Image:
Alternative Minimum Tax Patch
Image:
Bush Tax Cuts
Image:
Estate Taxes
Image:
Payroll Tax Cut
Image:
Limits on Itemized Deductions
Image:
Personal Exemption Phaseout
Image:
Capital Gains and Dividends
Image:
Tax Breaks for Individuals
Image:
Tax Breaks for Businesses
Image:
Charitable Deductions
Image:
Energy Tax Credits
Image:
Community Develoipment
Image:
Disaster Relief Provisions
Image:
Budget Costs
If the Bush tax cuts are extended, the Congressional Budget Office estimated that extending various provisions through 2022, except for the payroll tax cut, which CBO assumes expires as scheduled at the end of 2012, would reduce revenues by $5.4 trillion between 2013 and 2022. Specifically, over this 10-year budgetary window extending the Bush tax cuts and extending the AMT patch would reduce revenues by $4.6 trillion, while extending the tax extenders would reduce revenues by $839 billion. The cost of extending the payroll tax cut for one year (2012) was estimated to be $114 billion over the 2012-2022 budgetary window.
Image: