8-Jul-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 T10-0132
Extend the 2001 and 2003 Tax Cuts and Permanently Extend AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 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
1.3
44.2
74.8
86.4
90.7
96.1
98.7
99.1
99.4
98.7
99.3
71.5
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
4
Income
0.1
0.9
2.2
2.4
2.2
2.3
2.8
3.5
3.4
3.8
6.2
3.2
Share of Total
Federal Tax
Change
0.0
1.3
3.7
4.2
3.8
8.8
10.4
25.7
14.3
6.8
20.9
100.0
Average
Federal Tax
Change ($)
-5
-137
-503
-719
-836
-1,180
-1,936
-3,810
-7,484
-19,495
-128,832
-1,765
Average Federal Tax Rate5
Change (%
Points)
-0.1
-0.9
-2.0
-2.0
-1.8
-1.8
-2.2
-2.6
-2.5
-2.7
-4.1
-2.5
Under the
Proposal
4.6
4.7
9.0
13.1
15.4
17.5
19.4
21.9
24.7
25.6
29.6
20.6
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
Number of AMT Taxpayers (millions). Baseline: 17.1
Proposal: 4.6
(1) Calendar year. Baseline is current law. Proposal is current policy, which extends the 2009 AMT patch and indexes the AMT exemption, rate bracket thresholds
and exemption thresholds for inflation; and makes the 2001 and 2003 individual income tax cuts permanent -- however, the estate tax in the proposal is kept the same
as under current law.
(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.
8-Jul-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0132
Current Policy (with Estate Tax remaining as under Current Law)
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 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 3
With Tax Cut
With Tax
Increase
1.3
44.2
74.8
86.4
90.7
96.1
98.7
99.1
99.4
98.7
99.3
71.5
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
0.1
0.9
2.2
2.4
2.2
2.3
2.8
3.5
3.4
3.8
6.2
3.2
Share of Total
Federal Tax
Change
0.0
1.3
3.7
4.2
3.8
8.8
10.4
25.7
14.3
6.8
20.9
100.0
Average Federal Tax Change
Dollars
-5
-137
-503
-719
-836
-1,180
-1,936
-3,810
-7,484
-19,495
-128,832
-1,765
Percent
-1.8
-15.9
-17.9
-13.2
-10.5
-9.5
-10.1
-10.7
-9.0
-9.7
-12.3
-10.7
Share of Federal Taxes
Change (%
Points)
0.0
-0.1
-0.2
-0.1
0.0
0.1
0.1
0.0
0.3
0.1
-0.3
0.0
Under the
Proposal
0.2
0.8
2.1
3.3
3.8
10.0
11.1
25.8
17.2
7.6
17.9
100.0
Average Federal Tax Rate 5
Change (%
Points)
-0.1
-0.9
-2.0
-2.0
-1.8
-1.8
-2.2
-2.6
-2.5
-2.7
-4.1
-2.5
Under the
Proposal
4.6
4.7
9.0
13.1
15.4
17.5
19.4
21.9
24.7
25.6
29.6
20.6
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2011 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)
19,473
25,675
20,342
16,056
12,370
20,373
14,743
18,513
5,241
954
446
155,368
Percent of
Total
12.5
16.5
13.1
10.3
8.0
13.1
9.5
11.9
3.4
0.6
0.3
100.0
Average
Income
(Dollars)
5,992
15,574
25,575
35,907
46,113
64,251
89,246
145,841
304,480
711,387
3,116,878
71,667
Average
Federal Tax
Burden
(Dollars)
279
862
2,816
5,435
7,951
12,441
19,202
35,732
82,817
201,790
1,051,066
16,527
Average AfterTax Income 4
(Dollars)
5,712
14,712
22,759
30,472
38,163
51,810
70,044
110,108
221,663
509,597
2,065,813
55,140
Average
Federal Tax
Rate 5
4.7
5.5
11.0
15.1
17.2
19.4
21.5
24.5
27.2
28.4
33.7
23.1
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
1.1
3.6
4.7
5.2
5.1
11.8
11.8
24.3
14.3
6.1
12.5
100.0
1.3
4.4
5.4
5.7
5.5
12.3
12.1
23.8
13.6
5.7
10.8
100.0
0.2
0.9
2.2
3.4
3.8
9.9
11.0
25.8
16.9
7.5
18.3
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
Number of AMT Taxpayers (millions). Baseline: 17.1
Proposal: 4.6
(1) Calendar year. Baseline is current law. Proposal is current policy, which extends the 2009 AMT patch and indexes the AMT exemption, rate bracket thresholds and exemption thresholds for inflation; and
makes the 2001 and 2003 individual income tax cuts permanent -- however, the estate tax in the proposal is kept the same as under current law.
