2-Jul-08
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 T08-0150
Individual Income and Estate Tax Provisions in the 2001-08 Tax Cuts
1
Distribution of Federal Tax Change by Cash Income Level, 2010
Summary Table
Cash Income Level
(thousands of 2008
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 of Tax Units 3
With Tax Cut
1.9
43.5
78.7
89.4
93.6
96.2
95.8
93.8
91.3
98.8
99.4
73.4
With Tax
Increase
0.5
0.5
0.4
0.2
0.2
0.2
0.2
0.1
0.1
0.0
0.0
0.3
Percent
Change in
After-Tax
Income 4
0.1
0.9
2.5
2.7
2.4
2.5
2.5
2.4
2.4
5.3
7.7
3.2
Share of Total
Federal Tax
Change
0.0
1.1
3.8
4.1
3.7
9.6
8.5
17.7
10.7
9.3
31.3
100.0
Average
Federal Tax
Change ($)
-5
-138
-565
-817
-931
-1,293
-1,751
-2,511
-5,276
-26,510
-167,807
-1,934
Average Federal Tax Rate
Change (%
Points)
-0.1
-0.9
-2.2
-2.3
-2.0
-2.0
-1.9
-1.8
-1.8
-3.7
-5.1
-2.5
5
Under the
Proposal
5.2
4.6
9.2
13.3
16.1
18.1
20.0
23.0
25.8
25.7
28.5
21.6
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
18.2
Proposal:
33.4
(1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004,
TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(4) After-tax income is cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); and
estate tax.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, and the estate tax) as a percentage of average
cash income.
2-Jul-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0150
Individual Income and Estate Tax Provisions in 2001-08 Tax Cuts
Distribution of Federal Tax Change by Cash Income Level, 2010 1
Detail Table
Cash Income Level
(thousands of 2008
2
dollars)
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 of Tax Units 3
With Tax Cut
With Tax
Increase
1.9
43.5
78.7
89.4
93.6
96.2
95.8
93.8
91.3
98.8
99.4
73.4
0.5
0.5
0.4
0.2
0.2
0.2
0.2
0.1
0.1
0.0
0.0
0.3
Percent
Change in
After-Tax
4
Income
0.1
0.9
2.5
2.7
2.4
2.5
2.5
2.4
2.4
5.3
7.7
3.2
Share of Total
Federal Tax
Change
0.0
1.1
3.8
4.1
3.7
9.6
8.5
17.7
10.7
9.3
31.3
100.0
Average Federal Tax Change
Dollars
-5
-138
-565
-817
-931
-1,293
-1,751
-2,511
-5,276
-26,510
-167,807
-1,934
Percent
-1.8
-16.2
-19.1
-14.4
-11.0
-10.0
-8.8
-7.2
-6.4
-12.7
-15.3
-10.2
Share of Federal Taxes
Change (%
Points)
0.0
-0.1
-0.2
-0.1
0.0
0.0
0.2
0.9
0.7
-0.2
-1.2
0.0
Under the
Proposal
0.2
0.7
1.8
2.8
3.4
9.9
10.0
26.2
17.9
7.3
19.8
100.0
5
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
-0.1
-0.9
-2.2
-2.3
-2.0
-2.0
-1.9
-1.8
-1.8
-3.7
-5.1
-2.5
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2010 1
Cash Income Level
(thousands of 2008
2
dollars)
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 3
Number
(thousands)
16,869
24,210
19,551
14,651
11,772
21,849
14,261
20,780
5,991
1,037
549
152,206
Percent of
Total
11.1
15.9
12.9
9.6
7.7
14.4
9.4
13.7
3.9
0.7
0.4
100.0
Average
Income
(Dollars)
5,791
15,525
25,891
36,328
46,879
64,443
90,653
141,322
298,058
709,945
3,271,258
78,753
Average
Federal Tax
Burden
(Dollars)
304
851
2,956
5,663
8,460
12,965
19,849
35,041
82,257
209,164
1,100,278
18,905
Average After4
Tax Income
(Dollars)
5,487
14,674
22,935
30,664
38,419
51,478
70,805
106,281
215,800
500,781
2,170,979
59,848
Average
Federal Tax
5
Rate
5.3
5.5
11.4
15.6
18.1
20.1
21.9
24.8
27.6
29.5
33.6
24.0
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.8
3.1
4.2
4.4
4.6
11.8
10.8
24.5
14.9
6.1
15.0
100.0
1.0
3.9
4.9
4.9
5.0
12.4
11.1
24.2
14.2
5.7
13.1
100.0
0.2
0.7
2.0
2.9
3.5
9.8
9.8
25.3
17.1
7.5
21.0
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
18.2
Proposal:
33.4
1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004, TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(4) After-tax income is cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); and estate tax.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, and the estate tax) as a percentage of average cash income.
