T07-0332 - Major Individual Income and Estate Tax Components of Former Sen. Fred Thompson's Tax Plan, Static Impact on Individual Income and Estate Tax Liability and Revenue ($ billions), 2009-18

2009-18 Static impact on individual income and estate tax liability and revenue for the major individual income and estate tax components of former Senator Fred Thompson's tax plan. Provisions extend the 2001-2006 tax cuts; repeal the individual alternative minimum tax (AMT); and allow taxpayers a choice between the current tax system and an alternative tax system with no itemized deductions or credits but larger standard deductions and personal exemptions and lower rates.