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
2007 Distribution of federal tax change by cash income percentile 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,
2008-18 Impact on individual income tax revenue for H.R. 3818, the Republican Study Committee's Taxpayer Choice Act (with a behavioral response). H.R. 3818 permanently repeals the individual alternative minimum tax (AMT), permanently extends the 2003 rate cuts on capital gains and dividends, and