14-Aug-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 T08-0200
Make 2001-06 Tax Cuts Permanent and Extend AMT Patch
Distribution of Federal Tax Change by Cash Income Level, 2012
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
2.7
44.4
77.4
89.1
93.6
97.5
99.0
99.5
99.6
99.1
99.6
75.6
With Tax
Increase
1.1
1.5
0.8
0.3
0.2
0.2
0.1
0.1
0.1
0.1
0.0
0.6
Percent
Change in
After-Tax
Income 4
0.1
1.0
2.4
2.6
2.5
2.8
3.4
4.4
4.9
5.3
7.8
4.2
Share of Total
Federal Tax
Change
0.0
0.9
2.8
3.1
3.0
8.1
9.0
26.4
17.1
7.3
22.4
100.0
1
Average
Federal Tax
Change ($)
-5
-147
-568
-842
-1,007
-1,506
-2,527
-4,898
-10,816
-27,517
-169,090
-2,643
Average Federal Tax Rate 5
Change (%
Points)
-0.1
-0.9
-2.1
-2.2
-2.1
-2.2
-2.7
-3.3
-3.5
-3.7
-5.1
-3.2
Under the
Proposal
5.3
4.6
9.1
13.2
16.1
18.1
19.4
21.7
24.4
25.7
29.2
21.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
22.7
Proposal:
6.1
(1) Calendar year. Baseline is pre-EGTRRA law. Proposal: (1) makes permanent the individual income and estate tax provisions in the 2001-06 tax cuts currently
set to expire at the end of 2010; (2) makes permanent the retirement savings provisions in EGTRRA; (3) extends the 2007 AMT patch and indexes the AMT
exemption for inflation.
(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.
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0200
Make 2001-06 Tax Cuts Permanent and Extend AMT Patch
Distribution of Federal Tax Change by Cash Income Level, 2012 1
Detail 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
With Tax
Increase
2.7
44.4
77.4
89.1
93.6
97.5
99.0
99.5
99.6
99.1
99.6
75.6
1.1
1.5
0.8
0.3
0.2
0.2
0.1
0.1
0.1
0.1
0.0
0.6
Percent Change
in After-Tax
Income 4
0.1
1.0
2.4
2.6
2.5
2.8
3.4
4.4
4.9
5.3
7.8
4.2
Share of Total
Federal Tax
Change
0.0
0.9
2.8
3.1
3.0
8.1
9.0
26.4
17.1
7.3
22.4
100.0
Average Federal Tax Change
Dollars
-5
-147
-568
-842
-1,007
-1,506
-2,527
-4,898
-10,816
-27,517
-169,090
-2,643
Percent
-1.5
-16.4
-18.7
-14.4
-11.3
-11.0
-12.1
-13.2
-12.5
-12.7
-15.0
-13.1
Share of Federal Taxes
Change (%
Points)
0.0
0.0
-0.1
0.0
0.1
0.2
0.1
0.0
0.1
0.0
-0.4
0.0
Under the
Proposal
0.2
0.7
1.8
2.8
3.5
9.9
9.9
26.3
18.0
7.6
19.2
100.0
Average Federal Tax Rate 5
Change (%
Points)
Under the
Proposal
-0.1
-0.9
-2.1
-2.2
-2.1
-2.2
-2.7
-3.3
-3.5
-3.7
-5.1
-3.2
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2012 1
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
Tax Units 3
Number
(thousands)
16,546
24,280
20,001
15,128
12,063
22,213
14,729
22,218
6,499
1,087
546
156,009
Percent of
Total
10.6
15.6
12.8
9.7
7.7
14.2
9.4
14.2
4.2
0.7
0.4
100.0
Average
Income
(Dollars)
6,019
16,259
27,053
37,907
48,997
67,389
94,738
148,087
309,272
739,526
3,289,961
83,049
Average
Federal Tax
Burden
(Dollars)
325
897
3,031
5,851
8,895
13,687
20,895
37,099
86,377
217,528
1,127,972
20,108
Average AfterTax Income 4
(Dollars)
5,694
15,362
24,022
32,055
40,102
53,702
73,843
110,988
222,895
521,998
2,161,989
62,941
Average
Federal Tax
Rate 5
5.4
5.5
11.2
15.4
18.2
20.3
22.1
25.1
27.9
29.4
34.3
24.2
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
11.6
10.8
25.4
15.5
6.2
13.9
100.0
1.0
3.8
4.9
4.9
4.9
12.2
11.1
25.1
14.8
5.8
12.0
100.0
0.2
0.7
1.9
2.8
3.4
9.7
9.8
26.3
17.9
7.5
19.6
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
22.7
Proposal:
6.1
(1) Calendar year. Baseline is pre-EGTRRA law. Proposal: (1) makes permanent the individual income and estate tax provisions in the 2001-06 tax cuts currently set to expire at the end of 2010; (2) makes permanent the
retirement savings provisions in EGTRRA; (3) extends the 2007 AMT patch and indexes the AMT exemption for inflation.
