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Financial Planning / Tax Strategies


Subject:  Re: The Cost Basis Crisis Date:  6/30/2006  11:35 PM
Author:  DBAVelvet74 Number:  87630 of 123001

In the first year SSN's were required something like 25 million dependents disappeared from returns.

It was more like 7 million.

One interesting side note on that:

Alternative explanations might account for a substantial portion of the drop in number of claimed dependents, though. For example, it was not until 1987 that the IRS first demonstrated a program to allow parents to automatically obtain Social Security numbers for their newborn children when those births were registered, and the program did not become nationwide until 1989. Since the average citizen doesn't generally keep abreast of all the changes made to tax code from year to year until they directly affect him, perhaps man