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Tax Topics

2009 Tax Stimulus
2012 Election Tax Plans
2015 Budget
Alternative Minimum Tax (AMT)
American Jobs Act of 2011
Brief Description of the Model 2015
Camp Tax Reform Plan
Current-Law Distribution of Taxes
Deficit Reduction Proposals
Distribution of the 2001 - 2008 Tax Cuts
Dynamic Scoring
Earned Income Tax Credit
Economic Stimulus
Education Tax Incentives
Estate and Gift Taxes
Expiration of the Bush Tax Cuts
Explanation of Income Measures 2013
Federal Budget
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Guide to TPC Tables
Health Insurance Tax Incentives
How to Interpret Distribution Tables 2013
Marriage Penalties
Model FAQ 2013
Model Related Resources and FAQs
Payroll Taxes
Presidential Transition - 2009
Recent Tax Stimulus Legislation
Retirement Saving
Tax Encyclopedia Index
Tax Expenditures
Tax Reform Proposals
TPC’s Methodology for “Off-Model” Revenue Estimates
Value-Added Tax (VAT)
Who Doesn't Pay Federal Taxes?
Working Families

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tax topics
Expiration of the Bush Tax Cuts

Most of the tax cuts enacted in the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRAA) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRAA) will expire at the end of 2010 unless Congress acts to extend them. If the cuts do expire as scheduled, nearly three-quarters of Americans will pay more tax in 2011 and subsequent years.

Observers expect that Congress will extend many of the cuts for most taxpayers but it’s uncertain which provisions would continue for whom. President Obama has proposed letting the tax cuts expire only for high-income taxpayers—couples with income above $250,000 and others with income over $200,000. Some members of Congress want to make all of the tax cuts permanent. Others would extend them all but only temporarily until the economy fully recovers from recession. And still others would let all of them expire as scheduled.

Ths situation raises a number of questions.  Follow the links below to learn the answers.


Tax brackets, standard deduction, and personal exemptions under alternative policies
Separate Rate Tables for Each Policy
Comparison of Rates for Three Policies