11-Feb-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 T16-0016
Senator Rubio's Tax Reform Plan with Personal Credit Fully Refundable for Earners
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2017 ¹
Summary Table
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Number
(thousands)
Percent of Total
Percent Change
in After-Tax
Income 4
Share of Total
Federal Tax
Change
Average
Federal Tax
Change ($)
Average Federal Tax Rate 5
Change (%
Points)
Under the
Proposal
47,878
37,992
34,342
28,545
23,785
173,829
27.5
21.9
19.8
16.4
13.7
100.0
4.9
2.0
2.6
3.3
6.2
4.6
5.4
4.2
8.5
15.1
66.1
100.0
-650
-642
-1,421
-3,050
-16,013
-3,315
-4.7
-1.9
-2.2
-2.7
-4.6
-3.7
-0.6
6.2
11.2
14.2
21.0
16.1
12,240
5,942
4,468
1,135
116
7.0
3.4
2.6
0.7
0.1
4.2
4.5
4.7
10.4
13.6
12.9
9.3
11.9
32.1
18.8
-6,060
-8,966
-15,368
-162,734
-933,357
-3.4
-3.5
-3.6
-7.0
-8.9
16.4
18.1
21.5
25.9
25.3
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-3A).
Number of AMT Taxpayers (millions). Baseline: 4.5
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, and estate tax provisions in Senator Rubio's tax reform proposal.
Assumes personal credit is fully refundable to all tax units with positive earnings. For details, see TPC's
"An Analysis of Marco Rubio's Tax Plan." 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) The income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax
units. The breaks are (in 2015 dollars): 20% $23,099; 40% $45,153; 60% $80,760; 80% $142,601; 90% $209,113; 95% $295,756; 99% $732,323; 99.9% $3,769,396.
(4) 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.
(5) 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.
11-Feb-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0016
Senator Rubio's Tax Reform Plan with Personal Credit Fully Refundable for Earners
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2017 ¹
Detail Table
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent
Change in
After-Tax
Income 4
Share of
Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate 5
Change (%
Points)
Under the
Proposal
4.9
2.0
2.6
3.3
6.2
4.6
5.4
4.2
8.5
15.1
66.1
100.0
-650
-642
-1,421
-3,050
-16,013
-3,315
-114.7
-23.0
-16.5
-16.2
-18.0
-18.6
-1.0
-0.2
0.3
0.5
0.6
0.0
-0.2
3.2
9.8
18.0
69.1
100.0
-4.7
-1.9
-2.2
-2.7
-4.6
-3.7
-0.6
6.2
11.2
14.2
21.0
16.1
4.2
4.5
4.7
10.4
13.6
12.9
9.3
11.9
32.1
18.8
-6,060
-8,966
-15,368
-162,734
-933,357
-17.2
-16.2
-14.2
-21.2
-26.1
0.3
0.3
0.9
-0.9
-1.2
14.2
11.0
16.5
27.4
12.2
-3.4
-3.5
-3.6
-7.0
-8.9
16.4
18.1
21.5
25.9
25.3
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile, 2017 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Pre-Tax Income
27.5
21.9
19.8
16.4
13.7
100.0
13,803
34,515
63,950
111,603
348,723
89,870
4.2
8.4
14.1
20.4
53.1
100.0
567
2,788
8,601
18,889
89,079
17,793
0.9
3.4
9.6
17.4
68.5
100.0
13,236
31,728
55,349
92,715
259,644
72,078
5.1
9.6
15.2
21.1
49.3
100.0
4.1
8.1
13.5
16.9
25.5
19.8
7.0
3.4
2.6
0.7
0.1
178,576
255,607
433,141
2,338,038
10,462,318
14.0
9.7
12.4
17.0
7.8
35,300
55,335
108,516
768,932
3,581,433
14.0
10.6
15.7
28.2
13.5
143,276
200,272
324,624
1,569,107
6,880,885
14.0
9.5
11.6
14.2
6.4
19.8
21.7
25.1
32.9
34.2
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 5
47,878
37,992
34,342
28,545
23,785
###########
Average (dollars)
Percent of
Total
After-Tax Income 4
Percent of
Total
Average (dollars)
Percent of
Total
Federal Tax Burden
Number
(thousands)
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
12,240
5,942
4,468
1,135
116
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-3A).
