Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of three individual income tax credit provisions proposed by Vice President Harris. The provisions would modify the child tax credit (CTC) and the earned income tax credit (EITC) and create a new fully refundable tax credit for first-time homebuyers. For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the impact on federal tax revenue for fiscal years 2025-34 of three individual income tax credit provisions proposed by Vice President Harris. The provisions would modify the child tax credit (CTC) and the earned income tax credit (EITC) and create a new fully refundable tax credit for first-time homebuyers.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of repealing the $10,000 limit on deductible state and local taxes (SALT). For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2025, of repealing the $10,000 limit on deductible state and local taxes (SALT). For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the change in revenue and in the distribution of federal taxes, by expanded cash income percentile in 2025, of several options to exclude reported tips from federal taxes. For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2025, of an option to exclude reported tips from individual income tax. For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of an option to exclude reported tips from individual income tax. For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2025, of an option to exclude reported tips from individual income and payroll taxes. For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of an option to exclude reported tips from individual income and payroll taxes. For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