(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.
5.3
4.6
9.1
13.2
16.1
18.1
19.4
21.7
24.4
25.7
29.2
21.0
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0200
Make 2001-06 Tax Cuts Permanent and Extend AMT Patch
Distribution of Federal Tax Change by Cash Income Level, 2012 1
Detail Table - Single Tax Units
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
With Tax
Increase
2.4
47.7
75.6
92.6
97.2
98.5
98.9
98.6
99.1
99.0
99.1
65.3
1.0
1.2
0.5
0.2
0.1
0.1
0.2
0.1
0.1
0.0
0.0
0.6
Percent Change
in After-Tax
Income 4
0.0
0.9
1.7
1.7
1.7
2.5
3.5
4.7
8.0
10.6
14.7
3.9
Share of Total
Federal Tax
Change
0.0
2.2
4.3
3.9
3.8
12.3
9.7
18.4
15.2
7.9
22.1
100.0
Average Federal Tax Change
Dollars
-1
-134
-384
-523
-642
-1,291
-2,405
-4,882
-17,502
-53,384
-297,690
-1,378
Percent
-0.2
-9.3
-9.5
-7.2
-6.2
-8.2
-9.8
-12.3
-18.5
-22.9
-23.5
-12.5
Share of Federal Taxes
Change (%
Points)
0.1
0.1
0.2
0.4
0.6
0.9
0.4
0.0
-0.7
-0.5
-1.5
0.0
Under the
Proposal
0.9
3.0
5.8
7.1
8.3
19.6
12.7
18.7
9.6
3.8
10.3
100.0
Average Federal Tax Rate 5
Change (%
Points)
Under the
Proposal
0.0
-0.8
-1.4
-1.4
-1.3
-1.9
-2.6
-3.4
-5.6
-7.2
-9.1
-3.0
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2012 1
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
Tax Units 3
Number
(thousands)
Percent of
Total
12,033
15,257
10,409
6,929
5,586
8,900
3,777
3,528
811
138
69
67,788
17.8
22.5
15.4
10.2
8.2
13.1
5.6
5.2
1.2
0.2
0.1
100.0
Average
Income
(Dollars)
6,036
16,104
26,937
37,831
48,999
66,503
93,400
143,053
313,377
737,609
3,290,833
46,595
Average
Federal Tax
Burden
(Dollars)
472
1,438
4,041
7,231
10,320
15,719
24,472
39,636
94,645
233,535
1,269,092
11,029
Average AfterTax Income 4
(Dollars)
5,564
14,666
22,896
30,600
38,679
50,784
68,929
103,417
218,733
504,074
2,021,741
35,566
Average
Federal Tax
Rate 5
7.8
8.9
15.0
19.1
21.1
23.6
26.2
27.7
30.2
31.7
38.6
23.7
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.3
7.8
8.9
8.3
8.7
18.7
11.2
16.0
8.0
3.2
7.2
100.0
2.8
9.3
9.9
8.8
9.0
18.8
10.8
15.1
7.4
2.9
5.8
100.0
0.8
2.9
5.6
6.7
7.7
18.7
12.4
18.7
10.3
4.3
11.8
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
22.7
Proposal:
6.1
(1) Calendar year. Baseline is pre-EGTRRA law. Proposal: (1) makes permanent the individual income and estate tax provisions in the 2001-06 tax cuts currently set to expire at the end of 2010; (2) makes permanent the
retirement savings provisions in EGTRRA; (3) extends the 2007 AMT patch and indexes the AMT exemption for inflation.
(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.
