Tax Policy Center

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T11-0088 - Reduce Corporate Tax Rate; Repeal Various Income and Payroll Tax Provisions: Impact on Tax Revenue; Baseline: Current Policy; 2012-21

This table estimates the reduction in federal tax revenue over the period 2012-2021, which would result from reducing the maximum individual and corporate income tax rates to 25 percent. Consistent with this goal, the estimates also assume the repeal of the alternative minimum tax and of the 0.9 percent HI surtax and the 3.8 percent tax on investment income, enacted in the 2010 Healthcare Act.
Note: This table does not estimate the revenue effects of the entire budget plan proposed by Rep. Paul Ryan (R-WI).

April 6, 2011