Income-Splitting Tax Act

[AI summary unavailable — showing source text] Income Splitting Tax Act- Extends to all unmarried individuals the full tax benefits of income splitting now enjoyed by married individuals filing joint returns. Provides that every individual shall make a declaration of his estimated tax if his gross income can be expected to exceed $10,000 (now $5,000) in the case of an individual subject to the tax imposed for the splitting of such income. (Amends 26 U.S.C. 1; 2; and 6015(a)(1))…