24-Jun-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 T08-0140
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits by Cash Income Percentile, 2008
Summary Table
Percent of Tax Units 4
Cash Income Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
2,3
With Tax
Benefit
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average
Federal Tax
Benefits ($)
1
Average Federal Tax Rate6
Change due to
CTC
With CTC
5.3
26.1
28.1
32.9
19.3
21.1
94.7
73.9
71.9
67.1
80.8
78.9
0.2
1.4
1.1
0.8
0.1
0.5
2.0
23.6
30.3
30.7
13.2
100.0
24
334
468
568
275
309
-0.2
-1.2
-0.9
-0.7
-0.1
-0.4
4.6
10.8
16.9
19.9
26.5
21.9
32.7
10.2
1.3
0.2
0.2
67.3
89.9
98.7
99.8
99.8
0.5
0.1
0.0
0.0
0.0
12.0
1.0
0.1
0.0
0.0
497
86
14
4
3
-0.4
-0.1
0.0
0.0
0.0
22.7
24.4
26.6
30.0
31.6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
(1) Calendar year. Benefits of the CTC are measured against a current-law baseline.
(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) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax
units. The breaks are (in 2008 dollars): 20% $18,726, 40% $37,258, 60% $65,634, 80% $110,346, 90% $159,187, 95% $224,851, 99% $601,906, 99.9% $2,906,959.
(4) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(5) 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.
(6) 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.
24-Jun-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0140
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits by Cash Income Percentile, 2008 1
Detail Table
Percent of Tax Units 4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Benefit
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to
CTC
With CTC
Average Federal Tax Rate 6
Change due to
CTC
With CTC
5.3
26.1
28.1
32.9
19.3
21.1
94.7
73.9
71.9
67.1
80.8
78.9
0.2
1.4
1.1
0.8
0.1
0.5
2.0
23.6
30.3
30.7
13.2
100.0
24
334
468
568
275
309
4.7
10.3
5.2
3.3
0.4
1.9
0.0
-0.4
-0.4
-0.3
1.0
0.0
0.8
4.0
10.6
17.7
66.8
100.0
-0.2
-1.2
-0.9
-0.7
-0.1
-0.4
4.6
10.8
16.9
19.9
26.5
21.9
32.7
10.2
1.3
0.2
0.2
67.3
89.9
98.7
99.8
99.8
0.5
0.1
0.0
0.0
0.0
12.0
1.0
0.1
0.0
0.0
497
86
14
4
3
1.7
0.2
0.0
0.0
0.0
0.0
0.2
0.3
0.5
0.3
13.8
10.2
16.3
26.5
13.4
-0.4
-0.1
0.0
0.0
0.0
22.7
24.4
26.6
30.0
31.6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile, 2008 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number
(thousands)
Percent of
Total
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Average
Federal Tax
Rate6
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
38,734
32,512
29,745
24,833
21,974
148,478
26.1
21.9
20.0
16.7
14.8
100.0
10,339
27,137
50,269
85,096
273,072
73,156
500
3,252
8,945
17,482
72,567
16,317
9,840
23,885
41,324
67,614
200,505
56,838
4.8
12.0
17.8
20.5
26.6
22.3
3.7
8.1
13.8
19.5
55.2
100.0
4.5
9.2
14.6
19.9
52.2
100.0
0.8
4.4
11.0
17.9
65.8
100.0
11,083
5,366
4,406
1,119
113
7.5
3.6
3.0
0.8
0.1
130,618
186,071
331,342
1,871,777
8,924,869
30,132
45,434
88,087
561,873
2,823,901
100,485
140,637
243,256
1,309,904
6,100,967
23.1
24.4
26.6
30.0
31.6
13.3
9.2
13.4
19.3
9.3
13.2
8.9
12.7
17.4
8.2
13.8
10.1
16.0
26.0
13.2
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
(1) Calendar year. Benefits of the CTC are measured against a current law baseline.
