T07-0340 - Replace Individual Income Tax with Republican Study Committee Alternative, Against a Current-Law Baseline with No AMT, Distribution of Federal Tax Change by Cash Income Level, 2007

2007 Distribution of federal tax change by cash income level resulting from replacing the current individual income tax with the Republican Study Committee's alternative tax. The alternative denies all itemized deductions and credits and provides a substantially larger standard deduction, slightly larger personal exemptions, and lower rates.