5.Horizontal inequities result because the benefit of tax preferences is distributed unequally among taxpayers with the same income broadly defined.
6.To deal with the growth of tax shelters,carryover of losses and interest deduction have been limited by 1986 legislation.
7.There has also been a substantial tightening of the minimum tax.Special relief is given to low-income taxpayers via certain tax credits.
8.The earned-income credit offers substantial relief toearned-income recipients with dependents, limited to the lower end of the income scaie.
9.The child care credit is designed to provide relief to low-income taxpayers with dependents,applicable to single returns or two joint returns where both spouses are employed.