Distribution Tables by Dollar Income Class
Options to Replace Mortgage Interest Deduction with Tax Credit
Revenue and distribution effects from several options to replace the current mortgage interest deduction with a non-refundable credit
Table T12-0150 is related to the following tables:
T11-0271 - Options to Replace Mortgage Interest Deduction (MID) with Tax Credit Impact on Individual Income Tax Revenue (billions of current dollars), 2012-21 (August 18, 2011)
Impact on individual income tax revenue from replacing mortgage interest deduction with tax credit, 2012-2021
T11-0272 - Option 1: Immediate Full Enactment Baseline: Current Law Distribution of Federal Tax Change by Cash Income Level, 2015 (August 18, 2011)
Distribution of federal tax change from immediate enactment of the proposal in 2015, compared with current law, by cash income level.
T11-0273 - Option 1: Immediate Full Enactment Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Level, 2015 (August 18, 2011)
Distribution of federal tax change from immediate enactment of the proposal in 2015, compared with current policy, by cash income level.
T11-0274 - Option 1: Immediate Full Enactment Baseline: Current Law Distribution of Federal Tax Change by Cash Income Percentile, 2015 (August 18, 2011)
Distribution of federal tax change from immediate enactment of the proposal in 2015, compared with current law, by cash income percentile.
T11-0275 - Option 1: Immediate Full Enactment Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Percentile, 2015 (August 18, 2011)
Distribution of federal tax change from immediate enactment of the proposal in 2015, compared with current policy, by cash income percentile.
T11-0276 - Option 2: Phase Down Deduction Over 5 Years, Immediate $500,000 Mortgage Cap Baseline: Current Law Distribution of Federal Tax Change by Cash Income Level, 2015 (August 18, 2011)
Distribution of federal tax change from immediate enactment of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current law, by cash income level.
T11-0277 - Option 2: Phase Down Deduction Over 5 Years, Immediate $500,000 Mortgage Cap Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Level, 2015 (August 18, 2011)
Distribution of federal tax change from immediate enactment of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current policy, by cash income level.
T11-0278 - Option 2: Phase Down Deduction Over 5 Years, Immediate $500,000 Mortgage Cap Baseline: Current Law Distribution of Federal Tax Change by Cash Income Percentile, 2015 (August 18, 2011)
Distribution of federal tax change from immediate enactment of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current law, by cash income percentile.
T11-0279 - Option 2: Phase Down Deduction Over 5 Years, Immediate $500,000 Mortgage Cap Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Percentile, 2015 (August 18, 2011)
Distribution of federal tax change from immediate enactment of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current policy, by cash income percentile.
T11-0280 - Option 3: Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Baseline: Current Law Distribution of Federal Tax Change by Cash Income Level, 2015 (August 18, 2011)
Distribution of federal tax change from phase-in of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current law, by cash income level.
T11-0281 - Option 3: Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Level, 2015 (August 18, 2011)
Distribution of federal tax change from phase-in of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current policy, by cash income level.
T11-0282 - Option 3: Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Baseline: Current Law Distribution of Federal Tax Change by Cash Income Percentile, 2015 (August 18, 2011)
Distribution of federal tax change from phase-in of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current law, by cash income percentile.
T11-0283 - Option 3: Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Percentile, 2015 (August 18, 2011)
Distribution of federal tax change from phase-in of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current policy, by cash income percentile.
T11-0284 - Option 4: Phase Down Deduction Over 10 Years, Immediate $500,000 Mortgage Cap Baseline: Current Law Distribution of Federal Tax Change by Cash Income Level, 2015 (August 18, 2011)
Distribution of federal tax change from immediate enactment of the $500,000 mortgage cap and phasedown of deduction over 10 years in 2015, compared with current law, by cash income level.
T11-0285 - Option 4: Phase Down Deduction Over 10 Years, Immediate $500,000 Mortgage Cap Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Level, 2015 (August 18, 2011)
Distribution of federal tax change from immediate enactment of the $500,000 mortgage cap and phasedown of deduction over 10 years in 2015, compared with current policy, by cash income level.
T11-0286 - Option 4: Phase Down Deduction Over 10 Years, Immediate $500,000 Mortgage Cap Baseline: Current Law Distribution of Federal Tax Change by Cash Income Percentile, 2015 (August 18, 2011)
Distribution of federal tax change from immediate enactment of the $500,000 mortgage cap and phasedown of deduction over 10 years in 2015, compared with current law, by cash income percentile.
T11-0287 - Option 4: Phase Down Deduction Over 10 Years, Immediate $500,000 Mortgage Cap Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Percentile, 2015 (August 18, 2011)
Distribution of federal tax change from immediate enactment of the $500,000 mortgage cap and phasedown of deduction over 10 years in 2015, compared with current policy, by cash income percentile.
