Tax Policy Center

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T10-0200 - Current Law to Administration's Proposal; Repeal PEP and Pease for Incomes Below $250,000/$200,000; Baseline: Expanded Current Law; Distribution by Cash Income Percentile, 2012

This is a distribution table by income quintiles which shows the effect of repealing the limitations on Pease and PEP for all taxpayers barring those in the high-income category, indexed for inflation after 2009.The baseline is current law with an AMT patch, extension of the 10, 25, and 28 percent tax rates, marriage penalty relief, child tax credit, child and dependent care credit, student loan interest deduction; and 0%/15% rate on capital gains and qualified dividends except for taxpayers in the top two brackets.

August 11, 2010