tax policy center
Tax Topics

Tax Topics

2009 Tax Stimulus
2012 Election Tax Plans
2015 Budget
Alternative Minimum Tax (AMT)
American Jobs Act of 2011
Brief Description of the Model 2013
Camp Tax Reform Plan
Current-Law Distribution of Taxes
Deficit Reduction Proposals
Distribution of the 2001 - 2008 Tax Cuts
Earned Income Tax Credit
Economic Stimulus
Education Tax Incentives
Estate and Gift Taxes
Expiration of the Bush Tax Cuts
Explanation of Income Measures 2013
Federal Budget
Fiscal Cliff
Fiscal Crisis
Flow-Through-Enterprises
Guide to TPC Tables
Health Insurance Tax Incentives
Homeownership
How to Interpret Distribution Tables 2013
Marriage Penalties
Model FAQ 2013
Model Related Resources and FAQs
Payroll Taxes
Presidential Transition - 2009
Recent Tax Stimulus Legislation
Retirement Saving
Tax Encyclopedia Index
Tax Expenditures
Tax Reform Proposals
Value-Added Tax (VAT)
Who Doesn't Pay Federal Taxes?
Working Families

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tax topics
 
Compromise Agreement on Taxes

The Tax Policy Center has analyzed the tax plan agreed upon by President Obama and the Congressional Republicans and produced various tables showing the plan’s distributional effects, comparing the proposed payroll tax cut with the Making Work Pay tax credit, and evaluating the effects of alternative changes in the estate tax. TPC has also summarized the Joint Committee on Taxation’s revenue estimates for the plan.

A brief outline of the plan can be found here.

Older TPC estimates can be found here.

Distributional Effects of the Compromise Agreement

Measured against a Current Law baseline
By Cash Income Level
By Cash Income Percentile
Measured against a Current Policy baseline
By Cash Income Level
By Cash Income Percentile


Comparison of Making Work Pay tax credit and Social Security Tax Cut
Measured against a Current Policy baseline
By Cash Income Level
By Cash Income Percentile


Comparison of 2010 and 2011 Tax Laws
Measured against 2010 Law Under the Act, Evaluated at 2011 Income Levels
By Cash Income Level
By Cash Income Percentile


Estate Tax

Taxable Estates, Estate Tax Liability, and Average Estate Tax Rate




JCT Revenue Estimates