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T10-0204 - Current Law to Administration's Proposal; Extend 2001-03 Tax Cuts Except High Income Provisions; Baseline: Administration's Proposal; Distribution by Cash Income Percentile, 2012

This is a distribution table by income quintiles which show the effects of a proposal extending the 2009 estate tax law and all the individual income tax provisions in the 2001 and 2003 tax cuts other than the high-income provisions against a current law baseline. The proposal retains a 20 percent rate on qualified dividends and capital gains for taxpayers and Pease and PEP for high-income taxpayers, indexed for inflation after 2009. The top statutory tax rate is retained at 39.6 percent along with the 36 percent tax rate, with adjusted thresholds which are also indexed for inflation.

August 11, 2010