Tax Policy Center

Model Estimates

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T07-0032 - Change Itemized Deduction to 15% Credit, Static Impact on Revenue ($ billions), 2009-13

2009-13 Static impact on tax liability and revenue of allowing taxpayers to choose between the standard deduction and a credit equal to 15 percent of itemized deductions, assuming the 2001-2006 tax cuts are extended

January 25, 2007