3-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 T16-0040
Secretary Clinton's Tax Proposals
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2017 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)
14,725
25,414
22,395
16,134
13,207
24,054
16,257
27,725
10,572
1,332
727
173,829
Percent of Total
8.5
14.6
12.9
9.3
7.6
13.8
9.4
16.0
6.1
0.8
0.4
100.0
Percent Change
in After-Tax
Income 3
0.0
0.0
0.0
-0.1
-0.1
-0.1
-0.1
-0.2
-0.5
-1.5
-5.5
-0.9
Share of Total
Federal Tax
Change
0.0
0.1
0.2
0.2
0.3
1.0
1.5
4.6
9.8
8.9
73.2
100.0
Average
Federal Tax
Change ($)
1
5
9
16
24
45
106
189
1,060
7,646
115,135
657
Average Federal Tax Rate 4
Change (%
Points)
0.0
0.0
0.0
0.0
0.1
0.1
0.1
0.1
0.4
1.1
3.7
0.7
Under the
Proposal
7.7
3.4
5.3
8.4
11.1
13.5
15.9
18.7
23.1
28.7
37.2
20.5
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-4).
Number of AMT Taxpayers (millions). Baseline: 4.5
Proposal: 4.5
(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 Secretary Clinton's tax plan. For
details, see TPC's "An Analysis of Hillary Clinton'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) 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.
3-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0040
Secretary Clinton's Tax Proposals
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2017 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
0.0
0.0
0.0
-0.1
-0.1
-0.1
-0.1
-0.2
-0.5
-1.5
-5.5
-0.9
Share of
Total
Federal Tax
Change
0.0
0.1
0.2
0.2
0.3
1.0
1.5
4.6
9.8
8.9
73.2
100.0
Average Federal Tax Change
Dollars
Percent
1
5
9
16
24
45
106
189
1,060
7,646
115,135
657
0.3
1.0
0.7
0.5
0.5
0.5
0.7
0.7
1.6
3.9
10.9
3.7
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
-0.1
-0.1
-0.2
-0.2
-0.7
-0.5
0.0
1.7
0.0
Under the
Proposal
0.2
0.4
1.0
1.5
2.1
6.5
7.3
23.4
22.4
8.4
26.5
100.0
Average Federal Tax Rate 4
Change (%
Points)
0.0
0.0
0.0
0.0
0.1
0.1
0.1
0.1
0.4
1.1
3.7
0.7
Under the
Proposal
7.7
3.4
5.3
8.4
11.1
13.5
15.9
18.7
23.1
28.7
37.2
20.5
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2017 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)
14,725
25,414
22,395
16,134
13,207
24,054
16,257
27,725
10,572
1,332
727
173,829
Percent of
Total
8.5
14.6
12.9
9.3
7.6
13.8
9.4
16.0
6.1
0.8
0.4
100.0
Pre-Tax Income
Average (dollars)
5,917
15,736
25,818
36,366
46,824
64,427
90,606
144,813
294,461
702,881
3,152,612
89,870
Percent of
Total
0.6
2.6
3.7
3.8
4.0
9.9
9.4
25.7
19.9
6.0
14.7
100.0
Federal Tax Burden
Average (dollars)
453
523
1,352
3,049
5,164
8,640
14,338
26,822
66,953
194,197
1,056,303
17,793
Percent of
Total
0.2
0.4
1.0
1.6
2.2
6.7
7.5
24.0
22.9
8.4
24.8
100.0
After-Tax Income 3
Average (dollars)
5,464
15,212
24,466
33,318
41,660
55,787
76,268
117,990
227,508
508,684
2,096,310
72,078
Percent of
Total
0.6
3.1
4.4
4.3
4.4
10.7
9.9
26.1
19.2
5.4
12.2
100.0
Average
Federal Tax
Rate 4
7.7
3.3
5.2
8.4
11.0
13.4
15.8
18.5
22.7
27.6
33.5
19.8
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-4).
Number of AMT Taxpayers (millions). Baseline: 4.5
Proposal: 4.5
(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 Secretary Clinton's tax plan. For
details, see TPC's "An Analysis of Hillary Clinton'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) 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.
