TPC Tax Topics | Options to limit itemized deductions

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Options to Repeal or Limit Itemized Deductions

Repeal All Itemized Deductions, 2015
Current Law		Current Policy		Current Policy with 20% Rate Reduction and No AMT
Cash Income Level	Cash Income Percentile	Cash Income Level	Cash Income Percentile	Cash Income Level	Cash Income Percentile
Cap Itemized Deductions at $17,000, 2015
Current Law		Current Policy		Current Policy with 20% Rate Reduction and No AMT
Cash Income Level	Cash Income Percentile	Cash Income Level	Cash Income Percentile	Cash Income Level	Cash Income Percentile
Cap Itemized Deductions at $25,000, 2015
Current Law		Current Policy		Current Policy with 20% Rate Reduction and No AMT
Cash Income Level	Cash Income Percentile	Cash Income Level	Cash Income Percentile	Cash Income Level	Cash Income Percentile
Cap Itemized Deductions at $50,000, 2015
Current Law		Current Policy		Current Policy with 20% Rate Reduction and No AMT
Cash Income Level	Cash Income Percentile	Cash Income Level	Cash Income Percentile	Cash Income Level	Cash Income Percentile
Impact on Tax Revenue
2013-2022

Cap Itemized Deductions Other Than Charitable Contributions at $25,000, 2015
Current Law		Current Policy
Cash Income Level	Cash Income Percentile	Cash Income Level	Cash Income Percentile
Cap Itemized Deductions Other Than Charitable Contributions at $50,000, 2015
Current Law		Current Policy
Cash Income Level	Cash Income Percentile	Cash Income Level	Cash Income Percentile
Impact on Tax Revenue
2013-2022