 I.R.B. 18.

• 1998 Tax Rates, Exemption Amount, and Standard Deduction: Revenue Procedure 97-57, 1997-52 I.R.B. 20.

Remember, the corporate tax brackets do not change from year to year because they are not adjusted for the effects of inflation.

Links to Additional Information

• Marriage Penalty: Some government reports on this topic are available on the Internet:
  • Joint Economic Committee, Reducing Marriage Taxes: Issues and Proposals, May 1998.
  • Joint Committee on Taxation, Present Law and Background Relating to Proposals to Reduce the Marriage Tax Penalty, January 1998.
  • Congressional Budget Office, For Better or For Worse: Marriage and the Federal Income Tax, June 1997.

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Last updated on February 24, 2000.
Tax Aspects of Business Transactions: A First Course, by Annette Nellen