3-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0040
Secretary Clinton's Tax Proposals
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2017 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
3
Income
0.0
0.0
-0.1
-0.1
-0.1
-0.1
-0.3
-0.5
-2.1
-3.7
-8.2
-0.8
Share of
Total
Federal Tax
Change
0.1
0.5
0.6
0.8
0.9
2.8
4.5
10.1
16.6
7.6
55.2
100.0
Average Federal Tax Change
Dollars
Percent
1
6
11
21
31
66
212
514
4,494
18,088
170,612
304
0.2
0.7
0.5
0.5
0.5
0.6
1.2
1.8
6.1
8.2
14.5
3.7
Share of Federal Taxes
Change (%
Points)
0.0
-0.1
-0.1
-0.2
-0.2
-0.5
-0.3
-0.4
0.2
0.2
1.5
0.0
Under the
Proposal
1.0
2.6
4.4
5.3
6.5
16.1
13.5
21.0
10.3
3.6
15.5
100.0
Average Federal Tax Rate 4
Change (%
Points)
0.0
0.0
0.0
0.1
0.1
0.1
0.2
0.4
1.6
2.5
5.3
0.7
Under the
Proposal
9.5
6.4
8.7
11.6
14.0
16.9
20.0
21.9
27.6
33.4
41.4
18.6
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2017 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)
12,785
19,497
14,747
9,363
7,416
11,160
5,639
5,264
984
112
86
87,711
Percent of
Total
14.6
22.2
16.8
10.7
8.5
12.7
6.4
6.0
1.1
0.1
0.1
100.0
Pre-Tax Income
Average (dollars)
5,870
15,598
25,680
36,329
46,854
63,889
89,647
136,164
283,971
714,264
3,250,534
45,893
Percent of
Total
1.9
7.6
9.4
8.5
8.6
17.7
12.6
17.8
6.9
2.0
7.0
100.0
Federal Tax Burden
Average (dollars)
555
985
2,233
4,204
6,517
10,719
17,680
29,343
73,965
220,166
1,173,652
8,225
Percent of
Total
1.0
2.7
4.6
5.5
6.7
16.6
13.8
21.4
10.1
3.4
14.1
100.0
After-Tax Income 3
Average (dollars)
5,316
14,613
23,447
32,125
40,337
53,170
71,967
106,820
210,006
494,098
2,076,882
37,668
Percent of
Total
2.1
8.6
10.5
9.1
9.1
18.0
12.3
17.0
6.3
1.7
5.4
100.0
Average
Federal Tax
Rate 4
9.5
6.3
8.7
11.6
13.9
16.8
19.7
21.6
26.1
30.8
36.1
17.9
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, and estate tax provisions in Secretary Clinton's tax plan. For
details, see TPC's "An Analysis of Hillary Clinton'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) 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.
3-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0040
Secretary Clinton's Tax Proposals
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2017 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
3
Income
0.0
0.0
0.0
0.0
0.0
-0.1
-0.1
-0.1
-0.3
-1.3
-5.0
-1.0
Share of
Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.1
0.3
0.5
2.7
8.1
9.8
78.5
100.0
Average Federal Tax Change
Dollars
Percent
1
2
5
10
17
30
51
106
696
6,620
103,041
1,369
0.7
2.7
2.9
0.8
0.6
0.5
0.4
0.4
1.1
3.5
10.1
3.7
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
-0.1
-0.1
-0.8
-0.7
0.0
1.8
0.0
Under the
Proposal
0.0
0.0
0.0
0.2
0.4
2.2
4.4
23.6
27.8
10.5
30.7
100.0
Average Federal Tax Rate 4
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.1
0.2
0.9
3.4
0.8
Under the
Proposal
2.3
0.5
0.7
3.4
6.5
9.7
13.3
17.7
22.6
28.2
36.5
22.3
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2017 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)
832
1,854
2,841
2,893
2,807
7,746
7,990
19,969
9,257
1,180
610
58,490
Percent of
Total
1.4
3.2
4.9
5.0
4.8
13.2
13.7
34.1
15.8
2.0
1.0
100.0
Pre-Tax Income
Average (dollars)
5,193
16,319
26,207
36,583
46,968
65,408
91,464
148,093
295,938
701,505
3,073,296
170,228
Percent of
Total
0.0
0.3
0.8
1.1
1.3
5.1
7.3
29.7
27.5
8.3
18.8
100.0
Federal Tax Burden
Average (dollars)
118
81
178
1,244
3,035
6,330
12,118
26,171
66,147
191,330
1,017,245
36,656
Percent of
Total
0.0
0.0
0.0
0.2
0.4
2.3
4.5
24.4
28.6
10.5
28.9
100.0
After-Tax Income 3
Average (dollars)
5,075
16,238
26,030
35,339
43,933
59,077
79,346
121,923
229,792
510,175
2,056,051
133,573
Percent of
Total
0.1
0.4
1.0
1.3
1.6
5.9
8.1
31.2
27.2
7.7
16.1
100.0
Average
Federal Tax
Rate 4
2.3
0.5
0.7
3.4
6.5
9.7
13.3
17.7
22.4
27.3
33.1
21.5
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, and estate tax provisions in Secretary Clinton's tax plan. For
details, see TPC's "An Analysis of Hillary Clinton'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) 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.
