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Disability Income is now taxed. Thus, their disability
income would be included in gross income only to the extent
total income exceeds $25,000 (single) or $32,000 (joint
returns).
Include non-combat-related disability payments to partially
disabled veterans in gross income, but make all such payments
eligible for the tax credit, not just the first $6,000
(single) or $9,000 (joint returns) as originally proposed. A
90% disabled veteran would pay tax only if income exceeds
$13,000 (single) and $16,500 (couple); a 50% disabled veteran
would pay tax only if income exceeds $9,000 (single) and
$12,500 (couple). These tax exempt thresholds exceed those
applicable under current law.
0
Retain the exclusion for supplementary payments that clearly
reflect medical costs (such as payments for home nursing
care).
Reasons for Change in Proposal:
0
Modification would not tax combat-related disability
payments.
0
Modification would provide identical treatment for
totally disabled veterans receiving veterans'
non-combat-related disability payments and other totally
disabled individuals receiving Social Security Disability
Income.
o
Modification would provide identical treatment SAVICE for.
partially disabled veterans receiving non-cembat-related
disability payments and other partially disabled
individuals who receive workers' compensation.
0
Veterans' disability income generally would not be taxed
unless a veteran has substantial income from other
sources.
Revenue Estimates
($ billions)
1986
1987
1988
1989
1990
5-Year Sum
Original Proposal
-
0.9
1.5
1.5
1.6
5.5
Possible Modification
-
0.6
1.1
1.1
1.1
3.9
Approve RR -
Disapprove
- 6 -
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"ocrText": "Disability Income is now taxed. Thus, their disability\nincome would be included in gross income only to the extent\ntotal income exceeds $25,000 (single) or $32,000 (joint\nreturns).\nInclude non-combat-related disability payments to partially\ndisabled veterans in gross income, but make all such payments\neligible for the tax credit, not just the first $6,000\n(single) or $9,000 (joint returns) as originally proposed. A\n90% disabled veteran would pay tax only if income exceeds\n$13,000 (single) and $16,500 (couple); a 50% disabled veteran\nwould pay tax only if income exceeds $9,000 (single) and\n$12,500 (couple). These tax exempt thresholds exceed those\napplicable under current law.\n0\nRetain the exclusion for supplementary payments that clearly\nreflect medical costs (such as payments for home nursing\ncare).\nReasons for Change in Proposal:\n0\nModification would not tax combat-related disability\npayments.\n0\nModification would provide identical treatment for\ntotally disabled veterans receiving veterans'\nnon-combat-related disability payments and other totally\ndisabled individuals receiving Social Security Disability\nIncome.\no\nModification would provide identical treatment SAVICE for.\npartially disabled veterans receiving non-cembat-related\ndisability payments and other partially disabled\nindividuals who receive workers' compensation.\n0\nVeterans' disability income generally would not be taxed\nunless a veteran has substantial income from other\nsources.\nRevenue Estimates\n($ billions)\n1986\n1987\n1988\n1989\n1990\n5-Year Sum\nOriginal Proposal\n-\n0.9\n1.5\n1.5\n1.6\n5.5\nPossible Modification\n-\n0.6\n1.1\n1.1\n1.1\n3.9\nApprove RR -\nDisapprove\n- 6 -"
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