(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.
f
8-Jul-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0132
Current Policy (with Estate Tax remaining as under Current Law)
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Single Tax Units
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
Percent of Tax Units 3
With Tax Cut
With Tax
Increase
0.7
48.6
74.9
92.4
97.0
97.7
98.5
98.0
99.3
98.9
98.8
62.0
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
0.9
1.5
1.4
1.3
1.6
2.0
2.5
3.1
3.9
6.4
2.0
Share of Total
Federal Tax
Change
0.0
4.4
8.1
7.3
6.1
13.2
10.7
16.7
10.9
5.7
16.9
100.0
Average Federal Tax Change
Dollars
0
-121
-322
-410
-466
-772
-1,331
-2,586
-6,646
-18,972
-122,044
-628
Percent
-0.1
-8.3
-8.4
-6.1
-5.0
-5.3
-6.0
-7.0
-7.3
-8.5
-10.6
-6.9
Share of Federal Taxes
Change (%
Points)
0.1
-0.1
-0.1
0.1
0.2
0.3
0.1
0.0
-0.1
-0.1
-0.4
0.0
Under the
Proposal
1.2
3.6
6.4
8.3
8.6
17.5
12.5
16.4
10.2
4.5
10.6
100.0
5
Average Federal Tax Rate
Change (%
Points)
0.0
-0.8
-1.3
-1.1
-1.0
-1.2
-1.5
-1.8
-2.2
-2.7
-4.0
-1.6
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2011
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
13,625
15,494
10,657
7,568
5,576
7,296
3,425
2,751
701
127
59
67,885
20.1
22.8
15.7
11.2
8.2
10.8
5.1
4.1
1.0
0.2
0.1
100.0
Average
Income
(Dollars)
5,910
15,417
25,474
35,938
46,070
63,429
88,382
140,736
306,169
709,117
3,064,204
40,448
Average
Federal Tax
Burden
(Dollars)
500
1,467
3,814
6,778
9,413
14,614
22,372
37,019
90,516
224,207
1,156,133
9,137
Average After4
Tax Income
(Dollars)
5,410
13,950
21,659
29,160
36,657
48,815
66,011
103,717
215,653
484,910
1,908,071
31,311
Average
Federal Tax
5
Rate
8.5
9.5
15.0
18.9
20.4
23.0
25.3
26.3
29.6
31.6
37.7
22.6
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.9
8.7
9.9
9.9
9.4
16.9
11.0
14.1
7.8
3.3
6.6
100.0
3.5
10.2
10.9
10.4
9.6
16.8
10.6
13.4
7.1
2.9
5.3
100.0
1.1
3.7
6.6
8.3
8.5
17.2
12.4
16.4
10.2
4.6
11.0
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
(1) Calendar year. Baseline is current law. Proposal is current policy, which extends the 2009 AMT patch and indexes the AMT exemption, rate bracket thresholds and exemption thresholds for inflation; and
makes the 2001 and 2003 individual income tax cuts permanent -- however, the estate tax in the proposal is kept the same as under current law.
(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.
