February 25, 2004

The Impending Tax Increases

Unless Congress takes action, the following tax increases* will automatically occur:

In 2005:

In 2006:

In 2009:

In 2011:

*This list is not exhaustive.

NOTE: The items above that appear twice do so because of phase-ins or phase-outs in the law in between the two appearances. For example, the standard deduction for couples decreases from 200% of singles to 174% in 2005. It then gradually rises back up to 200% by 2010 and then decreases to 167% in 2011.

Special thanks to Americans for Tax Reform.

RSC staff contact: Paul S. Teller, paul.teller@mail.house.gov, (202) 226-9718