T11-0288 - Option 5: Phase Down Deduction Over 10 Years, Phase in Mortgage Cap Over 10 Years Baseline: Current Law Distribution of Federal Tax Change by Cash Income Level, 2015 (August 18, 2011)
Distribution of federal tax change from phase-in of the $500,000 mortgage cap and phasedown of deduction over 10 years in 2015, compared with current law, by cash income level.
T11-0289 - Option 5: Phase Down Deduction Over 10 Years, Phase in Mortgage Cap Over 10 Years Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Level, 2015 (August 18, 2011)
Distribution of federal tax change from phase-in of the $500,000 mortgage cap and phasedown of deduction over 10 years in 2015, compared with current policy, by cash income level.
T11-0290 - Option 5: Phase Down Deduction Over 10 Years, Phase in Mortgage Cap Over 10 Years Baseline: Current Law Distribution of Federal Tax Change by Cash Income Percentile, 2015 (August 18, 2011)
Distribution of federal tax change from phase-in of the $500,000 mortgage cap and phasedown of deduction over 10 years in 2015, compared with current law, by cash income percentile.
T11-0291 - Option 5: Phase Down Deduction Over 10 Years, Phase in Mortgage Cap Over 10 Years Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Percentile, 2015 (August 18, 2011)
Distribution of federal tax change from phase-in of the $500,000 mortgage cap and phasedown of deduction over 10 years in 2015, compared with current policy, by cash income percentile.
T11-0292 - Option 1: Immediate Full Enactment Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Law (August 18, 2011)
Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 1: immediate full enactment, against current law in 2015
T11-0293 - Option 1: Immediate Full Enactment Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Policy (August 18, 2011)
Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 1: immediate full enactment, against current policy in 2015
T11-0294 - Option 2: Phase Down Deduction Over 5 Years, Immediate $500,000 Mortgage Cap Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Law (August 18, 2011)
Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 2: phase down deduction over 5 years, against current law in 2015
T11-0295 - Option 2: Phase Down Deduction Over 5 Years, Immediate $500,000 Mortgage Cap Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Policy (August 18, 2011)
Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 2: phase down deduction over 5 years, against current policy in 2015
T11-0296 - Option 3: Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Law (August 18, 2011)
Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 3: Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years, against current law in 2015
T11-0297 - Option 3: Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Policy (August 18, 2011)
Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 3: Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years, against current policy in 2015
T11-0298 - Option 4: Phase Down Deduction Over 10 Year, Immediate $500,000 Mortgage Cap Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Law (August 18, 2011)
Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 4: Phase Down Deduction Over 10 Year, Immediate $500,000 Mortgage Cap, against current law in 2015
T11-0299 - Option 4: Phase Down Deduction Over 10 Year, Immediate $500,000 Mortgage Cap Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Policy (August 18, 2011)
Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 4: Phase Down Deduction Over 10 Year, Immediate $500,000 Mortgage Cap, against current policy in 2015
T11-0300 - Option 5: Phase Down Deduction Over 10 Years, Phase In Mortgage Cap Over 10 Years Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Law (August 18, 2011)
Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 5: Phase Down Deduction Over 10 Years, Phase In Mortgage Cap Over 10 Years, against current law in 2015
T11-0301 - Option 5: Phase Down Deduction Over 10 Years, Phase In Mortgage Cap Over 10 Years Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Policy (August 18, 2011)
Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 5: Phase Down Deduction Over 10 Years, Phase In Mortgage Cap Over 10 Years, against current policy in 2015
T12-0146 - 20% Non-refundable Credit, Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Baseline: Current Law Distribution of Federal Tax Change by Cash Income Level, 2015 (June 4, 2012)
Distribution of federal tax change from introducing a 20% non-refundable credit, phase-in of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current law, by cash income level.
T12-0147 - 20% Non-refundable Credit, Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Baseline: Current Law Distribution of Federal Tax Change by Cash Income Percentile, 2015 (June 4, 2012)
Distribution of federal tax change from introducing a 20% non-refundable credit, phase-in of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current law, by cash income percentile.
T12-0148 - 20% Non-refundable Credit, Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Level, 2015 (June 4, 2012)
Distribution of federal tax change from introducing a 20% non-refundable credit, phase-in of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current policy, by cash income level.
T12-0149 - 20% Non-refundable Credit, Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Percentile, 2015 (June 4, 2012)
Distribution of federal tax change from introducing a 20% non-refundable credit, phase-in of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current policy, by cash income percentile.
T12-0150 - Options to Replace Mortgage Interest Deduction (MID) with Tax Credit Impact on Individual Income Tax Revenue (billions of current dollars), 2012-21 (June 4, 2012)
Impact on individual income tax revenue from replacing mortgage interest deduction with tax credit