The Nation: A Progressive New System with a Rebate to Boot

The table below spells out some of the pocketbook benefits of President Ford's proposed income tax cuts.

The figures assume that the taxpayer itemizes his deductions and subtracts 17% of his gross income — which is the national average for itemizers — before calculating his taxes. A further assumption is that married couples file joint returns.

In many respects, the new tax structure would be more equitable than the present system. People in all income groups would pay less in the future than in the recent past; but those with lower incomes would get larger reductions than more affluent people. In addition to...

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