9-Aug-10
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 T10-0193
Extend Marriage Penalty Relief
Distribution of Federal Tax Change by Cash Income Level, 2012 1
Summary Table
Cash Income Level
(thousands of 2009
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
0.4
4.1
14.6
18.2
21.7
28.2
37.5
71.0
55.7
58.8
69.7
25.8
With Tax
Increase
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent
Change in
After-Tax
Income 4
0.0
0.1
0.2
0.2
0.2
0.2
0.3
0.8
0.3
0.1
0.0
0.3
Share of Total
Federal Tax
Change
0.0
0.6
3.7
3.8
3.3
6.2
10.4
55.9
12.1
2.4
1.5
100.0
Average
Federal Tax
Change ($)
-1
-7
-53
-72
-77
-83
-217
-817
-615
-690
-836
-191
Average Federal Tax Rate 5
Change (%
Points)
0.0
-0.1
-0.2
-0.2
-0.2
-0.1
-0.2
-0.6
-0.2
-0.1
0.0
-0.3
Under the
Proposal
5.4
4.9
9.7
13.8
16.3
18.3
19.9
22.3
25.3
27.7
33.6
22.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
Number of AMT Taxpayers (millions). Baseline: 3.2
Proposal: 4.0
(1) Calendar year. Baseline is current law plus an AMT patch and extension of the 10, 25, and 28 percent tax rates. Proposal would increase the endpoint of the 15percent bracket and the size of the standard deduction for married couples to twice the value of single filers; and would extend the $3,000 increase in the earned income
tax credit plateau for married couples, indexed for inflation after 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.
9-Aug-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0193
Extend Marriage Penalty Relief
Distribution of Federal Tax Change by Cash Income Level, 2012 1
Detail Table
Cash Income Level
(thousands of 2009
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
With Tax Cut
3
With Tax
Increase
0.4
4.1
14.6
18.2
21.7
28.2
37.5
71.0
55.7
58.8
69.7
25.8
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent
Change in
After-Tax
Income 4
0.0
0.1
0.2
0.2
0.2
0.2
0.3
0.8
0.3
0.1
0.0
0.3
Share of Total
Federal Tax
Change
0.0
0.6
3.7
3.8
3.3
6.2
10.4
55.9
12.1
2.4
1.5
100.0
Average Federal Tax Change
Dollars
-1
-7
-53
-72
-77
-83
-217
-817
-615
-690
-836
-191
Percent
-0.2
-1.0
-2.1
-1.4
-1.0
-0.7
-1.2
-2.5
-0.8
-0.4
-0.1
-1.1
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.4
0.1
0.1
0.2
0.0
Under the
Proposal
0.2
0.7
2.0
3.0
3.7
10.1
9.9
24.6
16.8
7.8
21.1
100.0
Average Federal Tax Rate5
Change (%
Points)
0.0
-0.1
-0.2
-0.2
-0.2
-0.1
-0.2
-0.6
-0.2
-0.1
0.0
-0.3
Under the
Proposal
5.4
4.9
9.7
13.8
16.3
18.3
19.9
22.3
25.3
27.7
33.6
22.0
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2012 1
Cash Income Level
(thousands of 2009
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 3
Number
(thousands)
16,958
24,305
21,133
16,074
12,909
22,702
14,431
20,606
5,930
1,048
531
157,348
Percent of
Total
10.8
15.5
13.4
10.2
8.2
14.4
9.2
13.1
3.8
0.7
0.3
100.0
Average
Income
(Dollars)
5,723
15,533
25,808
36,190
46,615
64,099
90,195
141,257
296,062
704,969
3,114,004
76,169
Average
Federal Tax
Burden
(Dollars)
309
763
2,565
5,062
7,655
11,782
18,206
32,311
75,395
195,729
1,048,207
16,946
Average AfterTax Income 4
(Dollars)
5,414
14,771
23,243
31,128
38,960
52,317
71,989
108,946
220,667
509,241
2,065,798
59,223
Average
Federal Tax
Rate 5
5.4
4.9
9.9
14.0
16.4
18.4
20.2
22.9
25.5
27.8
33.7
22.3
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.8
3.2
4.6
4.9
5.0
12.1
10.9
24.3
14.7
6.2
13.8
100.0
1.0
3.9
5.3
5.4
5.4
12.8
11.2
24.1
14.0
5.7
11.8
100.0
0.2
0.7
2.0
3.1
3.7
10.0
9.9
25.0
16.8
7.7
20.9
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
Number of AMT Taxpayers (millions). Baseline: 3.2
Proposal: 4.0
(1) Calendar year. Baseline is current law plus an AMT patch and extension of the 10, 25, and 28 percent tax rates. Proposal would increase the endpoint of the 15-percent bracket and the size of the standard deduction for
married couples to twice the value of single filers; and would extend the $3,000 increase in the earned income tax credit plateau for married couples, indexed for inflation after 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.
