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Text File  |  1993-02-17  |  1KB  |  30 lines
  1. REV-13 INCREASE TAXATION OF SOCIAL SECURITY AND RAILROAD RETIREMENT
  2.        BENEFITS
  3.  
  4.                                 Annual Added Revenues
  5.                                 (Billions of dollars)             Cumulative
  6. Addition to          -----------------------------------------    Five-Year
  7. CBO Baseline         1994     1995      1996     1997     1998     Addition
  8. ---------------------------------------------------------------------------
  9.  
  10.                      Retain the Current Income Thresholds
  11.  
  12. Increase the Fraction of
  13. Benefits Included in
  14. Adjusted Gross Income
  15. to Tax up to 85
  16. Percent of Benefits  2.8     6.0      6.8      7.5      8.3     31.5
  17.  
  18.                         Eliminate the Income Thresholds
  19.  
  20. Tax 50 Percent
  21. of Benefits         3.9      9.8      9.9     10.0     10.0     43.6
  22.  
  23. Tax 85 Percent
  24. of Benefits        10.6     24.1     25.0     25.9     26.9    112.5
  25.  --------------------------------------------------------------------------
  26.  
  27. SOURCE:  Joint Committee on Taxation.
  28.  
  29. ---------------------------------------------------------------------------
  30.