REV-11 TAX NONRETIREMENT FRINGE BENEFITS

                                Annual Added Revenues
                                (Billions of dollars)             Cumulative
Addition to          -----------------------------------------    Five-Year
CBO Baseline         1994     1995      1996     1997     1998     Addition
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Tax Some Health
Insurance Premiums                  (See REV-16)

Tax Life Insurance
Premiums
   Income tax          1.8      2.6       2.7      2.9      3.0       12.9

   Payroll taxa        0.9      1.2       1.2      1.3      1.3        5.9

Impose a 3 Percent
Excise Tax on the
Value of Nonretire-
ment Fringe Benefitsa  4.2      6.4       7.0      7.7      8.4       33.7
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SOURCE:  Joint Committee on Taxation.

a.  Estimates are net of reduced income tax revenues.

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