4-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
Table T16-0067
Senator Sanders's Tax Proposals Excluding Carbon Tax Rebate
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Summary Table
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
12,331
21,402
23,605
17,155
14,004
28,403
18,884
32,894
12,505
1,413
980
185,081
Percent of
Total
6.7
11.6
12.8
9.3
7.6
15.4
10.2
17.8
6.8
0.8
0.5
100.0
Percent Change
in After-Tax
Income 3
-3.0
-3.9
-4.2
-5.6
-7.3
-9.1
-9.8
-10.3
-10.6
-15.1
-32.8
-13.0
Share of Total
Federal Tax
Change
0.1
0.7
1.3
1.7
2.3
7.5
7.4
20.9
15.3
5.6
37.0
100.0
Average
Federal Tax
Change ($)
199
713
1,260
2,298
3,691
6,104
9,053
14,614
28,081
90,966
865,951
12,416
Average Federal Tax Rate 4
Change (%
Points)
2.8
3.7
4.0
5.2
6.5
7.8
8.3
8.4
8.2
10.9
21.7
10.4
Under the
Proposal
10.3
7.6
9.2
12.5
17.1
21.4
24.0
26.9
30.6
38.7
55.4
30.7
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-4).
Number of AMT Taxpayers (millions). Baseline: 5
Proposal: 0
(1) Calendar year. Baseline is current law (including provisions in the Protecting Americans from Tax Hikes Act of 2015 and the Consolidated
Appropriations Act of 2016). Proposal includes individual, corporate, payroll, excise, and estate tax provisions in Senator Sanders's tax plan,
excluding the carbon tax rebate. For details, see TPC's "An Analysis of Senator Bernie Sanders's Tax Proposals."
For a description of current law, see
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are
excluded from their respective income class but are included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and
Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a
percentage of average expanded cash income.
4-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0067
Senator Sanders's Tax Proposals Excluding Carbon Tax Rebate
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Detail Table
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Percent
Change in
After-Tax
Income 3
-3.0
-3.9
-4.2
-5.6
-7.3
-9.1
-9.8
-10.3
-10.6
-15.1
-32.8
-13.0
Share of
Total
Federal Tax
Change
0.1
0.7
1.3
1.7
2.3
7.5
7.4
20.9
15.3
5.6
37.0
100.0
Average Federal Tax Change
Dollars
199
713
1,260
2,298
3,691
6,104
9,053
14,614
28,081
90,966
865,951
12,416
Percent
37.2
95.8
77.9
71.6
61.4
57.8
52.3
45.6
36.5
39.2
64.5
51.1
Share of Federal Taxes
Change (%
Points)
0.0
0.1
0.2
0.2
0.1
0.3
0.1
-0.9
-2.1
-0.6
2.6
0.0
Under the
Proposal
0.1
0.5
1.0
1.4
2.0
7.0
7.3
22.6
19.3
6.7
31.9
100.0
Average Federal Tax Rate 4
Change (%
Points)
2.8
3.7
4.0
5.2
6.5
7.8
8.3
8.4
8.2
10.9
21.7
10.4
Under the
Proposal
10.3
7.6
9.2
12.5
17.1
21.4
24.0
26.9
30.6
38.7
55.4
30.7
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2025 ¹
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
12,331
21,402
23,605
17,155
14,004
28,403
18,884
32,894
12,505
1,413
980
185,081
Percent of
Total
6.7
11.6
12.8
9.3
7.6
15.4
10.2
17.8
6.8
0.8
0.5
100.0
Pre-Tax Income
Average (dollars)
7,146
19,224
31,428
43,936
56,805
77,968
109,779
173,572
343,254
834,606
3,984,890
119,569
Percent of
Total
0.4
1.9
3.4
3.4
3.6
10.0
9.4
25.8
19.4
5.3
17.7
100.0
Federal Tax Burden
Average (dollars)
534
744
1,618
3,212
6,017
10,562
17,320
32,037
77,030
231,879
1,342,993
24,298
Percent of
Total
0.2
0.4
0.9
1.2
1.9
6.7
7.3
23.4
21.4
7.3
29.3
100.0
After-Tax Income 3
Average (dollars)
6,612
18,480
29,810
40,724
50,788
67,406
92,459
141,535
266,224
602,727
2,641,897
95,271
Percent of
Total
0.5
2.2
4.0
4.0
4.0
10.9
9.9
26.4
18.9
4.8
14.7
100.0
Average
Federal Tax
Rate 4
7.5
3.9
5.2
7.3
10.6
13.6
15.8
18.5
22.4
27.8
33.7
20.3
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-4).