Under the
Proposal
8.5
8.7
13.7
17.7
19.4
21.8
23.8
24.5
27.4
28.9
33.8
21.0
8-Jul-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0132
Current Policy (with Estate Tax remaining as under Current Law)
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Married Tax Units Filing Jointly
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
Percent of Tax Units 3
With Tax Cut
With Tax
Increase
4.8
27.8
63.0
68.1
78.7
94.2
98.7
99.4
99.5
98.8
99.4
82.2
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
0.6
0.8
2.7
2.9
2.8
2.5
3.0
3.7
3.5
3.8
6.2
3.7
Share of Total
Federal Tax
Change
0.0
0.3
1.5
2.1
2.3
6.5
10.2
29.9
16.5
7.7
23.0
100.0
Average Federal Tax Change
Dollars
-28
-121
-639
-950
-1,124
-1,367
-2,118
-4,087
-7,696
-19,629
-127,348
-3,355
Percent
-12.6
-21.0
-35.0
-25.5
-18.7
-12.8
-11.8
-11.5
-9.4
-9.9
-12.6
-11.6
Share of Federal Taxes
Change (%
Points)
0.0
0.0
-0.1
-0.2
-0.1
-0.1
0.0
0.1
0.5
0.2
-0.2
0.0
Under the
Proposal
0.0
0.1
0.4
0.8
1.3
5.8
10.0
30.3
20.9
9.2
21.0
100.0
5
Average Federal Tax Rate
Change (%
Points)
-0.5
-0.8
-2.5
-2.6
-2.4
-2.1
-2.4
-2.8
-2.5
-2.8
-4.2
-2.8
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2011
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
2,449
4,462
4,928
4,438
4,139
9,641
9,818
14,926
4,378
795
368
60,792
4.0
7.3
8.1
7.3
6.8
15.9
16.2
24.6
7.2
1.3
0.6
100.0
Average
Income
(Dollars)
5,126
15,983
25,734
36,076
46,216
65,170
89,778
147,281
304,202
712,174
3,053,140
119,608
Average
Federal Tax
Burden
(Dollars)
219
575
1,825
3,729
5,997
10,650
17,970
35,590
81,778
198,419
1,009,567
28,858
Average After4
Tax Income
(Dollars)
4,906
15,408
23,910
32,348
40,219
54,520
71,808
111,691
222,424
513,755
2,043,573
90,750
Average
Federal Tax
5
Rate
4.3
3.6
7.1
10.3
13.0
16.3
20.0
24.2
26.9
27.9
33.1
24.1
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.2
1.0
1.7
2.2
2.6
8.6
12.1
30.2
18.3
7.8
15.5
100.0
0.2
1.3
2.1
2.6
3.0
9.5
12.8
30.2
17.7
7.4
13.7
100.0
0.0
0.2
0.5
0.9
1.4
5.9
10.1
30.3
20.4
9.0
21.2
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
(1) Calendar year. Baseline is current law. Proposal is current policy, which extends the 2009 AMT patch and indexes the AMT exemption, rate bracket thresholds and exemption thresholds for inflation; and
makes the 2001 and 2003 individual income tax cuts permanent -- however, the estate tax in the proposal is kept the same as under current law.
(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.
Under the
Proposal
3.7
2.8
4.6
7.7
10.5
14.2
17.7
21.4
24.4
25.1
28.9
21.3
8-Jul-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0132
Current Policy (with Estate Tax remaining as under Current Law)
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Head of Household Tax Units
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
Percent of Tax Units 3
With Tax Cut
With Tax
Increase
0.6
42.9
85.9
95.1
96.6
98.6
98.9
99.5
99.5
97.6
99.5
69.9
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
1.1
3.2
3.5
3.1
2.9
3.1
2.7
2.1
3.3
6.0
2.8
Share of Total
Federal Tax
Change
0.1
4.5
15.6
17.9
12.3
19.5
12.0
8.9
2.5
1.6
5.0
100.0
Average Federal Tax Change
Dollars
-6
-186
-784
-1,081
-1,175
-1,471
-2,092
-2,772
-4,713
-16,783
-119,834
-917
Percent
0.9
25.3
-57.8
-23.9
-15.4
-11.8
-10.7
-8.3
-6.1
-9.2
-11.5
-15.6
Share of Federal Taxes
Change (%
Points)
-0.3
-1.4
-2.1
-1.2
0.0
1.2
1.0
1.4
0.7
0.2
0.3
0.0
Under the
Proposal
-1.7
-4.2
2.1
10.5
12.5
26.9
18.5
18.1
7.1
3.0
7.0
100.0
5
Average Federal Tax Rate
Change (%
Points)
-0.1
-1.2
-3.1
-3.0
-2.6
-2.3
-2.4
-2.0
-1.6
-2.5
-3.9
-2.4
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2011