3-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0040
Secretary Clinton's Tax Proposals
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2017 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
3
Income
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
-0.1
-0.4
-1.5
-5.7
-0.3
Share of
Total
Federal Tax
Change
0.0
0.1
0.7
1.0
1.1
3.1
3.0
10.1
6.3
6.0
68.5
100.0
Average Federal Tax Change
Dollars
Percent
1
1
5
9
14
22
41
158
766
7,706
148,739
131
-0.2
-0.1
-0.5
0.8
0.4
0.3
0.3
0.6
1.2
3.8
11.3
2.0
Share of Federal Taxes
Change (%
Points)
0.0
0.1
0.1
0.0
-0.1
-0.3
-0.3
-0.5
-0.1
0.1
1.1
0.0
Under the
Proposal
-0.4
-4.0
-2.7
2.6
5.5
19.6
19.0
33.1
10.8
3.3
13.3
100.0
Average Federal Tax Rate 4
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.3
1.1
3.8
0.2
Under the
Proposal
-9.6
-10.8
-3.9
3.3
7.1
11.1
14.9
19.1
23.8
30.1
37.0
11.9
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2017 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)
959
3,766
4,453
3,539
2,688
4,524
2,310
2,074
265
25
15
24,670
Percent of
Total
3.9
15.3
18.1
14.3
10.9
18.3
9.4
8.4
1.1
0.1
0.1
100.0
Pre-Tax Income
Average (dollars)
7,168
16,157
26,009
36,280
46,602
64,033
89,869
136,176
279,960
702,819
3,944,145
55,431
Percent of
Total
0.5
4.5
8.5
9.4
9.2
21.2
15.2
20.7
5.4
1.3
4.3
100.0
Federal Tax Burden
Average (dollars)
-686
-1,753
-1,009
1,191
3,312
7,057
13,343
25,889
65,797
203,742
1,311,786
6,485
Percent of
Total
-0.4
-4.1
-2.8
2.6
5.6
20.0
19.3
33.6
10.9
3.2
12.2
100.0
After-Tax Income 3
Average (dollars)
7,854
17,909
27,018
35,089
43,290
56,976
76,526
110,287
214,163
499,077
2,632,359
48,946
Percent of
Total
0.6
5.6
10.0
10.3
9.6
21.4
14.6
19.0
4.7
1.0
3.2
100.0
Average
Federal Tax
Rate 4
-9.6
-10.9
-3.9
3.3
7.1
11.0
14.9
19.0
23.5
29.0
33.3
11.7
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, and estate tax provisions in Secretary Clinton's tax plan. For
details, see TPC's "An Analysis of Hillary Clinton'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) 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.