7.8
8.1
13.6
17.7
19.8
21.7
23.6
24.3
24.6
24.4
29.5
20.7
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0200
Make 2001-06 Tax Cuts Permanent and Extend AMT Patch
Distribution of Federal Tax Change by Cash Income Level, 2012 1
Detail Table - Married Tax Units Filing Jointly
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
With Tax
Increase
5.8
33.4
68.6
76.6
85.0
96.1
99.1
99.6
99.7
99.3
99.7
86.7
2.0
1.6
1.4
0.6
0.5
0.2
0.1
0.0
0.0
0.0
0.0
0.4
Percent Change
in After-Tax
Income 4
0.5
1.0
2.8
3.3
3.1
2.8
3.4
4.4
4.5
4.5
6.9
4.5
Share of Total
Federal Tax
Change
0.0
0.2
1.1
1.6
1.7
5.1
8.4
31.0
19.3
7.7
23.8
100.0
Average Federal Tax Change
Dollars
-25
-158
-694
-1,114
-1,316
-1,601
-2,589
-4,991
-9,929
-23,782
-147,489
-4,630
Percent
-7.4
-24.5
-33.6
-26.6
-19.1
-13.7
-13.5
-13.6
-11.7
-11.1
-13.6
-13.2
Share of Federal Taxes
Change (%
Points)
0.0
0.0
-0.1
-0.1
-0.1
0.0
0.0
-0.2
0.4
0.2
-0.1
0.0
Under the
Proposal
0.0
0.1
0.3
0.7
1.1
4.9
8.2
29.9
22.2
9.4
23.0
100.0
Average Federal Tax Rate 5
Change (%
Points)
Under the
Proposal
-0.5
-0.9
-2.6
-2.9
-2.7
-2.3
-2.7
-3.3
-3.2
-3.2
-4.6
-3.3
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2012 1
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
Tax Units 3
Number
(thousands)
Percent of
Total
2,059
3,695
4,653
4,125
3,572
9,064
9,144
17,526
5,479
913
455
60,954
3.4
6.1
7.6
6.8
5.9
14.9
15.0
28.8
9.0
1.5
0.8
100.0
Average
Income
(Dollars)
5,102
16,805
27,081
37,989
49,128
68,660
95,433
149,607
308,576
739,970
3,227,576
138,787
Average
Federal Tax
Burden
(Dollars)
333
643
2,068
4,198
6,894
11,719
19,159
36,630
85,207
215,255
1,085,284
35,070
Average AfterTax Income 4
(Dollars)
4,769
16,163
25,013
33,791
42,234
56,941
76,275
112,977
223,369
524,715
2,142,292
103,717
Average
Federal Tax
Rate 5
6.5
3.8
7.6
11.1
14.0
17.1
20.1
24.5
27.6
29.1
33.6
25.3
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.1
0.7
1.5
1.9
2.1
7.4
10.3
31.0
20.0
8.0
17.4
100.0
0.2
0.9
1.8
2.2
2.4
8.2
11.0
31.3
19.4
7.6
15.4
100.0
0.0
0.1
0.5
0.8
1.2
5.0
8.2
30.0
21.8
9.2
23.1
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
22.7
Proposal:
6.1
(1) Calendar year. Baseline is pre-EGTRRA law. Proposal: (1) makes permanent the individual income and estate tax provisions in the 2001-06 tax cuts currently set to expire at the end of 2010; (2) makes permanent the
retirement savings provisions in EGTRRA; (3) extends the 2007 AMT patch and indexes the AMT exemption for inflation.
(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.
6.0
2.9
5.1
8.1
11.4
14.7
17.4
21.2
24.4
25.9
29.1
21.9
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0200
Make 2001-06 Tax Cuts Permanent and Extend AMT Patch
Distribution of Federal Tax Change by Cash Income Level, 2012 1
Detail Table - Head of Household Tax Units
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
With Tax
Increase
1.1
40.2
88.8
95.5
97.4
98.8
99.2
99.5
98.6
98.0
99.8
75.0
1.1
2.6
0.8
0.3
0.2
0.1
0.0
0.0
0.0
0.1
0.0
0.8
Percent Change
in After-Tax
Income 4
0.1
1.0
3.3
3.5
3.3
3.2
3.4
3.3
3.4
4.3
7.6
3.2
Share of Total
Federal Tax
Change
0.1
3.0
13.3
14.5
11.6
21.3
12.6
11.6
4.1
1.9
6.1
100.0
Average Federal Tax Change
Dollars
-6
-172
-847
-1,141
-1,333
-1,689
-2,435
-3,442
-7,748
-22,213
-159,244
-1,189
Percent
1.4
26.3
-54.5
-23.2
-16.1
-12.8
-11.2
-9.7
-9.4
-10.9
-14.4
-15.5
Share of Federal Taxes
Change (%
Points)
-0.1
-0.9
-1.7
-0.9
-0.1
0.8
0.9
1.3
0.5
0.2
0.1
0.0
Under the
Proposal
-0.7
-2.6
2.0
8.8
11.0
26.6
18.2
19.8
7.3
2.8
6.7
100.0
Average Federal Tax Rate 5
Change (%
Points)
Under the
Proposal
-0.1
-1.1
-3.1
-3.0
-2.7
-2.5
-2.6
-2.5
-2.5
-3.1
-5.0
-2.6
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2012 1
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
Tax Units 3
Number
(thousands)
