Tax Policy Center

Model Estimates

Browse Model Estimates

T08-0016 - Tax Rebate of up to $600 ($1200 For Couples) Plus $300 Per Dependent, Phased Out for Upper Income Taxpayers and Limited by Earnings, Distribution of Federal Tax Change by Cash Income Percentile, 2007 Income Levels

Distribution of federal tax change by cash income percentile for a tax rebate of up to $600 ($1200 for couples) plus $300 per dependent, limited to 15 percent of earnings and phased out at a 5 percent rate above the thresholds used for the child tax credit against a baseline of 2008 current law plus extension and indexation of the 2007 AMT patch, at 2007 income levels.

January 20, 2008