3-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0040
Secretary Clinton's Tax Proposals
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2017 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
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
-0.1
-0.3
-1.3
-4.7
-0.9
Share of
Total
Federal Tax
Change
0.0
0.0
0.1
0.1
0.1
0.4
0.5
2.1
8.5
10.5
77.8
100.0
Average Federal Tax Change
Dollars
Percent
1
1
5
9
14
22
38
78
703
6,506
95,258
890
-0.2
-0.1
-0.4
1.4
0.5
0.3
0.3
0.3
1.1
3.4
9.3
3.5
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
-0.1
-0.2
-0.7
-0.7
0.0
1.6
0.0
Under the
Proposal
-0.1
-0.7
-0.5
0.2
0.8
3.6
5.0
23.1
27.3
10.7
30.4
100.0
Average Federal Tax Rate 4
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.2
0.9
3.1
0.7
Under the
Proposal
-11.4
-11.9
-4.9
1.8
6.2
10.5
13.9
17.8
22.7
28.5
36.4
20.8
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2017 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
1,271
4,584
5,580
4,445
3,574
7,111
5,269
11,874
5,419
723
367
50,501
2.5
9.1
11.1
8.8
7.1
14.1
10.4
23.5
10.7
1.4
0.7
100.0
Pre-Tax Income
Average (dollars)
6,855
16,139
26,059
36,361
46,663
64,555
91,156
147,810
299,242
699,507
3,062,567
128,300
Percent of
Total
0.1
1.1
2.2
2.5
2.6
7.1
7.4
27.1
25.0
7.8
17.4
100.0
Federal Tax Burden
Average (dollars)
-785
-1,923
-1,284
658
2,878
6,745
12,664
26,157
67,147
192,825
1,019,907
25,774
Percent of
Total
-0.1
-0.7
-0.6
0.2
0.8
3.7
5.1
23.9
28.0
10.7
28.8
100.0
After-Tax Income 3
Average (dollars)
7,640
18,062
27,343
35,703
43,785
57,810
78,492
121,653
232,094
506,682
2,042,660
102,526
Percent of
Total
0.2
1.6
3.0
3.1
3.0
7.9
8.0
27.9
24.3
7.1
14.5
100.0
Average
Federal Tax
Rate 4
-11.5
-11.9
-4.9
1.8
6.2
10.5
13.9
17.7
22.4
27.6
33.3
20.1
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, and estate tax provisions in Secretary Clinton's tax plan. For
details, see TPC's "An Analysis of Hillary Clinton'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) 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.
3-Mar-16
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T16-0040
Secretary Clinton's Tax Proposals
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2017 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
0.0
-0.1
-0.1
-0.1
-0.1
-0.2
-0.4
-0.5
-1.3
-2.5
-7.5
-1.5
Share of
Total
Federal Tax
Change
0.0
0.2
0.2
0.3
0.4
1.5
2.8
7.1
11.4
7.0
68.8
100.0
Average Federal Tax Change
Dollars
Percent
2
10
14
27
44
101
285
553
2,987
13,105
172,378
973
2.0
4.8
2.3
1.9
1.7
2.0
2.7
2.4
4.6
6.6
14.4
7.4
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
-0.1
-0.1
-0.3
-0.3
-1.0
-0.5
-0.1
2.3
0.0
Under the
Proposal
0.0
0.3
0.7
1.1
1.5
5.2
7.3
20.5
17.8
7.8
37.3
100.0
Average Federal Tax Rate 4
Change (%
Points)
0.0
0.1
0.1
0.1
0.1
0.2
0.3
0.4
1.0
1.8
4.9
1.2
Under the
Proposal
1.9
1.4
2.4
3.9
5.6
8.2
12.0
16.5
23.5
29.5
39.1
18.2
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2017 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
1,946
7,750
6,978
4,466
3,470
5,983
4,083
5,294
1,578
220
165
42,388
4.6
18.3
16.5
10.5
8.2
14.1
9.6
12.5
3.7
0.5
0.4
100.0
Pre-Tax Income
Average (dollars)
5,627
16,033
25,695
36,372
46,835
64,169
90,217
141,269
290,351
721,627
3,498,419
78,386
Percent of
Total
0.3
3.7
5.4
4.9
4.9
11.6
11.1
22.5
13.8
4.8
17.3
100.0
Federal Tax Burden
Average (dollars)
104
221
608
1,385
2,564
5,172
10,520
22,788
65,147
199,727
1,195,876
13,251
Percent of
Total
0.0
0.3
0.8
1.1
1.6
5.5
7.7
21.5
18.3
7.8
35.0
100.0
After-Tax Income 3
Average (dollars)
5,523
15,812
25,087
34,987
44,271
58,997
79,697
118,481
225,205
521,900
2,302,543
65,135
Percent of
Total
0.4
4.4
6.3
5.7
5.6
12.8
11.8
22.7
12.9
4.2
13.7
100.0
Average
Federal Tax
Rate 4
1.8
1.4
2.4
3.8
5.5
8.1
11.7
16.1
22.4
27.7
34.2
16.9
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, and estate tax provisions in Secretary Clinton's tax plan. For
details, see TPC's "An Analysis of Hillary Clinton'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) 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.