Percent of
Total
2,316
5,047
4,615
3,737
2,547
3,703
1,518
988
156
25
11
24,714
9.4
20.4
18.7
15.1
10.3
15.0
6.1
4.0
0.6
0.1
0.1
100.0
Average
Income
(Dollars)
6,761
16,328
27,243
37,894
48,781
66,425
93,959
139,901
310,610
727,675
3,207,147
45,216
Average
Federal Tax
Burden
(Dollars)
-471
-652
1,554
4,925
8,281
13,230
21,719
35,681
82,743
204,646
1,104,387
7,691
Average AfterTax Income 4
(Dollars)
7,232
16,980
25,689
32,969
40,500
53,195
72,240
104,220
227,867
523,029
2,102,760
37,525
Average
Federal Tax
Rate 5
-7.0
-4.0
5.7
13.0
17.0
19.9
23.1
25.5
26.6
28.1
34.4
17.0
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
1.4
7.4
11.3
12.7
11.1
22.0
12.8
12.4
4.3
1.6
3.3
100.0
1.8
9.2
12.8
13.3
11.1
21.2
11.8
11.1
3.8
1.4
2.6
100.0
-0.6
-1.7
3.8
9.7
11.1
25.8
17.3
18.5
6.8
2.7
6.6
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
22.7
Proposal:
6.1
(1) Calendar year. Baseline is pre-EGTRRA law. Proposal: (1) makes permanent the individual income and estate tax provisions in the 2001-06 tax cuts currently set to expire at the end of 2010; (2) makes permanent the
retirement savings provisions in EGTRRA; (3) extends the 2007 AMT patch and indexes the AMT exemption for inflation.
(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.
-7.1
-5.0
2.6
10.0
14.2
17.4
20.5
23.0
24.1
25.1
29.5
14.4
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0200
Make 2001-06 Tax Cuts Permanent and Extend AMT Patch
Distribution of Federal Tax Change by Cash Income Level, 2012 1
Detail Table - Tax Units with Children
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
With Tax
Increase
1.7
45.5
90.4
97.1
98.1
99.1
99.6
99.9
99.8
99.5
99.8
87.0
1.4
2.8
1.0
0.4
0.2
0.2
0.1
0.0
0.0
0.1
0.0
0.6
Percent Change
in After-Tax
Income 4
0.3
1.3
4.2
4.4
4.1
3.7
4.1
4.9
4.4
4.8
7.0
4.7
Share of Total
Federal Tax
Change
0.0
0.7
3.3
3.9
3.6
8.2
9.7
29.8
16.4
6.4
18.1
100.0
Average Federal Tax Change
Dollars
-19
-237
-1,086
-1,465
-1,671
-2,029
-3,079
-5,445
-9,760
-24,521
-148,457
-3,710
Percent
2.8
19.0
-99.2
-32.0
-20.8
-15.8
-15.0
-14.6
-11.3
-10.9
-13.2
-14.5
Share of Federal Taxes
Change (%
Points)
0.0
-0.2
-0.5
-0.4
-0.2
-0.1
-0.1
0.0
0.8
0.4
0.3
0.0
Under the
Proposal
-0.2
-0.7
0.0
1.4
2.3
7.4
9.3
29.5
21.8
8.9
20.1
100.0
Average Federal Tax Rate 5
Change (%
Points)
-0.3
-1.4
-4.0
-3.9
-3.4
-3.0
-3.2
-3.7
-3.2
-3.3
-4.6
-3.5
Under the
Proposal
-10.6
-9.0
0.0
8.2
13.0
15.9
18.3
21.3
24.9
27.0
30.1
20.8
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2012 1
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
Tax Units 3
Number
(thousands)
Percent of
Total
2,594
5,296
5,529
4,775
3,857
7,346
5,684
9,906
3,045
476
220
48,864
5.3
10.8
11.3
9.8
7.9
15.0
11.6
20.3
6.2
1.0
0.5
100.0
Average
Income
(Dollars)
6,371
16,585
27,153
37,955
49,028
67,754
95,395
149,292
307,399
739,676
3,238,329
105,014
Average
Federal Tax
Burden
(Dollars)
-658
-1,250
1,095
4,581
8,030
12,813
20,529
37,310
86,407
224,391
1,124,201
25,577
Average AfterTax Income 4
(Dollars)
7,028
17,835
26,058
33,374
40,998
54,940
74,866
111,982
220,992
515,284
2,114,128
79,438
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
-10.3
-7.5
4.0
12.1
16.4
18.9
21.5
25.0
28.1
30.3
34.7
24.4
0.3
1.7
2.9
3.5
3.7
9.7
10.6
28.8
18.2
6.9
13.9
100.0
0.5
2.4
3.7
4.1
4.1
10.4
11.0
28.6
17.3
6.3
12.0
100.0
-0.1
-0.5
0.5
1.8
2.5
7.5
9.3
29.6
21.1
8.5
19.8
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
22.7
Proposal:
6.1
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. Proposal: (1) makes permanent the individual income and estate tax provisions in the 2001-06 tax cuts currently set to expire at the end of 2010; (2) makes permanent the
retirement savings provisions in EGTRRA; (3) extends the 2007 AMT patch and indexes the AMT exemption for inflation.
