Newsletter Archive

November 15, 2006

The Tax Policy Center Newsletter

Update of the TPC Tax Model

The Tax Policy Center has completed an update of its microsimulation model of the federal tax system. The model now incorporates the most recent economic and revenue forecasts from the Congressional Budget Office, the latest demographic projections from the Bureau of the Census, and the latest tax data from the Statistics of Income Division of the IRS.

Visit the TPC Estimates Page

The Individual Alternative Minimum Tax: Historical Data and Projections

The individual alternative minimum tax (AMT) was originally enacted in 1969 to guarantee that high-income individuals paid at least a minimal amount of tax. Absent a change in law, however, the AMT threatens to grow from a footnote in the tax code to a scourge affecting more than 30 million taxpayers by 2010. This document presents and discusses updated estimates of AMT participation, revenue, and the distribution of AMT liability.

Read the complete paper

Distribution of the 2001 - 2006 Tax Cuts: An Update

This document contains updated estimates of how the tax cuts enacted since 2001 affect the distribution of tax burdens from 2006 through 2011. Although most families gain directly from the tax cuts, they increase the deficit and will eventually have to be offset by spending reductions or other tax increases. Therefore, in addition to standard distribution tables, we also examine the distributional impact of three different methods of financing the tax cuts. Including the effects of financing can change the picture dramatically.

View the updated paper and estimates

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