(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) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The breaks are (in 2008 dollars): 20% $18,726, 40%
$37,258, 60% $65,634, 80% $110,346, 90% $159,187, 95% $224,851, 99% $601,906, 99.9% $2,906,959.
(4) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(5) 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.
(6) 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.
24-Jun-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0140
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits by Cash Income Percentile Adjusted for Family Size, 2008 1
Detail Table
Percent of Tax Units 4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Benefit
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to
CTC
With CTC
Average Federal Tax Rate 6
Change due to
CTC
With CTC
11.4
29.6
30.8
26.7
7.8
21.1
88.6
70.4
69.2
73.3
92.2
78.9
0.9
2.1
1.4
0.7
0.0
0.5
6.0
31.2
32.6
26.0
4.2
100.0
85
468
520
423
68
309
46.4
18.2
6.9
2.9
0.1
1.9
-0.1
-0.5
-0.5
-0.2
1.3
0.0
0.1
2.7
8.5
17.1
71.4
100.0
-0.9
-1.9
-1.2
-0.6
0.0
-0.4
1.0
8.6
15.8
19.5
26.3
21.9
14.7
1.2
0.5
0.1
0.1
85.3
98.8
99.5
99.9
99.9
0.2
0.0
0.0
0.0
0.0
3.9
0.2
0.1
0.0
0.0
126
12
6
2
2
0.5
0.0
0.0
0.0
0.0
0.2
0.2
0.3
0.5
0.3
15.1
11.4
17.4
27.6
14.0
-0.1
0.0
0.0
0.0
0.0
22.7
24.2
26.2
29.9
31.6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile Adjusted for Family Size, 2008 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number
(thousands)
Percent of
Total
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Average
Federal Tax
Rate6
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
32,136
30,600
28,760
28,147
28,156
148,478
21.6
20.6
19.4
19.0
19.0
100.0
9,676
24,413
44,659
74,152
229,510
73,156
183
2,565
7,580
14,867
60,343
16,317
9,493
21,848
37,079
59,286
169,167
56,838
1.9
10.5
17.0
20.1
26.3
22.3
2.9
6.9
11.8
19.2
59.5
100.0
3.6
7.9
12.6
19.8
56.4
100.0
0.2
3.2
9.0
17.3
70.1
100.0
14,153
7,103
5,550
1,350
133
9.5
4.8
3.7
0.9
0.1
111,502
157,889
283,470
1,621,134
7,865,274
25,440
38,219
74,328
485,013
2,488,511
86,062
119,671
209,142
1,136,121
5,376,763
22.8
24.2
26.2
29.9
31.6
14.5
10.3
14.5
20.2
9.7
14.4
10.1
13.8
18.2
8.5
14.9
11.2
17.0
27.0
13.7
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
(1) Calendar year. Benefits of the CTC are measured against a current law baseline.
(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) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family size by
dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2008 dollars): 20% $12,738, 40% $24,107, 60% $41,408, 80% $66,804, 90% $95,425, 95% $135,398, 99% $358,614,
99.9% $1,744,098.
(4) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(5) 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.
(6) 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.