(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.
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0200
Make 2001-06 Tax Cuts Permanent and Extend AMT Patch
Distribution of Federal Tax Change by Cash Income Level, 2012 1
Detail Table - Elderly Tax Units
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
With Tax
Increase
0.5
14.3
41.6
56.7
69.1
92.1
97.9
98.8
99.1
98.2
99.5
56.7
0.4
0.2
0.4
0.4
0.2
0.2
0.1
0.1
0.2
0.0
0.1
0.2
Percent Change
in After-Tax
Income 4
0.0
0.4
0.9
1.5
1.9
2.9
3.5
4.8
7.0
7.5
10.6
5.0
Share of Total
Federal Tax
Change
0.0
0.4
1.1
1.3
1.4
7.0
7.9
20.6
20.3
9.6
30.1
100.0
Average Federal Tax Change
Dollars
-1
-61
-237
-515
-846
-1,707
-2,770
-5,514
-16,022
-39,276
-225,562
-3,250
Percent
-0.5
-13.6
-16.0
-18.9
-18.8
-17.9
-17.4
-17.5
-18.9
-18.1
-19.7
-18.5
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.3
-0.1
0.1
-0.4
0.0
Under the
Proposal
0.1
0.6
1.3
1.3
1.4
7.3
8.6
22.0
19.8
9.9
27.8
100.0
Average Federal Tax Rate 5
Change (%
Points)
Under the
Proposal
0.0
-0.4
-0.9
-1.4
-1.7
-2.5
-2.9
-3.8
-5.1
-5.3
-6.9
-3.9
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2012 1
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
Tax Units 3
Number
(thousands)
Percent of
Total
2,539
6,918
4,634
2,493
1,658
4,080
2,843
3,711
1,258
243
133
30,530
8.3
22.7
15.2
8.2
5.4
13.4
9.3
12.2
4.1
0.8
0.4
100.0
Average
Income
(Dollars)
6,784
16,273
26,676
37,627
49,112
67,978
94,250
147,138
315,492
740,468
3,269,522
82,817
Average
Federal Tax
Burden
(Dollars)
192
450
1,480
2,723
4,502
9,513
15,945
31,501
84,837
217,395
1,142,678
17,598
Average AfterTax Income 4
(Dollars)
6,591
15,823
25,196
34,904
44,610
58,464
78,305
115,637
230,655
523,073
2,126,844
65,219
Average
Federal Tax
Rate 5
2.8
2.8
5.6
7.2
9.2
14.0
16.9
21.4
26.9
29.4
35.0
21.3
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.7
4.5
4.9
3.7
3.2
11.0
10.6
21.6
15.7
7.1
17.2
100.0
0.8
5.5
5.9
4.4
3.7
12.0
11.2
21.6
14.6
6.4
14.2
100.0
0.1
0.6
1.3
1.3
1.4
7.2
8.4
21.8
19.9
9.9
28.2
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
22.7
Proposal:
6.1
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. Proposal: (1) makes permanent the individual income and estate tax provisions in the 2001-06 tax cuts currently set to expire at the end of 2010; (2) makes permanent the
retirement savings provisions in EGTRRA; (3) extends the 2007 AMT patch and indexes the AMT exemption for inflation.
(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.
2.8
2.4
4.7
5.9
7.4
11.5
14.0
17.7
21.8
24.1
28.1
17.3