5.2
4.6
9.2
13.3
16.1
18.1
20.0
23.0
25.8
25.7
28.5
21.6
2-Jul-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0150
Individual Income and Estate Tax Provisions in 2001-08 Tax Cuts
Distribution of Federal Tax Change by Cash Income Level, 2010 1
Detail Table - Single Tax Units
Cash Income Level
(thousands of 2008
2
dollars)
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 of Tax Units 3
With Tax Cut
With Tax
Increase
1.7
47.5
78.3
93.9
97.6
97.1
96.4
94.5
95.6
97.0
99.2
64.1
0.3
0.5
0.3
0.1
0.0
0.1
0.1
0.0
0.1
0.0
0.0
0.2
Percent
Change in
After-Tax
4
Income
0.1
0.9
1.8
1.7
1.6
2.5
3.2
4.0
7.0
10.4
13.6
3.7
Share of Total
Federal Tax
Change
0.0
2.3
4.8
4.1
4.1
12.5
9.1
15.6
14.2
8.5
24.8
100.0
Average Federal Tax Change
Dollars
-3
-125
-386
-495
-606
-1,198
-2,106
-3,961
-14,828
-50,252
-275,229
-1,228
Percent
-0.6
-9.1
-9.6
-7.0
-6.2
-8.0
-9.0
-10.6
-16.6
-22.5
-23.0
-11.9
Share of Federal Taxes
Change (%
Points)
0.1
0.1
0.2
0.4
0.5
0.8
0.4
0.3
-0.5
-0.5
-1.6
0.0
Under the
Proposal
0.9
3.1
6.0
7.3
8.3
19.3
12.3
17.8
9.6
3.9
11.2
100.0
5
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
0.0
-0.8
-1.5
-1.4
-1.3
-1.9
-2.4
-2.9
-4.9
-7.1
-8.5
-2.8
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2010 1
Cash Income Level
(thousands of 2008
2
dollars)
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 3
Number
(thousands)
Percent of
Total
12,329
15,065
9,973
6,679
5,440
8,438
3,482
3,187
775
137
73
65,926
18.7
22.9
15.1
10.1
8.3
12.8
5.3
4.8
1.2
0.2
0.1
100.0
Average
Income
(Dollars)
5,808
15,372
25,806
36,304
46,834
63,483
89,596
136,971
301,048
706,590
3,221,367
43,953
Average
Federal Tax
Burden
(Dollars)
443
1,378
4,032
7,042
9,828
14,991
23,399
37,545
89,599
223,668
1,199,047
10,357
Average After4
Tax Income
(Dollars)
5,365
13,994
21,774
29,262
37,006
48,492
66,197
99,426
211,449
482,922
2,022,320
33,597
Average
Federal Tax
5
Rate
7.6
9.0
15.6
19.4
21.0
23.6
26.1
27.4
29.8
31.7
37.2
23.6
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.5
8.0
8.9
8.4
8.8
18.5
10.8
15.1
8.1
3.3
8.1
100.0
3.0
9.5
9.8
8.8
9.1
18.5
10.4
14.3
7.4
3.0
6.7
100.0
0.8
3.0
5.9
6.9
7.8
18.5
11.9
17.5
10.2
4.5
12.8
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
18.2
Proposal:
33.4
1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004, TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(4) After-tax income is cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); and estate tax.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, and the estate tax) as a percentage of average cash income.
