Progressive revenue options: Estimated revenue raised by each option, 2019--2029 (in billions of dollars)

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2020–2029
GDP 21,141 22,059 22,899 23,756 24,660 25,621 26,629 27,640 28,709 29,837 31,039 262,849
Individual income taxes
Fairer income rates and brackets1 0 253 352 370 390 412 434 172 88 92 97 2,659
Surtax on annual income of the rich2 23 52 54 58 62 67 71 76 82 87 634
Mark-to-market taxation of capital income1 0 -23 31 93 142 187 228 251 281 313 344 1,846
Taxing income equally1 0 926 1,297 1,350 1,417 1,492 1,570 1,710 1,805 1,891 1,982 15,439
Reforming existing capital gains taxes2 0 154 214 222 230 239 248 258 268 278 289 2,400
Repealing 20% deduction for certain business income2 0 25 34 36 37 39 40 42 43 45 47 387
Expanding the EITC to all working adults1 0 -3 -4 -4 -4 -4 -5 -5 -5 -5 -5 -43
Closing wealth loopholes to strengthen Medicare1 0 10 17 18 19 20 22 23 25 27 29 209
Social insurance taxes
Shielding Social Security from inequality1 0 77 106 110 113 118 123 126 131 135 139 1,178
Closing business payroll tax loopholes1 0 7 13 15 16 18 19 19 20 21 22 170
Corporate income taxes
Restoring responsible corporate tax rates1 0 61 106 115 128 143 155 167 174 181 188 1,418
Ending offshore outsourcing1 0 68 66 64 62 63 63 60 57 58 59 619
Closing corporate tax loopholes1 0 21 47 45 39 42 45 49 52 56 60 456
Estate and gift and wealth taxes
Taxing inherited wealth fairly and closing estate tax loopholes1 0 7 52 60 69 78 84 87 79 84 89 689
Replacing estate and gift taxes with an inheritance tax2 0 43 60 62 64 67 69 72 75 78 81 670
Taxing richest’s wealth holdings1 0 89 121 126 130 136 141 146 152 158 164 1,363
Excise and other taxes
Carbon tax and dividend to fight climate change3 0 0 0 0 0 0 0 0 0 0 0 0
Wall street speculation tax1 -77 -50 68 122 129 130 132 133 134 136 137 1,072
Taxing too-big-to-fail banks1 0 10 10 10 10 10 10 10 10 10 9 99

Notes: Numbers represent net effects of a policy, which may include some spending changes. Where only 10-year scores were provided, annual estimates are made by holding revenues constant as a share of GDP. Numbers may not add due to rounding. 1 Tax Policy Center scoring of EPI’s Budget for Shared Prosperity. 2 Estimates from Americans for Tax Fairness reports. 3 Carbon tax and dividend are revenue-neutral by design and thus are not scored.

Sources: Tax Policy Center estimates; Americans for Tax Fairness, Fair Taxes Now: Revenue Options for a Fair Tax System (April 2019); Americans for Tax Fairness, Tax Policy Center Revenue Estimates for 10% Surtax (October 2019)

View the underlying data on epi.org.