Number of AMT Taxpayers (millions). Baseline: 4.5
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, and estate tax provisions in Senator Rubio's tax reform proposal.
Assumes personal credit is fully refundable to all tax units with positive earnings. For details, see TPC's
"An Analysis of Marco Rubio's Tax Plan." 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) The income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The breaks are (in 2015 dollars): 20%
$23,099; 40% $45,153; 60% $80,760; 80% $142,601; 90% $209,113; 95% $295,756; 99% $732,323; 99.9% $3,769,396.
(4) 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.
(5) 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.
11-Feb-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0016
Senator Rubio's Tax Reform Plan with Personal Credit Fully Refundable for Earners
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Percentile Adjusted for Family Size, 2017 ¹
Detail Table
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent
Change in
After-Tax
4
Income
Share of
Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate
Change (%
Points)
5
Under the
Proposal
6.8
2.6
2.9
2.8
5.8
4.6
5.8
4.7
8.7
12.7
67.3
100.0
-872
-742
-1,446
-2,265
-12,850
-3,315
-1,597.5
-36.3
-21.2
-14.1
-17.2
-18.6
-1.3
-0.5
-0.2
0.9
1.3
0.0
-1.3
1.9
7.4
17.7
74.1
100.0
-6.8
-2.5
-2.6
-2.3
-4.3
-3.7
-6.4
4.3
9.6
14.2
20.9
16.1
3.8
4.4
4.2
10.3
13.7
12.7
10.0
11.7
33.0
19.9
-4,703
-7,594
-11,679
-143,567
-835,738
-15.7
-16.0
-12.7
-21.1
-26.3
0.5
0.4
1.3
-0.9
-1.3
15.6
12.0
18.4
28.2
12.8
-3.1
-3.4
-3.1
-6.9
-9.0
16.5
18.1
21.5
25.8
25.2
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile Adjusted for Family Size, 2017 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Number
(thousands)
Pre-Tax Income
Percent of
Total
Average (dollars)
Percent of
Total
Federal Tax Burden
Average (dollars)
Percent of
Total
After-Tax Income 4
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 5
38,499
36,780
34,678
32,400
30,186
173,829
22.2
21.2
20.0
18.6
17.4
100.0
12,879
30,352
56,148
97,316
296,042
89,870
3.2
7.2
12.5
20.2
57.2
100.0
55
2,044
6,814
16,044
74,636
17,793
0.1
2.4
7.6
16.8
72.8
100.0
12,824
28,308
49,334
81,272
221,405
72,078
3.9
8.3
13.7
21.0
53.3
100.0
0.4
6.7
12.1
16.5
25.2
19.8
15,551
7,554
5,756
1,325
137
9.0
4.4
3.3
0.8
0.1
152,577
220,502
372,678
2,078,179
9,283,821
15.2
10.7
13.7
17.6
8.2
29,924
47,393
91,915
679,875
3,177,467
15.1
11.6
17.1
29.1
14.1
122,653
173,109
280,763
1,398,304
6,106,354
15.2
10.4
12.9
14.8
6.7
19.6
21.5
24.7
32.7
34.2
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-3A).
Number of AMT Taxpayers (millions). Baseline: 4.5
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, and estate tax provisions in Senator Rubio's tax reform proposal.
Assumes personal credit is fully refundable to all tax units with positive earnings. For details, see TPC's
"An Analysis of Marco Rubio's Tax Plan." 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) The income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family
size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2015 dollars): 20% $16,114; 40% $30,188; 60% $52,080; 80% $86,603; 90% $125,539; 95%
$174,819; 99% $419,094; 99.9% $2,163,747.