7.6
8.2
14.1
18.0
19.7
21.7
23.8
24.5
24.8
24.5
28.7
20.8
2-Jul-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0150
Individual Income and Estate Tax Provisions in 2001-08 Tax Cuts
Distribution of Federal Tax Change by Cash Income Level, 2010 1
Detail Table - Married Tax Units Filing Jointly
Cash Income Level
(thousands of 2008
2
dollars)
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 of Tax Units 3
With Tax Cut
With Tax
Increase
4.1
31.2
68.4
76.3
84.8
96.5
97.0
95.0
90.9
99.1
99.5
83.8
2.1
0.8
0.5
0.3
0.3
0.1
0.3
0.1
0.0
0.0
0.0
0.3
Percent
Change in
After-Tax
4
Income
0.4
0.9
2.9
3.4
3.2
2.7
2.4
2.2
1.8
4.6
6.9
3.2
Share of Total
Federal Tax
Change
0.0
0.3
1.7
2.4
2.5
7.4
8.5
20.5
10.2
10.6
36.0
100.0
Average Federal Tax Change
Dollars
-21
-140
-691
-1,100
-1,287
-1,466
-1,736
-2,321
-3,800
-22,906
-148,566
-3,126
Percent
-7.1
-23.0
-35.2
-27.1
-19.4
-13.1
-9.5
-6.7
-4.7
-11.1
-14.0
-9.5
Share of Federal Taxes
Change (%
Points)
0.0
0.0
-0.1
-0.2
-0.1
-0.2
0.0
0.9
1.1
-0.2
-1.2
0.0
Under the
Proposal
0.0
0.1
0.3
0.7
1.1
5.2
8.5
30.0
21.8
8.9
23.3
100.0
5
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
-0.4
-0.9
-2.7
-3.0
-2.7
-2.2
-1.9
-1.6
-1.3
-3.2
-4.6
-2.4
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2010 1
Cash Income Level
(thousands of 2008
2
dollars)
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 3
Number
(thousands)
Percent of
Total
2,074
3,858
4,668
4,033
3,611
9,428
9,159
16,573
5,019
866
454
60,003
3.5
6.4
7.8
6.7
6.0
15.7
15.3
27.6
8.4
1.4
0.8
100.0
Average
Income
(Dollars)
4,959
16,077
25,882
36,342
47,049
65,728
91,242
142,634
297,518
710,981
3,218,936
131,312
Average
Federal Tax
Burden
(Dollars)
289
609
1,963
4,059
6,618
11,205
18,315
34,618
81,143
207,132
1,064,804
32,861
Average After4
Tax Income
(Dollars)
4,669
15,468
23,919
32,283
40,432
54,523
72,926
108,016
216,375
503,849
2,154,133
98,451
Average
Federal Tax
5
Rate
5.8
3.8
7.6
11.2
14.1
17.1
20.1
24.3
27.3
29.1
33.1
25.0
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.1
0.8
1.5
1.9
2.2
7.9
10.6
30.0
19.0
7.8
18.6
100.0
0.2
1.0
1.9
2.2
2.5
8.7
11.3
30.3
18.4
7.4
16.6
100.0
0.0
0.1
0.5
0.8
1.2
5.4
8.5
29.1
20.7
9.1
24.5
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
18.2
Proposal:
33.4
1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004, TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(4) After-tax income is cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); and estate tax.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, and the estate tax) as a percentage of average cash income.
5.4
2.9
4.9
8.1
11.3
14.8
18.2
22.6
26.0
25.9
28.5
22.6
2-Jul-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0150
Individual Income and Estate Tax Provisions in 2001-08 Tax Cuts
Distribution of Federal Tax Change by Cash Income Level, 2010 1
Detail Table - Head of Household Tax Units
Cash Income Level
(thousands of 2008
2
dollars)
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 of Tax Units 3
With Tax Cut
With Tax
Increase
0.7
38.7
88.6
95.3
97.5
94.4
89.2
73.4
84.2
97.3
98.9
71.6
0.2
0.3
0.7
0.2
0.2
0.5
0.3
0.0
0.0
0.0
0.0
0.4
Percent
Change in
After-Tax
4
Income
0.1
1.0
3.4
3.5
3.0
2.2
1.6
1.0
2.2
4.4
7.4
2.5
Share of Total
Federal Tax
Change
0.1
4.0
18.3
19.5
13.4
18.4
7.3
4.4
3.5
2.4
8.8
100.0
Average Federal Tax Change
Dollars
-7
-163
-823
-1,113
-1,164
-1,094
-1,107
-1,042
-4,856
-21,713
-154,850
-865
Percent
1.5
25.0
-56.2
-23.6
-14.8
-8.8
-5.4
-3.1
-6.1
-11.3
-14.7
-12.4
Share of Federal Taxes
Change (%
Points)
-0.1
-0.8
-2.0
-1.3
-0.3
1.1
1.3
1.8
0.5
0.0
-0.2
0.0
Under the
Proposal
-0.7
-2.8
2.0
8.9
10.9
27.1
18.0
19.1
7.5
2.7
7.2
100.0
5
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
-0.1
-1.1
-3.2
-3.1
-2.5
-1.7
-1.2
-0.8
