Tax Policy Center

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T06-0321 - Finance Repeal of Personal Exemption Phaseout (PEP) and Limitation on Itemized Deductions (Pease) By Increasing Top Two Marginal Rates to 34.6 and 36.6 Percent, Baseline Assumes No AMT Fix, Distribution of Federal Tax Change by Cash Income Class, 2010

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change by cash income class if the personal exemption phase-out and limitation on itemized deductions are permanently repealed and the revenue loss is financed by a proportional increase in the top two marginal rates against a baseline with no repeal

December 7, 2006