Number of AMT Taxpayers (millions). Baseline: 5
Proposal: 0
(1) Calendar year. Baseline is current law (including provisions in the Protecting Americans from Tax Hikes Act of 2015 and the Consolidated
Appropriations Act of 2016). Proposal includes individual, corporate, payroll, excise, and estate tax provisions in Senator Sanders's tax plan,
excluding the carbon tax rebate. For details, see TPC's "An Analysis of Senator Bernie Sanders's Tax Proposals."
For a description of current law, see
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are
included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
4-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0067
Senator Sanders's Tax Proposals Excluding Carbon Tax Rebate
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Detail Table - Single Tax Units
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Percent
Change in
After-Tax
Income 3
-3.2
-3.9
-4.2
-5.3
-7.0
-9.0
-9.5
-9.1
-12.4
-20.8
-38.2
-10.2
Share of
Total
Federal Tax
Change
0.4
2.2
4.0
4.6
5.6
17.0
12.0
17.0
8.2
2.8
25.8
100.0
Average Federal Tax Change
Dollars
Percent
201
691
1,208
2,124
3,481
5,828
8,345
11,709
30,674
122,567
1,030,766
5,362
29.4
47.1
49.2
54.8
49.4
47.1
39.7
33.3
35.9
46.2
70.2
45.9
Share of Federal Taxes
Change (%
Points)
-0.1
0.0
0.1
0.2
0.1
0.1
-0.6
-2.0
-0.7
0.0
2.8
0.0
Under the
Proposal
0.6
2.2
3.8
4.1
5.3
16.7
13.4
21.4
9.8
2.8
19.7
100.0
Average Federal Tax Rate 4
Change (%
Points)
2.9
3.6
3.9
4.8
6.1
7.6
7.7
7.2
9.2
14.3
24.7
8.3
Under the
Proposal
12.6
11.3
11.7
13.7
18.6
23.6
27.0
28.6
34.9
45.4
59.9
26.5
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2025 ¹
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
Percent of
Total
10,503
15,805
16,250
10,615
7,928
14,434
7,136
7,182
1,325
113
124
92,243
11.4
17.1
17.6
11.5
8.6
15.7
7.7
7.8
1.4
0.1
0.1
100.0
Pre-Tax Income
Average (dollars)
7,078
19,096
31,384
43,869
56,729
77,215
108,931
163,813
332,823
854,712
4,168,069
64,274
Percent of
Total
1.3
5.1
8.6
7.9
7.6
18.8
13.1
19.8
7.4
1.6
8.7
100.0
Federal Tax Burden
Average (dollars)
686
1,468
2,456
3,878
7,053
12,386
21,044
35,146
85,491
265,332
1,467,400
11,672
Percent of
Total
0.7
2.2
3.7
3.8
5.2
16.6
14.0
23.5
10.5
2.8
16.9
100.0
After-Tax Income 3
Average (dollars)
6,391
17,629
28,928
39,990
49,676
64,829
87,887
128,667
247,333
589,380
2,700,668
52,602
Percent of
Total
1.4
5.7
9.7
8.8
8.1
19.3
12.9
19.1
6.8
1.4
6.9
100.0
Average
Federal Tax
Rate 4
9.7
7.7
7.8
8.8
12.4
16.0
19.3
21.5
25.7
31.0
35.2
18.2
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-4).
(1) Calendar year. Baseline is current law (including provisions in the Protecting Americans from Tax Hikes Act of 2015 and the Consolidated
Appropriations Act of 2016). Proposal includes individual, corporate, payroll, excise, and estate tax provisions in Senator Sanders's tax plan,
excluding the carbon tax rebate. For details, see TPC's "An Analysis of Senator Bernie Sanders's Tax Proposals."