-1.6
-3.2
-4.9
-2.1
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2010 1
Cash Income Level
(thousands of 2008
2
dollars)
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 3
Number
(thousands)
Percent of
Total
2,322
4,998
4,576
3,596
2,360
3,458
1,350
861
146
23
12
23,751
9.8
21.0
19.3
15.1
9.9
14.6
5.7
3.6
0.6
0.1
0.1
100.0
Average
Income
(Dollars)
6,457
15,560
26,059
36,319
46,775
63,384
89,702
133,083
299,845
688,183
3,150,036
42,212
Average
Federal Tax
Burden
(Dollars)
-443
-651
1,464
4,720
7,845
12,463
20,480
33,299
79,890
192,740
1,054,382
6,981
Average After4
Tax Income
(Dollars)
6,900
16,211
24,595
31,598
38,930
50,921
69,222
99,785
219,956
495,443
2,095,653
35,231
Average
Federal Tax
5
Rate
-6.9
-4.2
5.6
13.0
16.8
19.7
22.8
25.0
26.6
28.0
33.5
16.5
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
1.5
7.8
11.9
13.0
11.0
21.9
12.1
11.4
4.4
1.6
3.7
100.0
1.9
9.7
13.5
13.6
11.0
21.0
11.2
10.3
3.8
1.4
2.9
100.0
-0.6
-2.0
4.0
10.2
11.2
26.0
16.7
17.3
7.0
2.7
7.4
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
18.2
Proposal:
33.4
1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004, TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(4) After-tax income is cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); and estate tax.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, and the estate tax) as a percentage of average cash income.
-7.0
-5.2
2.5
9.9
14.3
17.9
21.6
24.2
25.0
24.9
28.6
14.5
2-Jul-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0150
Individual Income and Estate Tax Provisions in 2001-08 Tax Cuts
1
Distribution of Federal Tax Change by Cash Income Level, 2010
Detail Table - Tax Units with Children
Cash Income Level
(thousands of 2008
2
dollars)
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 of Tax Units 3
With Tax Cut
With Tax
Increase
1.4
43.0
90.7
96.7
97.9
97.7
95.6
91.8
87.5
99.1
99.6
83.3
0.9
0.8
0.5
0.2
0.1
0.2
0.4
0.0
0.1
0.0
0.0
0.3
Percent
Change in
After-Tax
4
Income
0.3
1.3
4.3
4.5
3.9
3.1
2.5
1.8
1.4
4.8
7.0
3.1
Share of Total
Federal Tax
Change
0.0
1.1
5.3
6.0
5.1
10.5
8.9
15.8
7.7
9.7
29.7
100.0
Average Federal Tax Change
Dollars
-17
-221
-1,067
-1,435
-1,540
-1,603
-1,762
-1,878
-3,078
-23,754
-150,212
-2,331
Percent
2.7
18.7
-104.7
-32.8
-20.3
-13.3
-9.1
-5.4
-3.8
-11.1
-13.6
-9.8
Share of Federal Taxes
Change (%
Points)
0.0
-0.2
-0.5
-0.5
-0.3
-0.3
0.1
1.4
1.3
-0.1
-0.9
0.0
Under the
Proposal
-0.2
-0.7
0.0
1.3
2.2
7.4
9.6
30.1
21.4
8.5
20.3
100.0
5
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
-0.3
-1.4
-4.1
-4.0
-3.3
-2.5
-1.9
-1.3
-1.0
-3.4
-4.6
-2.3
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2010
Cash Income Level
(thousands of 2008
2
dollars)
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 3
Number
(thousands)
Percent of
Total
2,622
5,438
5,576
4,721
3,754
7,400
5,710
9,472
2,828
461
223
48,340
5.4
11.3
11.5
9.8
7.8
15.3
11.8
19.6
5.9
1.0
0.5
100.0
Average
Income
(Dollars)
6,059
15,808
25,990
36,356
46,865
64,701
91,138
142,281
295,238
707,684
3,240,318
99,549
Average
Federal Tax
Burden
(Dollars)
-649
-1,186
1,020
4,370
7,590
12,076
19,356
35,015
81,826
214,684
1,102,591
23,900
Average After4
Tax Income
(Dollars)
6,708
16,993
24,970
31,986
39,275
52,624
71,782
107,266
213,412
492,999
2,137,727
75,649
Average
Federal Tax
5
Rate
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-10.7
-7.5
3.9
12.0
16.2
18.7
21.2
24.6
27.7
30.3
34.0
24.0
0.3
1.8
3.0
3.6
3.7
10.0
10.8
28.0
17.4
6.8
15.0
100.0
0.5
2.5
3.8
4.1
4.0
10.7
11.2
27.8
16.5
6.2
13.0
100.0
-0.2
-0.6
0.5
1.8
2.5
7.7
9.6
28.7
20.0
8.6
21.3
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
18.2
Proposal:
33.4
Note: Tax units with children are those claiming an exemption for children at home or away from home.
