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CBO’s Use of the Income and Payroll Tax Offset in Its Budget Projections and Cost Estimates

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  • Congressional Budget Office

Abstract

Excise taxes and other types of “indirect†taxes reduce the revenues derived from individual and corporate income taxes and payroll taxes. When CBO and the Joint Committee on Taxation estimate the budgetary effects of changes in indirect taxes, they generally reduce the estimated change in indirect tax revenues by applying an income and payroll tax offset.

Suggested Citation

  • Congressional Budget Office, 2022. "CBO’s Use of the Income and Payroll Tax Offset in Its Budget Projections and Cost Estimates," Reports 58421, Congressional Budget Office.
    • Handle: RePEc:cbo:report:58421
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    File URL: https://www.cbo.gov/system/files/2022-10/58421-tax-offsets.pdf
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    More about this item

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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