(4) 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.
(5) 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.
11-Feb-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0016
Senator Rubio's Tax Reform Plan with Personal Credit Fully Refundable for Earners
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Percentile Adjusted for Family Size, 2017 ¹
Detail Table - Single Tax Units
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent
Change in
After-Tax
Income 4
Share of
Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate 5
Change (%
Points)
Under the
Proposal
6.2
1.1
1.0
2.1
6.0
3.5
13.2
4.7
5.8
13.8
61.5
100.0
-586
-243
-373
-1,216
-8,152
-1,302
-93.9
-12.1
-6.6
-9.6
-17.7
-15.8
-2.1
0.3
1.5
1.7
-1.2
0.0
0.2
6.4
15.3
24.2
53.7
100.0
-5.8
-1.0
-0.9
-1.7
-4.5
-2.8
0.4
7.3
12.4
16.1
20.8
15.1
3.6
3.7
3.1
15.4
18.8
13.9
7.6
6.9
33.1
20.9
-3,128
-4,380
-5,935
-161,011
-805,457
-13.9
-13.1
-9.4
-28.6
-33.9
0.4
0.3
0.9
-2.8
-2.1
16.2
9.4
12.5
15.5
7.7
-2.9
-2.9
-2.4
-10.0
-12.1
17.9
19.1
22.7
25.0
23.6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile Adjusted for Family Size, 2017 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Pre-Tax Income
29.4
25.2
20.1
14.7
9.8
100.0
10,035
24,069
42,659
70,611
181,705
45,893
6.4
13.2
18.7
22.7
38.9
100.0
624
2,009
5,653
12,606
46,017
8,225
2.2
6.2
13.8
22.6
55.0
100.0
9,411
22,059
37,006
58,005
135,688
37,668
7.3
14.8
19.8
22.7
35.4
100.0
6.2
8.4
13.3
17.9
25.3
17.9
5,088
1,969
1,322
235
30
5.8
2.2
1.5
0.3
0.0
108,474
152,771
253,026
1,608,496
6,666,394
13.7
7.5
8.3
9.4
4.9
22,486
33,483
63,438
562,538
2,376,444
15.9
9.1
11.6
18.3
9.8
85,988
119,288
189,588
1,045,958
4,289,950
13.2
7.1
7.6
7.4
3.8
20.7
21.9
25.1
35.0
35.7
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 5
25,766
22,108
17,639
12,926
8,614
87,711
Average (dollars)
Percent of
Total
After-Tax Income 4
Percent of
Total
Average (dollars)
Percent of
Total
Federal Tax Burden
Number
(thousands)
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-3A).
(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, and estate tax provisions in Senator Rubio's tax reform proposal.
Assumes personal credit is fully refundable to all tax units with positive earnings. For details, see TPC's
"An Analysis of Marco Rubio's Tax Plan." 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) The income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family
size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2015 dollars): 20% $16,114; 40% $30,188; 60% $52,080; 80% $86,603; 90% $125,539; 95%
$174,819; 99% $419,094; 99.9% $2,163,747.
(4) 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.
(5) 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.
11-Feb-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0016
Senator Rubio's Tax Reform Plan with Personal Credit Fully Refundable for Earners
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Percentile Adjusted for Family Size, 2017 ¹
Detail Table - Married Tax Units Filing Jointly
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent
Change in
After-Tax
Income 4
Share of
Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate 5
Change (%
Points)
Under the
Proposal
10.4
5.1
4.3
3.1
5.8
5.2
2.4
3.3
7.7
12.1
73.8
100.0
-2,042
-2,027
-2,857
-3,125
-15,197
-6,959
727.3
-77.7
-34.3
-16.7
-17.3
-19.0
-0.6
-0.6
-0.8
0.4
1.7
0.0
-0.7
0.2
3.5
14.2
82.7
100.0
-10.6
-4.7
-3.9
-2.6
-4.4
-4.1
-12.0
1.4
7.4
13.1
20.8
17.4
4.0
4.7
4.5
9.3
12.6
13.3
11.7
14.4
34.4
20.0
-5,775
-9,235
-13,945
-136,240
-831,352
-17.0
-17.4
-13.7
-19.6
-24.6
0.4
0.3
1.3
-0.2
-1.1
15.3
13.0
21.2
33.2
14.4
-3.2
-3.7
-3.4
-6.3
-8.3
15.9
17.6
21.2
26.0
25.6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile Adjusted for Family Size, 2017 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Pre-Tax Income
8.3
11.3
18.7
27.0
33.8
100.0
19,346
42,759
74,120
119,377
349,461
170,228
0.9
2.9
8.1
18.9
69.4
100.0
-281
2,608
8,332
18,734
87,842
36,656
-0.1
0.8
4.3
13.8
81.0
100.0
19,627
40,151
65,788
100,643
261,619
133,573
1.2
3.4
9.2
20.3
66.2
100.0
-1.5
6.1
11.2
15.7
25.1
21.5
9,383
5,166
4,198
1,028
98
16.0
8.8
7.2
1.8
0.2
178,045
248,698
414,040
2,156,336
9,986,334
16.8
12.9
17.5
22.3
9.8
34,059
53,090
101,753
696,445
3,386,834
14.9
12.8
19.9
33.4
15.4
143,985
195,608
312,287
1,459,891
6,599,500
17.3
12.9
16.8
19.2
8.3
19.1
21.4
24.6
32.3
33.9
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 5
4,850
6,627
10,938
15,787
19,776
58,490
Average (dollars)
Percent of
Total
After-Tax Income 4
Percent of
Total
Average (dollars)
Percent of
Total
Federal Tax Burden
Number
(thousands)
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-3A).
(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, and estate tax provisions in Senator Rubio's tax reform proposal.
Assumes personal credit is fully refundable to all tax units with positive earnings. For details, see TPC's
"An Analysis of Marco Rubio's Tax Plan." 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) The income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family
size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2015 dollars): 20% $16,114; 40% $30,188; 60% $52,080; 80% $86,603; 90% $125,539; 95%
$174,819; 99% $419,094; 99.9% $2,163,747.
(4) 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.
(5) 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.
11-Feb-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0016
Senator Rubio's Tax Reform Plan with Personal Credit Fully Refundable for Earners
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Percentile Adjusted for Family Size, 2017 ¹
Detail Table - Head of Household Tax Units
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent
Change in
After-Tax
Income 4
Share of
Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate 5
Change (%
Points)
Under the
Proposal
5.4
2.9
3.7
2.8
3.4
3.5
19.2
18.9
27.2
16.9
17.5
100.0
-1,084
-1,067
-2,146
-2,367
-6,093
-1,717
62.1
-70.6
-29.2
-13.9
-10.5
-26.5
-9.9
-4.3
-0.9
5.5
9.6
0.0
-18.1
2.8
23.7
37.7
53.9
100.0
-5.9
-2.8
-3.3
-2.4
-2.6
-3.1
-15.3
1.2
8.0
14.5
21.9
8.6
2.3
1.0
-0.1
10.5
15.1
5.0
1.0
-0.1
11.5
8.9
-2,762
-1,538
205
-170,762
-1,179,465
-9.0
-3.3
0.3
-21.6
-28.9
3.5
2.5
2.7
0.9
-0.3
18.4
10.3
10.2
15.1
7.9
-1.9
-0.7
0.1
-7.1
-9.9
18.7
21.5
24.8
25.7
24.4
