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Choosing the Nation’s Fiscal Future
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 Tax a
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 Tax a
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
