TABLE E-1 Statutory Tax Rates Under the Current Tax Structure, as Percentages

Rate

2012

2020

2030

2040

2050

2060

2070

2080

(A) Low Spending and Revenues Scenario

Personal Income Taxa

Regular Tax

10

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

15

15.0

15.0

15.0

15.0

15.0

15.0

15.0

15.0

25

25.0

25.0

25.0

25.0

25.0

25.0

25.0

25.0

28

28.0

28.0

28.0

28.0

28.0

28.0

28.0

28.0

33

33.0

33.0

33.0

33.0

33.0

33.0

33.0

33.0

35

35.0

35.0

35.0

35.0

35.0

35.0

35.0

35.0

Capital Gains and Qualified Dividends

15

15.0

15.0

15.0

15.0

15.0

15.0

15.0

15.0

Alternative Minimum Tax

26

26.0

26.0

26.0

26.0

26.0

26.0

26.0

26.0

28

28.0

28.0

28.0

28.0

28.0

28.0

28.0

28.0

VAT (if added; there is no current U.S. VAT)

 

NA

NA

NA

NA

NA

NA

NA

NA

(B) Intermediate-1 Spending and Revenues Scenario

Personal Income Taxa

Regular Tax

10

11.6

12.7

12.4

11.6

10.6

10.3

10.5

10.4

15

17.4

19.1

18.6

17.4

15.9

15.4

15.7

15.7

25

29.1

31.8

31.0

29.0

26.5

25.7

26.1

26.1

28

32.5

35.6

34.7

32.5

29.7

28.8

29.3

29.2

33

38.4

42.0

40.9

38.3

35.0

34.0

34.5

34.5

35

40.7

44.5

43.4

40.6

37.2

36.0

36.6

36.6



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