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile Adjusted for Family Size, 2017 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Pre-Tax Income
Federal Tax Burden
7,517
7,499
5,360
3,029
1,215
24,670
30.5
30.4
21.7
12.3
4.9
100.0
18,506
38,114
64,962
100,864
237,758
55,431
10.2
20.9
25.5
22.3
21.1
100.0
-1,746
1,511
7,355
16,988
58,260
6,485
-8.2
7.1
24.6
32.2
44.3
100.0
20,252
36,603
57,607
83,876
179,498
48,946
12.6
22.7
25.6
21.0
18.1
100.0
-9.4
4.0
11.3
16.8
24.5
11.7
771
272
143
29
3
3.1
1.1
0.6
0.1
0.0
149,639
207,057
336,537
2,409,594
11,880,993
8.4
4.1
3.5
5.0
2.8
30,787
46,094
83,174
789,554
4,076,329
14.8
7.8
7.5
14.1
8.1
118,852
160,963
253,363
1,620,040
7,804,664
7.6
3.6
3.0
3.8
2.1
20.6
22.3
24.7
32.8
34.3
Average (dollars)
Percent of
Total
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 5
Percent of
Total
Average (dollars)
Percent of
Total
After-Tax Income 4
Number
(thousands)
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-3A).
(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, and estate tax provisions in Senator Rubio's tax reform proposal.
Assumes personal credit is fully refundable to all tax units with positive earnings. For details, see TPC's
"An Analysis of Marco Rubio's Tax Plan." 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) The income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family
size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2015 dollars): 20% $16,114; 40% $30,188; 60% $52,080; 80% $86,603; 90% $125,539; 95%
$174,819; 99% $419,094; 99.9% $2,163,747.
(4) 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.
(5) 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.
11-Feb-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0016
Senator Rubio's Tax Reform Plan with Personal Credit Fully Refundable for Earners
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Percentile Adjusted for Family Size, 2017 ¹
Detail Table - Tax Units with Children
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent
Change in
After-Tax
4
Income
Share of
Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate
Change (%
Points)
5
Under the
Proposal
7.3
4.7
5.6
4.5
6.0
5.6
5.5
6.7
13.3
16.6
57.4
100.0
-1,555
-1,885
-3,801
-4,879
-17,658
-5,767
89.4
-100.9
-40.3
-22.0
-17.0
-22.4
-2.0
-1.5
-1.7
0.1
5.2
0.0
-3.4
0.0
5.7
17.0
80.7
100.0
-8.0
-4.5
-4.9
-3.7
-4.4
-4.5
-16.9
0.0
7.3
13.2
21.6
15.6
4.9
4.9
4.3
9.0
12.0
13.0
8.8
10.1
25.6
14.7
-7,908
-11,059
-15,423
-153,785
-910,225
-19.7
-17.4
-12.3
-18.4
-23.3
0.5
0.7
2.4
1.6
-0.2
15.3
12.0
20.6
32.8
13.9
-3.9
-3.8
-3.2
-6.1
-7.9
16.1
18.3
22.6
26.9
26.1
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile Adjusted for Family Size, 2017 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Pre-Tax Income
20.5
20.5
20.1
19.6
18.7
100.0
19,469
42,279
77,036
131,023
399,807
128,300
3.1
6.8
12.1
20.1
58.4
100.0
-1,740
1,867
9,423
22,156
103,864
25,774
-1.4
1.5
7.4
16.9
75.5
100.0
21,209
40,412
67,613
108,867
295,943
102,526
4.2
8.1
13.3
20.9
54.1
100.0
-8.9
4.4
12.2
16.9
26.0
20.1
4,775
2,303
1,898
485
47
9.5
4.6
3.8
1.0
0.1
201,505
287,776
486,965
2,543,942
11,501,078
14.9
10.2
14.3
19.0
8.3
40,251
63,630
125,214
837,947
3,910,765
14.8
11.3
18.3
31.2
14.1
161,253
224,145
361,751
1,705,996
7,590,312
14.9
10.0
13.3
16.0
6.9
20.0
22.1
25.7
32.9
34.0
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 5
10,329
10,342
10,170
9,916
9,461
50,501
Average (dollars)
Percent of
Total
After-Tax Income 4
Percent of
Total
Average (dollars)
Percent of
Total
Federal Tax Burden
Number
(thousands)
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-3A).
