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Description of CBO's Models and Methods for Projecting Federal Revenues [i] (May 2001)

handle is hein.congrec/cbo06836 and id is 1 raw text is: Description of CBO's Models and Methods for Projecting Federal Revenues May 2001 - A -FACE This Congressional Budget Office (CBO) paper describes the various methods that CBO uses to produce the 10-year projections of federal revenues that form part of its budget baseline. The paper discusses the models and methods used to project different types of revenues, such as those from individual and corporate income taxes, social insurance taxes, and excise taxes. Mark Booth of CBO's Tax Analysis Division wrote the paper under the direction of Thomas Woodward. Arlene Holen, Preston Miller, John Sturrock, David Weiner, and Roberton Williams of CBO provided helpful comments. Christian Spoor edited the manuscript, and Leah Mazade proofread it. Simone Thomas prepared the paper for publication, and Annette Kalicki prepared the electronic versions for CBO's Web site. Dan L. Crippen Director May 2001 -- -- ONTENTS INTRODUCTION REVENUES IN THE BUDGET BASELINE THE MACROECONOMIC PROJECTION INDIVIDUAL INCOME TAXES NOTES Unless otherwise indicated, the years referred to in this paper are fiscal years. Numbers in the text and tables may not add up to totals because of rounding.

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