Report by the Tax Policy Center: "The Distribution of Federal Taxes, 2009-2012"

The Tax Policy Center has issued an August report in conjunction with the Urban Institute and the Brookings Institute stating that the federal tax distribution will undoubtedly change from 2009 to 2012 for a variety of reasons, including the expiration of the Bush tax cuts from 2001 and 2003, the phased-in repeal of the estate tax in 2010, the patching of the Alternative Minimum Tax (AMT), and limitations on itemized deductions and personal exemptions. Given these potential realities, the Tax Policy Center has examined the federal tax distribution for 2009 to 2012 under three scenarios: under current law and with the eventual expiration of the Bush tax cuts, under the administration's baseline, and under the tax proposals proposed by the Obama administration in its budget for 2010 fiscal year.