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T12-0404 - Reduce Excludable Amount of Employer-Sponsored Health Insurance Premiums, Municipal Bond Interest, and Allowable Amount of Itemized Deductions Other Than Charitable Contributions by 20 Percent; Effective Marginal Tax Rates; By Cash Income Level, 2013

Distribution of effective marginal individual income tax rates on capital income and wage and salaries from providing an across-the-board reduction of 20 percent in the allowable amount of itemized deductions other than charitable contributions and including 20 percent of employer-sponsored health insurance premiums and 20 percent of municipal bond interest in gross income, by cash income level, 2013.

December 16, 2012