24-Jun-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0140
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits by Cash Income Percentile Adjusted for Family Size, 2008 1
Detail Table - Single Tax Units
Percent of Tax Units 4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Benefit
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to
CTC
With CTC
Average Federal Tax Rate 6
Change due to
CTC
With CTC
1.4
3.1
1.8
0.9
0.3
1.6
98.6
96.9
98.2
99.1
99.7
98.4
0.1
0.2
0.1
0.0
0.0
0.1
13.2
51.1
25.0
9.6
1.1
100.0
8
40
23
10
1
18
1.7
1.9
0.4
0.1
0.0
0.2
0.0
-0.1
0.0
0.0
0.1
0.0
1.5
5.2
12.5
20.2
60.5
100.0
-0.1
-0.2
-0.1
0.0
0.0
0.0
6.5
11.0
17.9
21.0
27.0
21.8
0.5
0.2
0.0
0.0
0.0
99.5
99.8
100.0
100.0
100.0
0.0
0.0
0.0
0.0
0.0
0.9
0.1
0.0
0.0
0.0
2
1
0
0
0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
15.1
10.5
14.2
20.6
10.1
0.0
0.0
0.0
0.0
0.0
23.9
24.8
26.2
32.4
35.0
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile Adjusted for Family Size, 2008 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Number
(thousands)
Percent of
Total
17,917
14,600
12,313
10,411
8,662
64,251
27.9
22.7
19.2
16.2
13.5
100.0
7,366
18,412
32,414
52,926
147,444
40,773
487
2,058
5,839
11,113
39,865
8,908
6,879
16,354
26,575
41,813
107,579
31,864
4,570
2,172
1,581
339
30
7.1
3.4
2.5
0.5
0.1
79,266
111,889
195,435
1,070,401
5,527,749
18,923
27,723
51,189
347,116
1,935,806
60,342
84,166
144,246
723,285
3,591,943
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
6.6
11.2
18.0
21.0
27.0
21.9
5.0
10.3
15.2
21.0
48.8
100.0
6.0
11.7
16.0
21.3
45.5
100.0
1.5
5.3
12.6
20.2
60.3
100.0
23.9
24.8
26.2
32.4
35.0
13.8
9.3
11.8
13.9
6.3
13.5
8.9
11.1
12.0
5.2
15.1
10.5
14.1
20.6
10.1
Average
Federal Tax
Rate6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
(1) Calendar year. Benefits of the CTC are measured against a current law baseline.
(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) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family size by
dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2008 dollars): 20% $12,738, 40% $24,107, 60% $41,408, 80% $66,804, 90% $95,425, 95% $135,398, 99% $358,614,
99.9% $1,744,098.
(4) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(5) 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.
(6) 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.
24-Jun-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0140
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits by Cash Income Percentile Adjusted for Family Size, 2008 1
Detail Table - Married Tax Units Filing Jointly
Percent of Tax Units 4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Benefit
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to
CTC
With CTC
Average Federal Tax Rate 6
Change due to
CTC
With CTC
20.5
40.1
49.0
41.8
11.4
31.1
79.5
59.9
51.1
58.2
88.6
68.9
1.6
2.7
2.0
1.0
0.1
0.6
4.3
21.2
34.1
34.1
6.0
100.0
199
758
940
703
100
514
66.8
23.0
10.2
4.0
0.1
1.8
-0.1
-0.4
-0.5
-0.4
1.3
0.0
0.0
1.3
5.6
15.2
77.8
100.0
-1.5
-2.4
-1.6
-0.8
0.0
-0.4
0.8
8.1
14.4
18.7
26.0
22.8
22.5
1.6
0.7
0.2
0.1
77.5
98.4
99.3
99.8
99.9
0.2
0.0
0.0
0.0
0.0
5.6
0.3
0.1
0.0
0.0
196
16
8
3
3
0.7
0.0
0.0
0.0
0.0
0.2
0.2
0.4
0.6
0.3
15.3
12.3
19.4
30.8
15.4
-0.2
0.0
0.0
0.0
0.0
22.2
24.0
26.3
29.4
31.0
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile Adjusted for Family Size, 2008 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Number
(thousands)
Percent of
Total
6,549
8,467
10,967
14,682
17,939
58,860
11.1
14.4
18.6
24.9
30.5
100.0
12,913
31,351
57,542
90,088
271,783
121,659
299
3,298
9,220
17,534
70,875
28,234
12,614
28,053
48,322
72,554
200,908
93,424
8,622
4,629
3,736
953
96
14.7
7.9
6.4
1.6
0.2
129,932
180,821
322,831
1,797,234
8,488,059
29,094
43,402
84,756
528,026
2,630,579
100,838
137,419
238,076
1,269,208
5,857,480
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.3
10.5
16.0
19.5
26.1
23.2
1.2
3.7
8.8
18.5
68.1
100.0
1.5
4.3
9.6
19.4
65.5
100.0
0.1
1.7
6.1
15.5
76.5
100.0
22.4
24.0
26.3
29.4
31.0
15.6
11.7
16.8
23.9
11.4
15.8
11.6
16.2
22.0
10.2
15.1
12.1
19.1
30.3
15.2
Average
Federal Tax
Rate6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
(1) Calendar year. Benefits of the CTC are measured against a current law baseline.