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, and estate tax provisions in Senator Rubio's tax reform proposal.
Assumes personal credit is fully refundable to all tax units with positive earnings. For details, see TPC's
"An Analysis of Marco Rubio's Tax Plan." 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) The income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family
size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2015 dollars): 20% $16,114; 40% $30,188; 60% $52,080; 80% $86,603; 90% $125,539; 95%
$174,819; 99% $419,094; 99.9% $2,163,747.
(4) 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.
(5) 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.
11-Feb-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0016
Senator Rubio's Tax Reform Plan with Personal Credit Fully Refundable for Earners
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Percentile Adjusted for Family Size, 2017 ¹
Detail Table - Elderly Tax Units
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent
Change in
After-Tax
4
Income
Share of
Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate
Change (%
Points)
5
Under the
Proposal
2.1
1.3
1.5
1.6
7.7
4.6
1.3
2.9
5.2
7.6
82.0
100.0
-248
-322
-684
-1,267
-16,699
-3,009
-157.2
-55.7
-24.9
-12.9
-23.2
-22.7
-0.3
-0.5
-0.1
1.7
-0.6
0.0
-0.1
0.7
4.6
15.0
79.6
100.0
-2.0
-1.2
-1.4
-1.5
-5.8
-3.8
-0.7
1.0
4.2
9.9
19.1
13.1
3.3
4.6
5.6
14.2
16.8
9.6
8.7
12.0
51.7
32.2
-3,692
-7,256
-14,039
-202,871
-945,272
-16.7
-18.9
-18.1
-28.3
-31.5
1.0
0.5
0.9
-3.0
-2.6
14.1
11.0
16.0
38.5
20.6
-2.7
-3.7
-4.3
-9.4
-10.9
13.7
15.8
19.2
23.9
23.8
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile Adjusted for Family Size, 2017 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Pre-Tax Income
16.3
27.2
22.8
18.0
14.8
100.0
12,234
25,865
49,520
86,893
288,956
78,386
2.5
9.0
14.4
19.9
54.5
100.0
158
577
2,747
9,831
71,852
13,251
0.2
1.2
4.7
13.3
80.1
100.0
12,076
25,287
46,773
77,063
217,104
65,135
3.0
10.5
16.4
21.3
49.3
100.0
1.3
2.2
5.6
11.3
24.9
16.9
3,315
1,534
1,091
325
43
7.8
3.6
2.6
0.8
0.1
135,058
197,748
330,530
2,149,797
8,646,252
13.5
9.1
10.9
21.0
11.3
22,149
38,445
77,550
717,424
3,003,241
13.1
10.5
15.1
41.5
23.2
112,909
159,303
252,979
1,432,373
5,643,011
13.6
8.9
10.0
16.9
8.9
16.4
19.4
23.5
33.4
34.7
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 5
6,887
11,510
9,653
7,617
6,265
42,388
Average (dollars)
Percent of
Total
After-Tax Income 4
Percent of
Total
Average (dollars)
Percent of
Total
Federal Tax Burden
Number
(thousands)
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-3A).
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, and estate tax provisions in Senator Rubio's tax reform proposal.
Assumes personal credit is fully refundable to all tax units with positive earnings. For details, see TPC's
"An Analysis of Marco Rubio's Tax Plan." 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) The income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family
size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2015 dollars): 20% $16,114; 40% $30,188; 60% $52,080; 80% $86,603; 90% $125,539; 95%
$174,819; 99% $419,094; 99.9% $2,163,747.
(4) 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.
(5) 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.