For a description of current law, see
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are
included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
4-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0067
Senator Sanders's Tax Proposals Excluding Carbon Tax Rebate
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Detail Table - Married Tax Units Filing Jointly
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Percent
Change in
After-Tax
Income 3
-3.2
-3.5
-4.1
-4.0
-4.8
-6.8
-9.0
-10.6
-10.4
-14.5
-31.8
-14.6
Share of
Total
Federal Tax
Change
0.0
0.1
0.2
0.3
0.5
2.4
4.5
22.0
19.4
7.1
43.4
100.0
Average Federal Tax Change
Dollars
191
681
1,267
1,691
2,534
4,869
8,723
15,589
27,985
87,585
823,978
25,684
Percent
91.3
535.5
239.7
97.9
65.7
62.6
61.4
50.1
36.9
38.4
63.2
51.0
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.1
0.0
0.0
0.2
0.3
-0.1
-2.5
-0.8
2.8
0.0
Under the
Proposal
0.0
0.0
0.1
0.2
0.4
2.1
4.0
22.3
24.3
8.6
37.8
100.0
Average Federal Tax Rate 4
Change (%
Points)
3.1
3.4
4.0
3.8
4.5
6.1
7.9
8.7
8.1
10.5
21.1
11.3
Under the
Proposal
6.6
4.1
5.6
7.7
11.3
15.9
20.7
26.2
30.1
37.9
54.6
33.6
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2025 ¹
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
Percent of
Total
688
1,499
2,194
2,349
2,718
7,498
8,047
21,846
10,713
1,252
813
60,148
1.1
2.5
3.7
3.9
4.5
12.5
13.4
36.3
17.8
2.1
1.4
100.0
Pre-Tax Income
Average (dollars)
6,097
19,794
31,819
44,228
56,849
79,400
111,057
178,477
345,048
831,972
3,899,113
226,487
Percent of
Total
0.0
0.2
0.5
0.8
1.1
4.4
6.6
28.6
27.1
7.7
23.3
100.0
Federal Tax Burden
Average (dollars)
209
127
529
1,728
3,860
7,781
14,218
31,088
75,926
228,098
1,304,360
50,413
Percent of
Total
0.0
0.0
0.0
0.1
0.4
1.9
3.8
22.4
26.8
9.4
35.0
100.0
After-Tax Income 3
Average (dollars)
5,888
19,667
31,291
42,500
52,989
71,619
96,838
147,390
269,122
603,873
2,594,753
176,074
Percent of
Total
0.0
0.3
0.7
0.9
1.4
5.1
7.4
30.4
27.2
7.1
19.9
100.0
Average
Federal Tax
Rate 4
3.4
0.6
1.7
3.9
6.8
9.8
12.8
17.4
22.0
27.4
33.5
22.3
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-4).
(1) Calendar year. Baseline is current law (including provisions in the Protecting Americans from Tax Hikes Act of 2015 and the Consolidated
Appropriations Act of 2016). Proposal includes individual, corporate, payroll, excise, and estate tax provisions in Senator Sanders's tax plan,
excluding the carbon tax rebate. For details, see TPC's "An Analysis of Senator Bernie Sanders's Tax Proposals."
For a description of current law, see
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are
included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
4-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0067
Senator Sanders's Tax Proposals Excluding Carbon Tax Rebate
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Detail Table - Head of Household Tax Units
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Percent
Change in
After-Tax
Income 3
-1.8
-3.7
-4.4
-7.4
-10.1
-12.3
-12.5
-11.2
-8.4
-17.2
-30.8
-10.9
Share of
Total
Federal Tax
Change
0.1
1.5
3.3
5.9
7.9
23.7
18.7
24.0
4.0
1.7
9.3
100.0
Average Federal Tax Change
Dollars
175
794
1,411
3,089
5,280
8,445
11,519
14,884
21,471
103,225
848,589
6,972
Percent
-17.7
-37.5
-150.3
155.1
108.9
91.6
70.1
48.4
28.2
42.0
63.6
71.7
Share of Federal Taxes
Change (%
Points)
0.2
1.8
2.0
1.3
1.1
2.2
-0.2
-4.8
-2.6
-0.5
-0.5
0.0
Under the
Proposal
-0.2
-1.0
0.5
4.0
6.3
20.7
18.9
30.7
7.6
2.4
10.0
100.0
Average Federal Tax Rate 4
Change (%
Points)
2.0
4.1
4.5
7.0
9.3
10.8
10.6
9.1
6.5
12.2
20.8
9.4