(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) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family size by
dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2008 dollars): 20% $12,738, 40% $24,107, 60% $41,408, 80% $66,804, 90% $95,425, 95% $135,398, 99% $358,614,
99.9% $1,744,098.
(4) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(5) 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.
(6) 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.
24-Jun-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0140
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits by Cash Income Percentile Adjusted for Family Size, 2008 1
Detail Table - Head of Household Tax Units
Percent of Tax Units 4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Benefit
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to
CTC
With CTC
Average Federal Tax Rate 6
Change due to
CTC
With CTC
27.9
71.7
64.8
49.5
11.6
50.7
72.1
28.3
35.2
50.6
88.4
49.3
1.3
3.9
2.2
1.0
0.1
1.9
9.0
50.9
29.4
10.0
0.6
100.0
171
1,006
867
580
81
615
-24.8
37.8
10.5
3.8
0.2
10.1
-1.4
-4.2
-0.1
1.9
3.9
0.0
-5.1
9.4
28.2
28.6
38.9
100.0
-1.4
-3.5
-1.8
-0.8
-0.1
-1.6
-6.9
5.8
15.6
20.2
25.4
14.1
17.0
2.9
1.6
0.3
0.2
83.0
97.1
98.4
99.7
99.8
0.1
0.0
0.0
0.0
0.0
0.6
0.0
0.0
0.0
0.0
114
26
22
4
2
0.5
0.1
0.0
0.0
0.0
1.3
0.6
0.8
1.1
0.5
13.8
6.1
8.2
10.8
5.3
-0.1
0.0
0.0
0.0
0.0
23.4
24.6
25.1
29.6
31.3
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile Adjusted for Family Size, 2008 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Number
(thousands)
Percent of
Total
7,397
7,124
4,769
2,433
1,096
22,867
32.4
31.2
20.9
10.6
4.8
100.0
12,444
28,595
47,702
72,995
175,540
38,999
-688
2,662
8,285
15,331
44,699
6,112
13,132
25,933
39,417
57,663
130,841
32,887
700
214
152
30
3
3.1
0.9
0.7
0.1
0.0
105,949
145,060
271,587
1,513,030
7,690,010
24,878
35,649
68,186
447,569
2,403,868
81,071
109,411
203,401
1,065,461
5,286,142
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-5.5
9.3
17.4
21.0
25.5
15.7
10.3
22.8
25.5
19.9
21.6
100.0
12.9
24.6
25.0
18.7
19.1
100.0
-3.6
13.6
28.3
26.7
35.1
100.0
23.5
24.6
25.1
29.6
31.3
8.3
3.5
4.6
5.2
2.4
7.5
3.1
4.1
4.3
1.9
12.5
5.5
7.4
9.7
4.8
Average
Federal Tax
Rate6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
(1) Calendar year. Benefits of the CTC are measured against a current law baseline.
(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) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family size by
dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2008 dollars): 20% $12,738, 40% $24,107, 60% $41,408, 80% $66,804, 90% $95,425, 95% $135,398, 99% $358,614,
99.9% $1,744,098.
(4) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(5) 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.
(6) 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.