9-Aug-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0193
Extend Marriage Penalty Relief
Distribution of Federal Tax Change by Cash Income Level, 2012
Detail Table - Single Tax Units
Cash Income Level
(thousands of 2009
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
With Tax Cut
3
With Tax
Increase
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent
Change in
After-Tax
4
Income
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
0
0
0
0
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Under the
Proposal
0.9
2.9
5.8
7.2
8.3
18.4
11.8
17.9
9.9
4.5
12.2
100.0
Average Federal Tax Rate
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
5
Under the
Proposal
8.5
8.5
13.5
17.6
19.8
22.1
24.4
25.6
27.8
31.1
36.6
22.0
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2012 1
Cash Income Level
(thousands of 2009
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
12,161
14,889
11,204
7,555
6,018
8,766
3,599
3,384
787
138
75
68,932
17.6
21.6
16.3
11.0
8.7
12.7
5.2
4.9
1.1
0.2
0.1
100.0
Average
Income
(Dollars)
5,710
15,384
25,667
36,120
46,555
63,234
89,193
137,406
300,163
697,814
2,972,435
43,878
Average
Federal Tax
Burden
(Dollars)
484
1,301
3,460
6,356
9,204
13,948
21,755
35,105
83,543
217,242
1,086,595
9,639
Average After4
Tax Income
(Dollars)
5,227
14,083
22,208
29,764
37,351
49,286
67,439
102,300
216,620
480,571
1,885,840
34,238
Average
Federal Tax
Rate 5
8.5
8.5
13.5
17.6
19.8
22.1
24.4
25.6
27.8
31.1
36.6
22.0
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.3
7.6
9.5
9.0
9.3
18.3
10.6
15.4
7.8
3.2
7.3
100.0
2.7
8.9
10.5
9.5
9.5
18.3
10.3
14.7
7.2
2.8
6.0
100.0
0.9
2.9
5.8
7.2
8.3
18.4
11.8
17.9
9.9
4.5
12.2
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
(1) Calendar year. Baseline is current law plus an AMT patch and extension of the 10, 25, and 28 percent tax rates. Proposal would increase the endpoint of the 15-percent bracket and the size of the standard deduction for
married couples to twice the value of single filers; and would extend the $3,000 increase in the earned income tax credit plateau for married couples, indexed for inflation after 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.
