Distributional Effects of the Expiration of the Tax Cuts: From Current Law to the President's Proposal to Current Policy, 2012.

This is a distribution table by income quintiles which show the effects of a proposal extending the 2009 AMT exemption and indexing for inflation the exemption, AMT tax bracket threshold, and AMT exemption phaseout threshold for inflation.

This is a distribution table by income quintiles which show the effects of a proposal which extends the 10, 25, and 28 percent statutory individual income rates and adjusts the endpoints of the high-income brackets, indexed for inflation. This is relative to a baseline which is current law with an AMT patch.

This is a distribution table by income quintiles which show the effects of a proposal raising the endpoint of the 15-percent bracket and the size of the standard deduction for married couples, indexed for inflation after 2008. This is relative to a baseline which is current law with an AMT patch and an extension of the 10, 25, and 28 percent tax rates.

This is a distribution table by income quintiles which show the effects of a proposal extending the EGTRRA increases in the child tax credit, the child and dependent care tax credit and the student loan interest deduction relative to a baseline which is current law plus an AMT patch, extension of the 10, 25, and 28 percent tax rates and extension of marriage penalty relief.

This is a distribution table by income quintiles which show the effects of a proposal which extends the 15 percent rate on capital gains and qualified dividends, retains the 20% rate for the top two brackets and repeals the 8 and 18 percent rate for gains on assets held for five or more years. The baseline is current law with an AMT patch, extension of the 10, 25, and 28 percent tax rates, marriage penalty relief, child tax credit, child and dependent care credit, and student loan interest deduction.

This is a distribution table by income quintiles which shows the effect of repealing the limitations on Pease and PEP for all taxpayers barring those in the high-income category, indexed for inflation after 2009.The baseline is current law with an AMT patch, extension of the 10, 25, and 28 percent tax rates, marriage penalty relief, child tax credit, child and dependent care credit, student loan interest deduction; and 0%/15% rate on capital gains and qualified dividends except for taxpayers in the top two brackets.

This is a distribution table by income quintiles which shows the effects of extending the 2009 estate tax law relative to a baseline which is current law with an AMT patch; extension of the 10, 25, and 28 percent tax rates, marriage penalty relief, child tax credit, child and dependent care credit, student loan interest deduction, 0%/15% rate on capital gains and qualified dividends except for taxpayers in the top two brackets and repeal of Pease and PEP for the non high-income taxpayers.

This is a distribution table by income quintiles which show the effects of a proposal extending the 2009 estate tax law and all the individual income tax provisions in the 2001 and 2003 tax cuts other than the high-income provisions against a current law baseline. The proposal retains a 20 percent rate on qualified dividends and capital gains for taxpayers and Pease and PEP for high-income taxpayers, indexed for inflation after 2009. The top statutory tax rate is retained at 39.6 percent along with the 36 percent tax rate, with adjusted thresholds which are also indexed for inflation.

This is a distribution table by income quintiles which shows the effects of a proposal where the 15% tax rate is extended to the tax payers in the top two income tax brackets, relative to a current law baseline where the 2009 estate tax law and all the 2001-03 individual income tax cuts, barring the high-income provisions are extended. The baseline and proposal both adjust the threshold of the 36 percent bracket in addition to indexing it for inflation after 2009.

This is a distribution table by income quintiles which shows the effect of extending the repeal of Pease and PEP to high-income tax payers, indexed for inflation. This is relative to a baseline which extends the lower rate on dividends and capital gains to the top 2 tax brackets and limits Pease and PEP.

This is a distribution table by income quintiles which shows the effect of reducing the top two rates from 36 and 39.6 percent to 33 and 35 percent along with a reduced threshold for the 36-percent bracket.