24-Jun-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0140
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits by Cash Income Percentile Adjusted for Family Size, 2008 1
Detail Table - Tax Units with Children
Percent of Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Benefit
Without Tax
Benefit
Benefit as
Percent of AfterTax Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to
CTC
With CTC
Average Federal Tax Rate6
Change due to
CTC
With CTC
36.1
84.3
82.9
78.2
26.7
63.2
63.9
15.8
17.1
21.8
73.3
36.8
1.9
4.6
2.9
1.6
0.1
1.3
5.8
30.4
32.9
26.5
4.3
100.0
272
1,340
1,409
1,242
232
931
-29.8
40.8
13.3
5.9
0.3
4.5
-0.3
-1.3
-1.0
-0.3
2.9
0.0
-1.2
2.1
10.0
19.7
69.3
100.0
-2.0
-4.1
-2.4
-1.3
-0.1
-1.0
-8.7
6.0
15.6
20.3
27.0
21.5
48.6
4.2
1.8
0.4
0.4
51.4
95.8
98.2
99.6
99.6
0.4
0.0
0.0
0.0
0.0
4.0
0.2
0.1
0.0
0.0
416
43
21
7
7
1.2
0.1
0.0
0.0
0.0
0.5
0.5
0.8
1.1
0.6
15.7
11.0
17.1
25.5
12.5
-0.3
0.0
0.0
0.0
0.0
23.7
25.3
27.3
30.3
31.3
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile Adjusted for Family Size, 2008 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Number
(thousands)
Percent of
Total
9,532
10,091
10,383
9,504
8,171
47,814
19.9
21.1
21.7
19.9
17.1
100.0
13,624
32,509
59,220
97,794
299,188
92,771
-911
3,283
10,628
21,048
81,101
20,884
14,534
29,226
48,593
76,746
218,087
71,887
4,266
1,960
1,567
378
37
8.9
4.1
3.3
0.8
0.1
147,940
211,011
381,353
2,125,042
10,289,918
35,493
53,404
104,187
644,445
3,225,373
112,447
157,607
277,165
1,480,597
7,064,545
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-6.7
10.1
18.0
21.5
27.1
22.5
2.9
7.4
13.9
21.0
55.1
100.0
4.0
8.6
14.7
21.2
51.8
100.0
-0.9
3.3
11.1
20.0
66.4
100.0
24.0
25.3
27.3
30.3
31.3
14.2
9.3
13.5
18.1
8.6
14.0
9.0
12.6
16.3
7.6
15.2
10.5
16.4
24.4
11.9
Average
Federal Tax
Rate6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
(1) Calendar year. Benefits of the CTC are measured against a current law baseline.
Note: Tax units with
(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) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family size by
dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2008 dollars): 20% $12,738, 40% $24,107, 60% $41,408, 80% $66,804, 90% $95,425, 95% $135,398, 99% $358,614,
99.9% $1,744,098.
(4) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(5) 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.
(6) 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.
24-Jun-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0140
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits by Cash Income Percentile Adjusted for Family Size, 2008 1
Detail Table - Elderly Tax Units
Percent of Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Benefit
Without Tax
Benefit
Benefit as
Percent of AfterTax Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to
CTC
With CTC
Average Federal Tax Rate6
Change due to
CTC
With CTC
0.6
0.8
3.4
1.7
0.6
1.3
99.4
99.2
96.6
98.3
99.5
98.7
0.1
0.1
0.1
0.0
0.0
0.0
6.0
17.6
45.4
25.1
5.8
100.0
5
10
46
21
4
15
2.0
1.2
1.6
0.3
0.0
0.1
0.0
0.0
-0.1
0.0
0.1
0.0
0.3
1.6
3.0
10.9
84.1
100.0
-0.1
-0.1
-0.1
0.0
0.0
0.0
2.3
4.2
7.1
12.4
25.1
19.4
1.1
0.1
0.2
0.1
0.0
98.9
99.9
99.8
99.9
100.0
0.0
0.0
0.0
0.0
0.0
4.6
0.4
0.7
0.1
0.0
8
1
2
1
0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.0
10.8
10.2
20.5
42.6
21.6
0.0
0.0
0.0
0.0
0.0
17.5
20.2
24.3
30.8
32.8
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile Adjusted for Family Size, 2008 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Number
(thousands)
Percent of
Total
5,613
7,385
4,289
5,224
5,577
28,106
20.0
26.3
15.3
18.6
19.8
100.0
9,578
20,450
39,887
67,270
241,292
73,692
229
871
2,882
8,371
60,517
14,287
9,349
19,579
37,005
58,899
180,775
59,404
2,448
1,424
1,317
389
39
8.7
5.1
4.7
1.4
0.1
101,652
142,666
257,517
1,426,168
6,750,892
17,775
28,757
62,537
438,926
2,214,724
83,877
113,909
194,981
987,243
4,536,168
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.4
4.3
7.2
12.4
25.1
19.4
2.6
7.3
8.3
17.0
65.0
100.0
3.1
8.7
9.5
18.4
60.4
100.0
0.3
1.6
3.1
10.9
84.0
100.0
17.5
20.2
24.3
30.8
32.8
12.0
9.8
16.4
26.8
12.7
12.3
9.7
15.4
23.0
10.6
10.8
10.2
20.5
42.5
21.5
Average
Federal Tax
Rate6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
(1) Calendar year. Benefits of the CTC are measured against a current law baseline.