9-Aug-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0193
Extend Marriage Penalty Relief
Distribution of Federal Tax Change by Cash Income Level, 2012
Detail Table - Married Tax Units Filing Jointly
Cash Income Level
(thousands of 2009
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
With Tax Cut
3
With Tax
Increase
2.6
19.0
57.9
60.9
62.5
60.7
56.3
89.8
66.3
69.6
83.2
63.3
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent
Change in
After-Tax
4
Income
0.1
0.2
0.9
0.8
0.5
0.3
0.4
0.9
0.3
0.2
0.1
0.5
Share of Total
Federal Tax
Change
0.0
0.5
3.7
3.8
3.1
5.5
10.1
57.0
12.3
2.4
1.5
100.0
Average Federal Tax Change
Dollars
Percent
-5
-38
-222
-255
-223
-164
-325
-1,036
-735
-820
-1,008
-480
-2.0
-6.9
-13.0
-7.4
-4.0
-1.7
-2.0
-3.3
-1.0
-0.4
-0.1
-1.6
1
Share of Federal Taxes
Change (%
Points)
0.0
0.0
-0.1
-0.1
0.0
0.0
0.0
-0.5
0.1
0.1
0.4
0.0
Under the
Proposal
0.0
0.1
0.4
0.8
1.2
5.4
8.5
28.2
20.5
9.5
25.1
100.0
Average Federal Tax Rate
Change (%
Points)
-0.1
-0.2
-0.9
-0.7
-0.5
-0.3
-0.4
-0.7
-0.3
-0.1
0.0
-0.4
5
Under the
Proposal
5.2
3.2
5.8
8.8
11.4
14.9
18.0
21.6
24.8
27.1
33.1
22.8
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2012 1
Cash Income Level
(thousands of 2009
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
2,172
4,097
4,842
4,391
4,095
9,883
9,149
16,193
4,941
876
435
61,357
3.5
6.7
7.9
7.2
6.7
16.1
14.9
26.4
8.1
1.4
0.7
100.0
Average
Income
(Dollars)
4,766
16,031
25,959
36,302
46,760
65,241
90,792
142,545
295,420
706,519
3,075,014
126,020
Average
Federal Tax
Burden
(Dollars)
251
546
1,716
3,444
5,536
9,865
16,662
31,786
74,082
192,531
1,019,314
29,244
Average After4
Tax Income
(Dollars)
4,516
15,484
24,244
32,858
41,224
55,376
74,130
110,759
221,338
513,987
2,055,700
96,776
Average
Federal Tax
Rate 5
5.3
3.4
6.6
9.5
11.8
15.1
18.4
22.3
25.1
27.3
33.2
23.2
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.1
0.9
1.6
2.1
2.5
8.3
10.7
29.9
18.9
8.0
17.3
100.0
0.2
1.1
2.0
2.4
2.8
9.2
11.4
30.2
18.4
7.6
15.1
100.0
0.0
0.1
0.5
0.8
1.3
5.4
8.5
28.7
20.4
9.4
24.7
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
(1) Calendar year. Baseline is current law plus an AMT patch and extension of the 10, 25, and 28 percent tax rates. Proposal would increase the endpoint of the 15-percent bracket and the size of the standard deduction for
married couples to twice the value of single filers; and would extend the $3,000 increase in the earned income tax credit plateau for married couples, indexed for inflation after 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.