Under the
Proposal
-9.5
-6.8
1.5
11.6
17.8
22.6
25.8
27.9
29.5
41.3
53.4
22.6
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2025 ¹
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
Percent of
Total
971
3,818
4,801
3,882
3,056
5,760
3,322
3,302
383
34
22
29,417
3.3
13.0
16.3
13.2
10.4
19.6
11.3
11.2
1.3
0.1
0.1
100.0
Pre-Tax Income
Average (dollars)
8,597
19,540
31,378
43,872
56,957
78,003
108,539
163,988
330,823
844,144
4,086,953
73,995
Percent of
Total
0.4
3.4
6.9
7.8
8.0
20.6
16.6
24.9
5.8
1.3
4.2
100.0
Federal Tax Burden
Average (dollars)
-990
-2,117
-939
1,992
4,848
9,216
16,437
30,786
76,242
245,539
1,333,909
9,721
Percent of
Total
-0.3
-2.8
-1.6
2.7
5.2
18.6
19.1
35.6
10.2
2.9
10.4
100.0
After-Tax Income 3
Average (dollars)
9,587
21,657
32,317
41,881
52,109
68,788
92,102
133,201
254,580
598,605
2,753,044
64,274
Percent of
Total
0.5
4.4
8.2
8.6
8.4
21.0
16.2
23.3
5.2
1.1
3.3
100.0
Average
Federal Tax
Rate 4
-11.5
-10.8
-3.0
4.5
8.5
11.8
15.1
18.8
23.1
29.1
32.6
13.1
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-4).
(1) Calendar year. Baseline is current law (including provisions in the Protecting Americans from Tax Hikes Act of 2015 and the Consolidated
Appropriations Act of 2016). Proposal includes individual, corporate, payroll, excise, and estate tax provisions in Senator Sanders's tax plan,
excluding the carbon tax rebate. For details, see TPC's "An Analysis of Senator Bernie Sanders's Tax Proposals."
For a description of current law, see
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are
included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
4-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0067
Senator Sanders's Tax Proposals Excluding Carbon Tax Rebate
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Detail Table - Tax Units with Children
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Percent
Change in
After-Tax
Income 3
-2.1
-3.7
-4.8
-7.1
-9.7
-11.3
-11.9
-11.9
-10.8
-14.9
-30.9
-14.8
Share of
Total
Federal Tax
Change
0.0
0.3
0.8
1.3
1.9
6.0
6.2
21.8
17.4
6.7
37.5
100.0
Average Federal Tax Change
Dollars
199
808
1,562
3,019
5,107
7,875
11,262
17,391
29,320
89,580
794,065
19,411
Percent
-18.2
-34.3
-119.4
216.4
119.5
87.5
71.9
55.0
38.1
38.5
61.1
55.6
Share of Federal Taxes
Change (%
Points)
0.0
0.3
0.4
0.4
0.4
0.8
0.5
-0.1
-2.8
-1.1
1.2
0.0
Under the
Proposal
0.0
-0.2
0.1
0.7
1.2
4.6
5.3
22.0
22.5
8.6
35.3
100.0
Average Federal Tax Rate 4
Change (%
Points)
2.4
4.1
5.0
6.9
9.0
10.0
10.2
9.8
8.4
10.7
20.5
11.7
Under the
Proposal
-10.7
-8.0
0.8
10.1
16.5
21.5
24.5
27.6
30.5
38.6
54.1
32.7
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2025 ¹
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
Percent of
Total
1,189
4,273
5,386
4,459
3,786
7,831
5,676
12,977
6,116
767
488
53,254
2.2
8.0
10.1
8.4
7.1
14.7
10.7
24.4
11.5
1.4
0.9
100.0
Pre-Tax Income
Average (dollars)
8,303
19,505
31,457
43,819
56,878
78,552
110,007
177,403
348,757
834,749
3,871,421
166,279
Percent of
Total
0.1
0.9
1.9
2.2
2.4
7.0
7.1
26.0
24.1
7.2
21.3
100.0
Federal Tax Burden
Average (dollars)
-1,091
-2,359
-1,308
1,395
4,275
8,997
15,661
31,614
76,904
232,768
1,300,723
34,925
Percent of
Total
-0.1
-0.5
-0.4
0.3
0.9
3.8
4.8
22.1
25.3
9.6
34.1
100.0
After-Tax Income 3
Average (dollars)
9,393
21,865
32,765
42,424
52,603
69,555
94,346
145,789
271,854
601,981
2,570,698
131,354
Percent of
Total
0.2
1.3
2.5
2.7
2.9
7.8
7.7
27.1
23.8
6.6
17.9
100.0
Average
Federal Tax
Rate 4
-13.1
-12.1
-4.2
3.2
7.5
11.5
14.2
17.8
22.1
27.9
33.6
21.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-4).
