Tax Policy Center

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T06-0324 - Finance Repeal of Personal Exemption Phaseout (PEP) and Limitation on Itemized Deductions (Pease) By Increasing Top Marginal Rates to 34.7 and 36.8 Percent, Baseline Assumes An AMT Fix, Distribution of Federal Tax Change by Cash Income Percentile, 2010

2010 Distribution of federal tax change by cash income percentile if the personal exemption phase-out and limitation on itemized deductions are permanently repealed and the revenue loss is financed by a proportional increase in the top two marginal rates against a baseline with no repeal and extension and indexation of current AMT relief

December 7, 2006