Note: Elderly tax
(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) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family size by
dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2008 dollars): 20% $12,738, 40% $24,107, 60% $41,408, 80% $66,804, 90% $95,425, 95% $135,398, 99% $358,614,
99.9% $1,744,098.
(4) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(5) 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.
(6) 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.
26-Jun-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0140
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits by Cash Income Percentile, 2008 1
Detail Table - Tax Units with Eligible Children Only
Percent of Tax Units 4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Benefit
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to
CTC
With CTC
Average Federal Tax Rate 6
Change due to
CTC
With CTC
25.9
93.8
99.0
99.2
52.2
74.9
74.1
6.2
1.0
0.8
47.8
25.1
1.0
4.7
4.0
2.5
0.4
1.7
2.0
23.6
30.3
30.7
13.2
100.0
115
1,200
1,650
1,710
745
1,096
-17.9
65.3
19.6
9.8
1.1
5.8
-0.2
-1.3
-1.3
-0.8
3.6
0.0
-0.8
0.8
7.7
17.4
74.8
100.0
-1.1
-4.4
-3.3
-2.0
-0.3
-1.3
-7.2
2.3
13.5
18.4
26.4
20.9
89.8
26.2
3.4
0.7
0.6
10.2
73.8
96.6
99.3
99.5
1.4
0.2
0.0
0.0
0.0
12.0
1.0
0.1
0.0
0.0
1,363
222
39
13
10
4.5
0.5
0.0
0.0
0.0
0.2
0.7
1.1
1.6
0.8
15.7
12.7
19.2
27.3
13.5
-1.0
-0.1
0.0
0.0
0.0
22.1
24.6
27.1
30.3
31.4
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes for Tax Units with Eligible Children Only
by Cash Income Percentile, 2008 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Number
(thousands)
Percent of
Total
7,902
9,037
8,438
8,243
8,106
41,874
18.9
21.6
20.2
19.7
19.4
100.0
10,607
27,486
50,203
85,935
261,145
85,250
-646
1,838
8,418
17,483
69,660
18,924
11,253
25,648
41,786
68,451
191,485
66,326
4,040
2,080
1,617
369
35
9.7
5.0
3.9
0.9
0.1
130,821
185,260
327,573
1,826,254
9,057,570
30,299
45,777
88,641
552,540
2,841,342
100,522
139,483
238,933
1,273,713
6,216,229
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-6.1
6.7
16.8
20.3
26.7
22.2
2.4
7.0
11.9
19.8
59.3
100.0
3.2
8.4
12.7
20.3
55.9
100.0
-0.6
2.1
9.0
18.2
71.3
100.0
23.2
24.7
27.1
30.3
31.4
14.8
10.8
14.8
18.9
9.0
14.6
10.5
13.9
16.9
7.9
15.5
12.0
18.1
25.7
12.7
Average
Federal Tax
Rate6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
(1) Calendar year. Benefits of the CTC are measured against a current law baseline.
(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) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The breaks are (in 2008 dollars): 20% $18,726, 40%
$37,258, 60% $65,634, 80% $110,346, 90% $159,187, 95% $224,851, 99% $601,906, 99.9% $2,906,959.
(4) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(5) 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.
(6) 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.