Note: Tax units with children are those claiming an exemption for children at home or away from home.
(1) Calendar year. Baseline is current law (including provisions in the Protecting Americans from Tax Hikes Act of 2015 and the Consolidated
Appropriations Act of 2016). Proposal includes individual, corporate, payroll, excise, and estate tax provisions in Senator Sanders's tax plan,
excluding the carbon tax rebate. For details, see TPC's "An Analysis of Senator Bernie Sanders's Tax Proposals."
For a description of current law, see
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are
included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
4-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0067
Senator Sanders's Tax Proposals Excluding Carbon Tax Rebate
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Detail Table - Elderly Tax Units
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Percent
Change in
After-Tax
Income 3
-2.1
-1.1
-1.3
-2.1
-3.1
-4.7
-6.5
-7.7
-10.5
-16.0
-38.6
-11.4
Share of
Total
Federal Tax
Change
0.1
0.3
0.7
1.1
1.5
5.4
6.8
16.0
10.9
4.5
52.2
100.0
Average Federal Tax Change
Dollars
128
213
394
889
1,653
3,316
6,331
11,000
27,766
96,194
1,155,477
9,678
Percent
76.0
58.1
55.9
63.0
60.6
51.8
48.9
41.2
37.0
42.2
74.5
55.5
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.1
0.1
-0.1
-0.3
-2.0
-1.9
-0.5
4.8
0.0
Under the
Proposal
0.0
0.3
0.7
1.1
1.5
5.7
7.4
19.6
14.4
5.4
43.6
100.0
Average Federal Tax Rate 4
Change (%
Points)
2.0
1.1
1.3
2.0
2.9
4.3
5.7
6.5
8.2
11.6
25.4
9.5
Under the
Proposal
4.7
2.9
3.5
5.2
7.8
12.5
17.5
22.2
30.2
39.1
59.5
26.5
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2025 ¹
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
Percent of
Total
2,169
6,247
9,196
6,696
4,847
8,580
5,645
7,645
2,060
246
237
54,189
4.0
11.5
17.0
12.4
8.9
15.8
10.4
14.1
3.8
0.5
0.4
100.0
Pre-Tax Income
Average (dollars)
6,301
19,909
31,532
43,932
56,476
77,582
110,318
169,826
340,802
828,122
4,546,624
102,296
Percent of
Total
0.3
2.2
5.2
5.3
4.9
12.0
11.2
23.4
12.7
3.7
19.4
100.0
Federal Tax Burden
Average (dollars)
168
366
705
1,411
2,731
6,407
12,951
26,689
75,062
227,715
1,551,571
17,454
Percent of
Total
0.0
0.2
0.7
1.0
1.4
5.8
7.7
21.6
16.4
5.9
38.9
100.0
After-Tax Income 3
Average (dollars)
6,133
19,543
30,827
42,521
53,745
71,175
97,367
143,137
265,740
600,407
2,995,052
84,841
Percent of
Total
0.3
2.7
6.2
6.2
5.7
13.3
12.0
23.8
11.9
3.2
15.4
100.0
Average
Federal Tax
Rate 4
2.7
1.8
2.2
3.2
4.8
8.3
11.7
15.7
22.0
27.5
34.1
17.1
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-4).
Note: Elderly tax units are those with either head or spouse (if filing jointly) age 65 or older.
(1) Calendar year. Baseline is current law (including provisions in the Protecting Americans from Tax Hikes Act of 2015 and the Consolidated
Appropriations Act of 2016). Proposal includes individual, corporate, payroll, excise, and estate tax provisions in Senator Sanders's tax plan,
excluding the carbon tax rebate. For details, see TPC's "An Analysis of Senator Bernie Sanders's Tax Proposals."
For a description of current law, see
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are
included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.