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T10-0211 - Sources of Flow-Through Business Income by Statutory Marginal Tax Rate, 2011 Baseline: Current Policy Plus Administration's Upper-Income Tax Proposals

Distribution of business income, by statutory marginal income tax rates and income type. Distribution under 2011 current policy plus Administration's upper income tax proposal;reinstate the 39.6 percent top rate; reinstate the 36 percent rate for married taxpayers with income over $250,000 ($200,000 for singles); reinstate the limitation on itemized deductions and the personal exemption phase-out for married taxpayers with income over $250,000 ($200,000 for singles); impose 20 percent tax rate on capital gains and qualified dividends for taxpayers in the top two tax brackets.

August 5, 2010