Middle Income Wage Earner Tax Relief Act of 1980

[AI summary unavailable — showing source text] Middle-Income Wage Earner Tax Relief Act of 1980 - Title I: Four Percent Income Tax Credit for Individuals - Amends the Internal Revenue Code to allow a refundable income tax credit equal to four percent of the taxes paid by individual taxpayers. Limits the amount of such credit to $250 for the taxable year for a taxpayer filing an individual return and $500 for the taxable year for taxpayers filing a joint return. Disallows such credit to any estate, trust, or nonresident alien individual. Title II: Permanent Tax Credit for Social Security Taxes - Amend the Internal Revenue Code to allow a refundable income tax credit equal to ten percent of the net social security taxes paid by employees, employers, and self-employed individuals during the taxable year. Title III: Relief from Marriage Penalty - Amends the Internal Revenue Code to allow married individuals filing jointly a nonrefundable income tax credit equal to six percent of the earned income of the spouse who earns 50 percent or less of the combined earned income of both the husband and wife for the taxable year. Limits the amount of such credit to $500 for the taxable year. Requires the reduction of such credit by one percent…