9-Aug-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0193
Extend Marriage Penalty Relief
Distribution of Federal Tax Change by Cash Income Level, 2012
Detail Table - Head of Household Tax Units
Cash Income Level
(thousands of 2009
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
With Tax Cut
3
With Tax
Increase
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent
Change in
After-Tax
4
Income
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
0
0
0
0
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Under the
Proposal
-0.8
-2.4
3.7
10.2
11.4
26.5
16.8
17.6
7.1
2.8
7.2
100.0
Average Federal Tax Rate
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
5
Under the
Proposal
-7.7
-4.8
4.5
11.5
15.3
18.2
20.8
23.1
24.7
26.1
34.0
15.0
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2012 1
Cash Income Level
(thousands of 2009
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
2,483
5,029
4,757
3,767
2,449
3,559
1,389
877
150
24
11
24,547
10.1
20.5
19.4
15.4
10.0
14.5
5.7
3.6
0.6
0.1
0.0
100.0
Average
Income
(Dollars)
6,647
15,579
25,971
36,157
46,569
63,082
89,214
132,993
294,130
686,382
2,985,055
41,760
Average
Federal Tax
Burden
(Dollars)
-514
-745
1,180
4,158
7,126
11,448
18,575
30,738
72,554
179,209
1,015,138
6,253
Average After4
Tax Income
(Dollars)
7,161
16,325
24,791
31,999
39,444
51,634
70,639
102,256
221,576
507,172
1,969,917
35,507
Average
Federal Tax
Rate 5
-7.7
-4.8
4.5
11.5
15.3
18.2
20.8
23.1
24.7
26.1
34.0
15.0
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
1.6
7.6
12.1
13.3
11.1
21.9
12.1
11.4
4.3
1.6
3.2
100.0
2.0
9.4
13.5
13.8
11.1
21.1
11.3
10.3
3.8
1.4
2.5
100.0
-0.8
-2.4
3.7
10.2
11.4
26.5
16.8
17.6
7.1
2.8
7.2
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
(1) Calendar year. Baseline is current law plus an AMT patch and extension of the 10, 25, and 28 percent tax rates. Proposal would increase the endpoint of the 15-percent bracket and the size of the standard deduction for
married couples to twice the value of single filers; and would extend the $3,000 increase in the earned income tax credit plateau for married couples, indexed for inflation after 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.
9-Aug-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0193
Extend Marriage Penalty Relief
Distribution of Federal Tax Change by Cash Income Level, 2012 1
Detail Table - Tax Units with Children
Cash Income Level
(thousands of 2009
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
With Tax Cut
3
With Tax
Increase
0.4
5.7
24.0
30.0
36.6
35.0
36.4
79.7
54.5
69.7
84.0
38.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent
Change in
After-Tax
Income 4
0.0
0.1
0.6
0.6
0.4
0.2
0.2
0.8
0.3
0.2
0.1
0.4
Share of Total
Federal Tax
Change
0.0
0.6
5.6
6.0
4.4
5.2
7.0
56.5
10.8
2.5
1.4
100.0
Average Federal Tax Change
Dollars
Percent
-2
-15
-142
-179
-166
-103
-174
-881
-569
-810
-1,005
-296
0.3
1.2
-19.2
-4.7
-2.4
-0.9
-1.0
-2.8
-0.8
-0.4
-0.1
-1.4
Share of Federal Taxes
Change (%
Points)
0.0
0.0
-0.1
-0.1
0.0
0.0
0.0
-0.4
0.1
0.1
0.3
0.0
Under the
Proposal
-0.2
-0.7
0.3
1.8
2.5
7.9
9.9
28.2
20.0
8.7
21.5
100.0
Average Federal Tax Rate5
Change (%
Points)
0.0
-0.1
-0.6
-0.5
-0.4
-0.2
-0.2
-0.6
-0.2
-0.1
0.0
-0.3
Under the
Proposal
-11.3
-8.3
2.3
10.2
14.3
17.1
19.2
21.9
25.4
28.8
34.5
21.9
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2012 1
Cash Income Level
(thousands of 2009
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 3
Number
(thousands)
Percent of
Total
2,968
5,639
5,683
4,891
3,849
7,425
5,841
9,319
2,750
441
206
49,155
6.0
11.5
11.6
10.0
7.8
15.1
11.9
19.0
5.6
0.9
0.4
100.0
Average
Income
(Dollars)
6,252
15,769
25,918
36,161
46,701
64,368
90,740
142,137
293,742
705,334
3,105,769
95,419
Average
Federal Tax
Burden
(Dollars)
-706
-1,291
741
3,852
6,821
11,078
17,612
32,002
75,060
203,754
1,071,722
21,192
Average AfterTax Income 4
(Dollars)
6,958
17,060
25,177
32,309
39,879
53,290
73,128
110,136
218,682
501,580
2,034,047
74,227
Average
Federal Tax
Rate 5
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-11.3
-8.2
2.9
10.7
14.6
17.2
19.4
22.5
25.6
28.9
34.5
22.2
0.4
1.9
3.1
3.8
3.8
10.2
11.3
28.2
17.2
6.6
13.7
100.0
0.6
2.6
3.9
4.3
4.2
10.8
11.7
28.1
16.5
6.1
11.5
100.0
-0.2
-0.7
0.4
1.8
2.5
7.9
9.9
28.6
19.8
8.6
21.2
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
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 plus an AMT patch and extension of the 10, 25, and 28 percent tax rates. Proposal would increase the endpoint of the 15-percent bracket and the size of the standard deduction for
married couples to twice the value of single filers; and would extend the $3,000 increase in the earned income tax credit plateau for married couples, indexed for inflation after 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.
