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Distribution of the tax benefits of retirement savings incentives measured using a cash flow approach that compares current law with a proposal that would (a) repeal the tax deferral of contributions to retirement accounts, accruals in IRAs, Keogh, and both defined contribution and defined benefit retirement plans; (b) repeal the saver's credit; (c) repeal exemption of income accrued within accounts; and (d) repeal tax on withdrawals from accounts as well as the early withdrawal penalty. Baseline federal tax burden differs from standard TPC tables in that tax incentives for retirement are treated on a cash flow rather than present value basis. Table shows the impact by income percentile under current law in 2016.
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T16-0159 - Tax Benefit of the Exclusion of Employer-Sponsored Health Benefits and Deduction for Self-Employed Health Insurance Premiums by Expanded Cash Income Percentile, 2016
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T16-0169 - Repeal 3.8 Percent Surtax on Net Investment Income by Expanded Cash Income Percentile, 2016
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