Estimated Revenue from Selected Tax Changes (billions of dollars)
|
FY 2014 |
FY 2015 |
10 Years |
|
|---|---|---|---|
| Repeal LIFO |
$13.0 |
$25.0 |
$112.0 |
| Carried Interest |
$1.2 |
$1.5 |
$17.4 |
| Capital Gains/Dividends |
$1.2 |
$4.6 |
$53.4 |
| Itemized Deductions |
$6.0 |
$12.0 |
$136.0 |
| Life Insurance |
$13.0 |
$24.0 |
$210.0 |
| Maximum Taxable Earnings |
$8.0 |
$40.0 |
$470.0 |
| Total |
$42.4 |
$107.1 |
$998.8 |
Source: Author's analysis of Congressional Budget Office data