Although the committee reports to ERTA
directly address salvage value, they are vague on whether the useful-life standard has been legislated into oblivion.
The most important was the need to finance the burgeoning federal deficit caused by ERTA
and spending on defense, and eliminating tax on portfolio interest would encourage foreign investment in United States source debt instruments.
Selon Silvie Bernier, specialiste du livre illustre au Quebec, l'Ecole des arts graphiques et le travail d'Albert Dumouchel autour des Atelien d'arts graphiques sont directement responsables de l'eclosion des editions ERTA
, mais aussi des editions Goglin qui regroupent une seconde generation de graveurs que l'on retrouve, entres autres, dans la publication Sept Eaux-fortes en 1957 (73).
9) Thus, ERTA
rejected narrower definitions of credit-eligible expenditures in earlier versions of the bill.
The Joint Committee on Taxation (JCT), which is responsible for estimating the revenue effects of all legislation being considered by Congress, predicted that by 1984 ERTA
would result in a revenue loss of $148 billion compared to the revenues expected under pre-ERTA
In the 1981-1986 period, following the 1981 ERTA
, target returns drop to 15.
Even the most cursory look at the evidence, however, shows ERTA
raised the share of the tax burden borne by the rich.
Part I is a detailed apology for Reagan's 1981 tax cuts--the Economic Recovery Tax Act, or ERTA
Although the Tax Reform Act of 1984 (TRA) increased liabilities by delaying, reducing, or repealing certain tax reductions enacted by ERTA
and scheduled to take effect in 1985, the increase was not enough to overcome large final payments arising &om underpayments of the 1984 liabilities.
However, the ERTA
of 1981 allowed the marital deduction for life interests that were not terminable, as long as the property was "qualified terminable interest property" (QTIP), defined as property in which the (surviving) spouse has sole right to all income during his or her life, payable at least annually, but no power to transfer the property at death.
Court of Federal Claims DC District Court ERISA Employee Retirement Income Security Act of 1974 ERTA
Economic Recovery Tax Act of 1981 Fed.
With the changes made first by ERTA
(requiring the annual adjustment of the rate and the daily compounding of interest), then by the Tax Equity and Fiscal Responsibility Act of 1982 (requiring the semi-annual adjustment of the rate), and finally by the Tax Reform Act of 1986 (requiring quarterly adjustments), the potential for any significant differential was limited.