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
3,209
5,408
4,419
3,670
2,322
2,941
1,267
710
119
21
9
24,178
13.3
22.4
18.3
15.2
9.6
12.2
5.2
2.9
0.5
0.1
0.0
100.0
Average
Income
(Dollars)
6,999
15,686
25,635
35,569
46,068
63,194
87,790
135,920
304,528
686,300
3,051,458
38,406
Average
Federal Tax
Burden
(Dollars)
-637
-737
1,356
4,515
7,642
12,461
19,613
33,352
76,713
182,047
1,038,145
5,878
Average After4
Tax Income
(Dollars)
7,635
16,423
24,279
31,053
38,426
50,733
68,176
102,567
227,814
504,253
2,013,313
32,528
Average
Federal Tax
5
Rate
-9.1
-4.7
5.3
12.7
16.6
19.7
22.3
24.5
25.2
26.5
34.0
15.3
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.4
9.1
12.2
14.1
11.5
20.0
12.0
10.4
3.9
1.6
3.0
100.0
3.1
11.3
13.6
14.5
11.4
19.0
11.0
9.3
3.4
1.4
2.3
100.0
-1.4
-2.8
4.2
11.7
12.5
25.8
17.5
16.7
6.4
2.8
6.7
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
(1) Calendar year. Baseline is current law. Proposal is current policy, which extends the 2009 AMT patch and indexes the AMT exemption, rate bracket thresholds and exemption thresholds for inflation; and
makes the 2001 and 2003 individual income tax cuts permanent -- however, the estate tax in the proposal is kept the same as under current law.
(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.
Under the
Proposal
-9.2
-5.9
2.2
9.7
14.0
17.4
20.0
22.5
23.6
24.1
30.1
12.9
8-Jul-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0132
Current Policy (with Estate Tax remaining as under Current Law)
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 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 3
With Tax Cut
With Tax
Increase
1.4
46.5
89.3
96.7
97.0
98.6
99.5
99.8
99.7
99.2
99.6
83.2
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
0.3
1.4
4.3
4.5
4.1
3.5
3.7
4.0
3.4
4.2
6.7
4.1
Share of Total
Federal Tax
Change
0.1
1.1
4.2
5.0
4.4
9.1
11.7
27.7
13.4
6.2
17.2
100.0
Average Federal Tax Change
Dollars
-20
-235
-1,054
-1,421
-1,571
-1,827
-2,620
-4,457
-7,548
-20,953
-135,037
-2,811
Percent
2.4
18.9
-117.8
-33.8
-21.5
-15.1
-13.9
-12.2
-9.0
-10.0
-12.6
-13.4
Share of Federal Taxes
Change (%
Points)
-0.1
-0.3
-0.6
-0.5
-0.3
-0.2
-0.1
0.4
1.0
0.3
0.2
0.0
Under the
Proposal
-0.4
-1.0
-0.1
1.5
2.5
7.9
11.2
30.6
20.8
8.6
18.3
100.0
Average Federal Tax Rate 5
Change (%
Points)
-0.3
-1.5
-4.1
-4.0
-3.4
-2.8
-2.9
-3.0
-2.5
-2.9
-4.4
-3.1
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2011 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
3,805
6,209
5,470
4,817
3,830
6,853
6,138
8,529
2,436
405
175
48,902
7.8
12.7
11.2
9.9
7.8
14.0
12.6
17.4
5.0
0.8
0.4
100.0
Average
Income
(Dollars)
6,625
15,826
25,668
35,746
46,097
64,651
89,544
147,403
303,499
714,589
3,095,878
90,398
Average
Federal Tax
Burden
(Dollars)
-850
-1,244
895
4,207
7,295
12,119
18,919
36,469
83,548
210,207
1,068,759
21,058
Average AfterTax Income 4
(Dollars)
7,475
17,070
24,773
31,539
38,802
52,533
70,625
110,934
219,951
504,382
2,027,119
69,340
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
-12.8
-7.9
3.5
11.8
15.8
18.7
21.1
24.7
27.5
29.4
34.5
23.3
0.6
2.2
3.2
3.9
4.0
10.0
12.4
28.4
16.7
6.6
12.3
100.0
0.8
3.1
4.0
4.5
4.4
10.6
12.8
27.9
15.8
6.0
10.5
100.0
-0.3
-0.8
0.5
2.0
2.7
8.1
11.3
30.2
19.8
8.3
18.2
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. Proposal is current policy, which extends the 2009 AMT patch and indexes the AMT exemption, rate bracket thresholds and exemption thresholds for inflation; and
makes the 2001 and 2003 individual income tax cuts permanent -- however, the estate tax in the proposal is kept the same as under current law.
