The following distributional tables have been produced by the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Foundation’s Fiscal Incidence Microsimulation Model for the FY 2010 Federal Tax and Spending Policies as Outlined in Obama’s 2010 Budget. Click on a bold link within the table below to view the chosen table in FlashPaper or Excel. Links that are not in bold are available in an Excel file with multiple tabs. Those with no link are not yet available.
The letter following the table number refers to the incidence assumption made concerning who bears the burden of the budget deficit. For example, Table 1a assumes that the deficit is financed by a combination of higher taxes and lower spending. Table 1b assumes that the entire deficit is equivalent to an increase in taxes today. Table 1c assumes that the entire deficit is equivalent to a decrease in spending today. Table 1d assumes that the entire deficit is borne by future generations. Table 1e assumes that half of the deficit is borne by future generations and the other half by increased taxes and lower spending today. And Table 1f presents the results excluding payroll taxes and Medicare and Social Security spending.
Baseline: Obama/Orszag OMB Baseline (“Realistic” baseline created by Obama’s OMB)
Policy: Obama Proposed Budget for FY 2010
Married Non-Elderly Families
Single Non-Elderly Families
Head of Household Non-Elderly Families
Public Goods Allocated Per Person Instead of Income Elasticity = 1
Corporate Income Taxes All Borne by Capital Instead of 70/30 Labor/Capital
Table 13e Table 13f