1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004, TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(4) After-tax income is cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); and estate tax.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, and the estate tax) as a percentage of average cash income.
-11.0
-8.9
-0.2
8.1
12.9
16.2
19.3
23.3
26.7
27.0
29.4
21.7
2-Jul-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0150
Individual Income and Estate Tax Provisions in 2001-08 Tax Cuts
1
Distribution of Federal Tax Change by Cash Income Level, 2010
Detail Table - Elderly Tax Units
Cash Income Level
(thousands of 2008
2
dollars)
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 of Tax Units 3
With Tax Cut
With Tax
Increase
0.5
14.1
43.3
56.7
70.6
93.1
96.9
97.0
95.8
99.0
99.5
56.0
0.2
0.1
0.1
0.1
0.0
0.1
0.2
0.1
0.0
0.0
0.0
0.1
Percent
Change in
After-Tax
4
Income
0.2
0.3
1.0
1.4
1.8
2.9
3.0
3.7
5.2
7.4
10.2
4.5
Share of Total
Federal Tax
Change
0.0
0.4
1.2
1.3
1.6
8.2
7.3
16.9
16.6
10.7
35.8
100.0
Average Federal Tax Change
Dollars
-11
-45
-233
-458
-757
-1,614
-2,234
-4,093
-11,615
-37,226
-216,462
-2,775
Percent
-5.7
-10.4
-15.7
-17.8
-17.6
-17.8
-14.6
-13.6
-14.4
-17.7
-19.7
-16.5
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
-0.1
0.2
0.7
0.5
-0.1
-1.1
0.0
Under the
Proposal
0.1
0.6
1.3
1.2
1.4
7.4
8.4
21.2
19.6
9.8
28.8
100.0
5
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
-0.2
-0.3
-0.9
-1.3
-1.6
-2.5
-2.5
-2.9
-3.8
-5.2
-6.7
-3.5
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2010
Cash Income Level
(thousands of 2008
2
dollars)
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 3
Number
(thousands)
Percent of
Total
2,624
6,801
4,213
2,230
1,665
4,090
2,642
3,340
1,159
232
134
29,149
9.0
23.3
14.5
7.7
5.7
14.0
9.1
11.5
4.0
0.8
0.5
100.0
Average
Income
(Dollars)
6,599
15,491
25,543
36,101
47,123
64,954
90,263
140,671
303,912
713,164
3,222,371
79,238
Average
Federal Tax
Burden
(Dollars)
188
427
1,485
2,580
4,307
9,058
15,270
30,040
80,907
210,201
1,099,335
16,813
Average After4
Tax Income
(Dollars)
6,410
15,063
24,058
33,521
42,816
55,897
74,993
110,631
223,005
502,963
2,123,036
62,425
Average
Federal Tax
5
Rate
2.9
2.8
5.8
7.2
9.1
13.9
16.9
21.4
26.6
29.5
34.1
21.2
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.8
4.6
4.7
3.5
3.4
11.5
10.3
20.3
15.3
7.2
18.6
100.0
0.9
5.6
5.6
4.1
3.9
12.6
10.9
20.3
14.2
6.4
15.6
100.0
0.1
0.6
1.3
1.2
1.5
7.6
8.2
20.5
19.1
10.0
30.0
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
18.2
Proposal:
33.4
Note: Elderly tax units are those with either head or spouse (if filing jointly) age 65 or older.
1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004, TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(4) After-tax income is cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); and estate tax.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, and the estate tax) as a percentage of average cash income.
2.7
2.5
4.9
5.9
7.5
11.5
14.4
18.4
22.8
24.3
27.4
17.7