(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.
Under the
Proposal
-13.1
-9.4
-0.6
7.8
12.4
15.9
18.2
21.7
25.0
26.5
30.2
20.2
8-Jul-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0132
Current Policy (with Estate Tax remaining as under Current Law)
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 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 3
With Tax Cut
With Tax
Increase
0.4
14.1
36.8
53.9
62.8
89.6
96.6
98.2
99.0
97.4
99.4
53.2
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
0.2
0.7
0.8
0.9
1.5
2.0
3.2
3.8
3.7
6.1
2.7
Share of Total
Federal Tax
Change
0.0
0.5
1.6
1.7
1.6
7.8
7.6
23.1
18.7
9.0
28.4
100.0
Average Federal Tax Change
Dollars
-1
-33
-157
-273
-370
-871
-1,505
-3,626
-8,397
-18,300
-122,759
-1,567
Percent
-0.5
-7.9
-12.6
-11.2
-11.0
-11.7
-11.1
-11.9
-10.4
-9.4
-11.7
-11.1
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
-0.1
0.0
-0.2
0.2
0.2
-0.2
0.0
Under the
Proposal
0.1
0.7
1.4
1.7
1.7
7.3
7.6
21.4
20.2
10.9
26.9
100.0
Average Federal Tax Rate 5
Change (%
Points)
0.0
-0.2
-0.6
-0.8
-0.8
-1.4
-1.7
-2.5
-2.8
-2.6
-4.0
-2.2
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2011 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
2,522
6,642
4,651
2,939
2,058
4,144
2,348
2,957
1,037
229
108
29,671
8.5
22.4
15.7
9.9
6.9
14.0
7.9
10.0
3.5
0.8
0.4
100.0
Average
Income
(Dollars)
6,528
15,553
25,360
35,780
46,183
63,809
88,288
145,786
304,965
697,487
3,055,011
72,264
Average
Federal Tax
Burden
(Dollars)
189
417
1,249
2,438
3,372
7,452
13,566
30,553
81,009
195,563
1,051,040
14,107
Average AfterTax Income 4
(Dollars)
6,339
15,135
24,111
33,342
42,810
56,357
74,722
115,233
223,956
501,924
2,003,972
58,157
Average
Federal Tax
Rate 5
2.9
2.7
4.9
6.8
7.3
11.7
15.4
21.0
26.6
28.0
34.4
19.5
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.8
4.8
5.5
4.9
4.4
12.3
9.7
20.1
14.8
7.5
15.3
100.0
0.9
5.8
6.5
5.7
5.1
13.5
10.2
19.8
13.5
6.7
12.5
100.0
0.1
0.7
1.4
1.7
1.7
7.4
7.6
21.6
20.1
10.7
27.0
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. Proposal is current policy, which extends the 2009 AMT patch and indexes the AMT exemption, rate bracket thresholds and exemption thresholds for inflation; and
makes the 2001 and 2003 individual income tax cuts permanent -- however, the estate tax in the proposal is kept the same as under current law.
(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.
Under the
Proposal
2.9
2.5
4.3
6.1
6.5
10.3
13.7
18.5
23.8
25.4
30.4
17.4