Tax Policy Center

Model Estimates

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T12-0389 - Limit Itemized Deductions Except Charitable Contributions, Tax-Exempt Health Insurance Premiums, and Tax-Exempt Bond Interest to 28 Percent Baseline: Current Policy Effective Marginal Individual Income Tax Rates (EMTR) On Capital Income and Wage and Salar

Effective marginal individual income tax rates from limiting the benefit of itemized deductions except charitable contributions, tax-exempt health insurance premiums and tax-exempt bond interest to 28 percent in 2013, against current policy baseline, by cash income percentile

December 16, 2012