How the Income Tax Treatment of Saving and Social Security Benefits May Affect Boomers' Retirement Incomes

Barbara Butrica, Karen Smith () and Eric Toder

Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research

Abstract: Income tax provisions affect the buildup of retirement assets during workers’ careers and after-tax income following retirement. This paper uses the Urban Institute’s DYNASIM model to simulate how potential changes in the tax treatment of retirement saving, Social Security benefits, and income from assets outside of retirement accounts may affect boomers’ retirement incomes. Results show that changes in the income thresholds for taxing Social Security benefits have the largest impact on middle-income boomers, while changes in contribution limits for retirement saving plans and tax rates on capital gains and dividends have the largest impact on the highest income boomers.

Pages: 42 pages
Date: 2008-01, Revised 2008-02
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://crr.bc.edu/working-papers/how-the-income-ta ... -retirement-incomes/ (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:crr:crrwps:wp2008-3

Access Statistics for this paper

More papers in Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research Contact information at EDIRC.
Bibliographic data for series maintained by Amy Grzybowski () and Christopher F Baum ().