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T09-0148 - Administration's FY2010 Budget Proposals Repeal Individual Income Tax Cuts for High Income Taxpayers Baseline: Current Law Distribution of Federal Tax Change by Cash Income Percentile, 2012

2012 Distribution tables by cash income percentile of components of the administration?s budget proposal which would repeal individual income tax cuts for high income taxpayers. This includes reinstating the 36 percent and 39.6 percent rates; reinstating the personal exemption phaseout and limitation on itemized deductions for those taxpayers with AGI over $250,000 (married) and $200,000 (single); and imposing a 20 percent rate on capital gains and dividends for those taxpayers with AGI over $250,000 (married) and $200,000 (single). Run against a current law baseline.

March 11, 2009