On August 24, the Tax Policy Center submitted initial estimates of the distribution of individual income tax, corporate income taxes, payroll taxes, estate taxes, and overall federal taxes under three scenarios. The estimates are all for the year 2012 under the following three scenarios: under current law, the Obama Administration's baseline, and President Obama's budget.
See Tax Policy Center: "Effective Federal Tax Rates Under Current Law, by Cash Income Percentile, 2012," August 24, 2009
See Also Tax Policy Center: "Effective Federal Tax Rates Under Administration's Baseline, by Cash Income Percentile, 2012," August 24, 2009
See Also Tax Policy Center: "Effective Federal Tax Rates Under President Obama's Budget, by Cash Income Percentile, 2012," August 24, 2009
Posted By Raj Chudgar, Associate Editor, Wealth Strategies Journal
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Tim Pawlenty of Minnesota, a candidate for the Republican presidential nomination, has proposed reducing the top statutory income tax rate on individuals to 25 percent and abolishing the taxation of interest, dividends and capital gains. The Tax Policy Center estimates that this plan would reduce federal revenues by $8 trillion over the next decade.Mayfair Escorts
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