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Text File  |  1993-02-17  |  2KB  |  46 lines
  1. REV-01 RAISE MARGINAL TAX RATES FOR INDIVIDUALS AND CORPORATIONS
  2.  
  3.                                 Annual Added Revenues
  4.                                 (Billions of dollars)             Cumulative
  5. Addition to          -----------------------------------------    Five-Year
  6. CBO Baseline         1994     1995      1996     1997     1998     Addition
  7. ---------------------------------------------------------------------------
  8.  
  9.                                   Individuals
  10.  
  11. Raise Marginal Tax
  12. Rates to 16 Percent,
  13. 30 Percent, and
  14. 33 Percent            20.4     34.9      36.8     38.6     40.2      170.8
  15.  
  16. Add a 5 Percent
  17. Surtax                16.2     27.9      29.5     31.1     32.5      137.2
  18.  
  19. Raise the Top
  20. Marginal Tax Rates
  21. to 30 Percent
  22. and 33 Percent         9.8     16.7      17.6     18.5     19.3       82.0
  23.  
  24. Raise the Top
  25. Marginal Tax Rate
  26. to 33 Percent          3.9      6.5       6.7      6.9      7.1       31.1
  27.  
  28. Raise the Top
  29. Marginal Tax Rate
  30. to 33 Percent and Add
  31. a 38 Percent Bracket   9.2     15.6      15.9     16.2     16.5       73.4
  32.  
  33.                                  Corporations
  34.  
  35. Raise the Top
  36. Marginal Tax Rate
  37. to 35 Percent          1.8      3.1       3.2      3.2      3.2      14.5
  38.  
  39. Add a 5 Percent
  40. Surtax                 3.6      6.0       6.4      6.7      6.9      29.6
  41.  --------------------------------------------------------------------------
  42.  
  43. SOURCE:  Joint Committee on Taxation.
  44.  
  45. ---------------------------------------------------------------------------
  46.