Charitable Standard Mileage Rate. : Considerations for the 111th Congress.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Tax incentives.

Automobiles.

Income tax.

Physical Description:

1 online resource (34 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2010.

System Details:

text file

Summary:

Examines roles of optional standard mileage rate, explains why charitable and medical/moving standard mileage rates are lower than the business rates, considers value of tax subsidy, outlines legislative history, and outlines legislation in the 111th Congress. Calculates tax savings per mile from a charitable mileage deduction, at each of the six marginal tax rates under the individual income tax, at the current rate of 14 cents per mile and at alternative charitable mileage rates proposed in the bills introduced. Compares value of mileage reimbursements after tax under different scenarios to the tax savings from mileage deductions. Includes tables.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Sept. 2012). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress.Congressional Research Service. Charitable Standard Mileage Rate

Access Restriction:

Restricted for use by site license.