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Eyes Wide Open: The Implications and Opportunities of the Current Tax Reform Debate
The Honorable Sander Levin
1 Prepared by the Committee on Ways & Means Democratic Staff
Distributional Analyses of Selected Tax Expenditures
June 2011 Slides are based on data provided by
the Joint Committee on Taxation
2 Prepared by the Committee on Ways & Means Democratic Staff
Employer Provided Health Benefits and Deduction for Self-Employed Health
(2011 rates and income levels; income tax only)
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Below $100,000 $100,000 to $200,000 $200,000 and over
46%
35%
19%
3 Prepared by the Committee on Ways & Means Democratic Staff
Mortgage Interest Deduction (2009 rates and income levels)
4
0%
5%
10%
15%
20%
25%
30%
35%
40%
Below $100,000 $100,000 to $200,000 $200,000 and over
31%
39%
30%
Prepared by the Committee on Ways & Means Democratic Staff
State and Local Income, Sales, and Personal Property Tax Deductions
(2009 rates and income levels)
5
0%
10%
20%
30%
40%
50%
60%
Below $100,000 $100,000 to $200,000 $200,000 and over
19%
31%
50%
Prepared by the Committee on Ways & Means Democratic Staff
Charitable Contributions Deduction (2009 rates and income levels)
6
0%
10%
20%
30%
40%
50%
60%
Below $100,000 $100,000 to $200,000 $200,000 and over
19% 26%
55%
Prepared by the Committee on Ways & Means Democratic Staff
Earned Income Credit (2009 rates and income levels)
7
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Below $100,000 $100,000 to $200,000 $200,000 and over
100%
0% 0%
Prepared by the Committee on Ways & Means Democratic Staff
Child Tax Credit (2009 rates and income levels)
8
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Below $100,000 $100,000 to $200,000 $200,000 and over
90%
10% 0%
Prepared by the Committee on Ways & Means Democratic Staff
Education Credits (2009 rates and income levels)
9
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Below $100,000 $100,000 to $200,000 $200,000 and over
81%
19%
0%
Prepared by the Committee on Ways & Means Democratic Staff
Long-Term Capital Gains (2011 rates and income levels)
10
0%
10%
20%
30%
40%
50%
60%
70%
80%
Below $100,000 $100,000 to $200,000 $200,000 to $500,000 $500,000 to $1,000,000 $1,000,000 and over
5% 7% 9% 8%
71%
Prepared by the Committee on Ways & Means Democratic Staff
Qualified Dividends (2011 rates and income levels)
11
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Below $100,000 $100,000 to $200,000 $200,000 to $500,000 $500,000 to $1,000,000 $1,000,000 and over
17% 18% 13%
10%
41%
Prepared by the Committee on Ways & Means Democratic Staff
Eyes Wide Open: The Implications and Opportunities of the Current Tax Reform Debate
The Honorable Sander Levin
12 Prepared by the Committee on Ways & Means Democratic Staff