Tax cut of 1964
Category: Reference, Education and News > General Reference
Asked by: hotpatatta-ga
List Price: $8.00
09 Jun 2005 16:26 PDT
Expires: 09 Jul 2005 16:26 PDT
Question ID: 531583
I am looking for a clear New York Times report on the big 1964 Tax cut. It was passed and signed on Feb. 26, 1964. A number of books that I have looked at on the tax cut are very prudish about telling us exactly what the percentage cuts were and how the benefits might break down as between rich and poor. Thank you kindly.
Re: Tax cut of 1964
Answered By: pafalafa-ga on 10 Jun 2005 19:13 PDT
Hello again, As long as I was in the NY Times database already for your other question, I thought I'd take a crack at this one as well. The best article on the tactual ax cut rates appears to be this one: ----- INDIVIDUAL TAXES CUT BY $9 BILLION New York Times Feb 27, 1964 pg. 18 Two years from now, the 51 million individuals and couples who share their income with the Federal Government will be keeping about $9 billion more of it than they do under present law... ...[the tax law] works out as an average tax cut of about 19%... ...the average cut on income up to $3,000 is 30 per cent... [other rates noted in the article are;} --26.9% on incomes of $3-5,000 --20.6% on incomes of $5-10,000 --17% on incomes of $10-20,000 --13.2% on income above $50,000 ----- Once again, I can't provide the full article as it is copyrighted, but you can access it yourself at the NY Times archives site, or through your local library. Let me know if there's anything else I can do for you on this. pafalafa-ga search strategy -- searched the NY Times archives database for tax cut articles in the February-March period in 1964.
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Re: Tax cut of 1964
From: cynthia-ga on 09 Jun 2005 17:09 PDT
You might find his interesting: The Kennedy-Johnson Tax Cut: A Revisionist History http://www.econ.queensu.ca/faculty/prachowny/CEA.HTM
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