9-Aug-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0193
Extend Marriage Penalty Relief
Distribution of Federal Tax Change by Cash Income Level, 2012 1
Detail Table - Elderly Tax Units
Cash Income Level
(thousands of 2009
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
With Tax Cut
3
With Tax
Increase
0.2
1.4
13.5
18.0
18.9
38.9
47.7
65.5
59.0
45.8
57.5
24.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent
Change in
After-Tax
Income 4
0.0
0.0
0.1
0.1
0.1
0.2
0.3
0.7
0.3
0.1
0.0
0.3
Share of Total
Federal Tax
Change
0.0
0.2
2.8
2.3
1.9
9.2
13.0
49.4
16.5
2.8
1.9
100.0
Average Federal Tax Change
Dollars
0
-2
-27
-37
-42
-101
-252
-805
-710
-549
-694
-159
Percent
-0.1
-0.4
-2.3
-1.7
-1.2
-1.4
-1.9
-2.9
-0.9
-0.3
-0.1
-1.1
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
-0.3
0.0
0.1
0.3
0.0
Under the
Proposal
0.1
0.6
1.4
1.5
1.8
7.0
7.3
18.6
19.2
10.8
31.7
100.0
Average Federal Tax Rate5
Change (%
Points)
0.0
0.0
-0.1
-0.1
-0.1
-0.2
-0.3
-0.6
-0.2
-0.1
0.0
-0.2
Under the
Proposal
3.2
2.6
4.6
6.1
7.6
10.9
14.3
19.3
24.7
27.3
34.2
19.0
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2012 1
Cash Income Level
(thousands of 2009
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 3
Number
(thousands)
Percent of
Total
2,305
6,471
5,084
2,999
2,259
4,405
2,504
2,986
1,128
245
132
30,543
7.6
21.2
16.7
9.8
7.4
14.4
8.2
9.8
3.7
0.8
0.4
100.0
Average
Income
(Dollars)
6,366
15,655
25,560
36,054
46,537
64,489
89,136
141,589
304,121
709,954
3,095,895
75,737
Average
Federal Tax
Burden
(Dollars)
201
407
1,198
2,229
3,598
7,099
13,030
28,188
75,664
194,124
1,057,939
14,571
Average AfterTax Income 4
(Dollars)
6,166
15,247
24,362
33,826
42,939
57,391
76,105
113,402
228,458
515,830
2,037,956
61,166
Average
Federal Tax
Rate 5
3.2
2.6
4.7
6.2
7.7
11.0
14.6
19.9
24.9
27.3
34.2
19.2
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.6
4.4
5.6
4.7
4.5
12.3
9.7
18.3
14.8
7.5
17.7
100.0
0.8
5.3
6.6
5.4
5.2
13.5
10.2
18.1
13.8
6.8
14.4
100.0
0.1
0.6
1.4
1.5
1.8
7.0
7.3
18.9
19.2
10.7
31.4
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
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 plus an AMT patch and extension of the 10, 25, and 28 percent tax rates. Proposal would increase the endpoint of the 15-percent bracket and the size of the standard deduction for
married couples to twice the value of single filers; and would extend the $3,000 increase in the earned income tax credit plateau for married couples, indexed for inflation after 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.