State Income Tax Treatment of the Elderly

20 Pages Posted: 29 Jun 2004

See all articles by Barbara Edwards

Barbara Edwards

Government of the United States of America - Tax Analysis Division

Sally Wallace

Georgia State University - Department of Economics; University of Pretoria

Abstract

The state and local tax treatment of the elderly varies significantly from state to state. In this article, we analyze the differences in effective tax rates for the state personal income tax for elderly versus non-elderly taxpayers. We find that in a majority of states, the average effective tax rate facing the elderly is significantly lower than that of non-elderly taxpayers. The consequences of this tax rate difference may impact long-term state income tax revenues as the elderly population continues to grow.

Suggested Citation

Edwards, Barbara and Wallace, Sally, State Income Tax Treatment of the Elderly. Public Budgeting and Finance, Vol. 24, No. 2, pp. 1-20, June 2004. Available at SSRN: https://ssrn.com/abstract=537941

Barbara Edwards

Government of the United States of America - Tax Analysis Division ( email )

Washington, DC
United States

Sally Wallace

Georgia State University - Department of Economics ( email )

Department of Economics
35 Broad Street, 6th Floor
Atlanta, GA 30303-3083
United States
(404) 413-0046 (Phone)

University of Pretoria ( email )

Physical Address Economic and Management Sciences
Pretoria, Gauteng 0002
South Africa

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