8-Feb-10
PRELIMINARY RESULTS
Click on PDF or Excel link above for an additional table containing more detail.
http://www.taxpolicycenter.org
Table T10-0075
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits for Tax Units with Eligible Children Only, by Cash Income Percentile, 2010
Summary Table
Cash Income Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
2,3
Percent of Tax Units with Eligible
Children4
With Tax
Without Tax
Benefit
Benefit
Benefit as
Percent of
After-Tax
Income5
1
Average Federal Tax Rate6
Share of Total
Federal Tax
Benefits
Average
Federal Tax
Benefit ($)
Without Credit
With Credit
73.0
94.7
98.9
99.3
47.1
82.2
27.0
5.3
1.1
0.8
52.9
17.8
5.4
5.6
4.0
2.5
0.4
1.9
10.2
25.0
26.5
27.7
10.4
100.0
-640
-1,451
-1,647
-1,717
-654
-1,217
-11.5
1.7
13.8
19.0
25.5
20.4
-17.6
-3.8
10.3
17.0
25.2
18.9
81.1
18.9
5.6
3.6
0.8
18.9
81.1
94.5
96.4
99.2
1.1
0.1
0.0
0.0
0.0
9.6
0.6
0.2
0.0
0.0
-1,185
-151
-66
-46
-14
22.5
25.1
26.7
27.6
28.7
21.6
25.1
26.7
27.6
28.7
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-4).
Number of AMT Taxpayers (millions). Baseline: 28.3
Proposal: 28.1
(1) Calendar year. Benefits of the credit are calculated 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) 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 2009 dollars): 20% $17,983, 40% $35,188, 60% $63,156, 80% $104,403, 90% $163,028, 95% $207,739, 99% $524,199, 99.9% $2,083,935.
(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.
8-Feb-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0075
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits for Tax Units with Eligible Children Only, by Cash Income Percentile, 2010 1
Detail Table
Cash Income Percentile2,3
Percent of Tax Units with Eligible
Children4
With Benefit
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Without Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefit
Share of Federal Taxes
Average Federal Tax Rate 6
Dollars
Percent
Without Credit
With Credit
Without Credit
With Credit
73.0
94.7
98.9
99.3
47.1
82.2
27.0
5.3
1.1
0.8
52.9
17.8
5.4
5.6
4.0
2.5
0.4
1.9
10.2
25.0
26.5
27.7
10.4
100.0
-640
-1,451
-1,647
-1,717
-654
-1,217
52.6
-317.5
-25.1
-10.8
-1.0
-7.4
-1.4
0.6
7.8
18.9
74.0
100.0
-2.4
-1.4
6.3
18.2
79.1
100.0
-11.5
1.7
13.8
19.0
25.5
20.4
-17.6
-3.8
10.3
17.0
25.2
18.9
81.1
18.9
5.6
3.6
0.8
18.9
81.1
94.5
96.4
99.2
1.1
0.1
0.0
0.0
0.0
9.6
0.6
0.2
0.0
0.0
-1,185
-151
-66
-46
-14
-4.0
-0.3
-0.1
0.0
0.0
17.8
13.9
19.8
22.5
10.8
18.5
15.0
21.3
24.3
11.6
22.5
25.1
26.7
27.6
28.7
21.6
25.1
26.7
27.6
28.7
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, 2010 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
8,258
8,909
8,339
8,341
8,242
42,548
19.4
20.9
19.6
19.6
19.4
100.0
10,548
26,236
47,589
83,695
247,748
81,035
-1,215
457
6,566
15,934
63,163
16,527
11,763
25,779
41,023
67,761
184,584
64,508
-11.5
1.7
13.8
19.0
25.5
20.4
2.5
6.8
11.5
20.3
59.2
100.0
3.5
8.4
12.5
20.6
55.4
100.0
-1.4
0.6
7.8
18.9
74.0
100.0
4,178
2,077
1,614
374
36
9.8
4.9
3.8
0.9
0.1
133,596
187,819
322,818
1,532,340
7,333,307
30,018
47,204
86,201
422,806
2,106,566
103,579
140,615
236,618
1,109,534
5,226,741
22.5
25.1
26.7
27.6
28.7
16.2
11.3
15.1
16.6
7.6
15.8
10.6
13.9
15.1
6.8
17.8
13.9
19.8
22.5
10.7
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-4).
Number of AMT Taxpayers (millions). Baseline: 28.3
Proposal: 28.1
(1) Calendar year. Benefits of the credit are calculated 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) 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 2009 dollars): 20% $17,983, 40%
$35,188, 60% $63,156, 80% $104,403, 90% $163,028, 95% $207,739, 99% $524,199, 99.9% $2,083,935.
(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.
8-Feb-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0075
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits for Tax Units with Eligible Children Only, by Cash Income Percentile Adjusted for Family Size, 2010 1
Detail Table
Cash Income Percentile2,3
Percent of Tax Units with Eligible
Children4
With Benefit
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Without Benefit
Benefit as
Percent of AfterTax Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefit
Share of Federal Taxes
Average Federal Tax Rate6
Dollars
Percent
Without Credit
With Credit
Without Credit
With Credit
76.0
96.9
99.1
99.1
30.4
82.2
24.0
3.1
0.9
0.9
69.6
17.8
6.1
5.5
3.5
2.0
0.1
1.9
16.5
29.7
27.7
22.8
3.0
100.0
-846
-1,617
-1,676
-1,541
-251
-1,217
63.6
-85.4
-18.0
-8.0
-0.3
-7.4
-1.9
2.6
11.3
21.1
66.8
100.0
-3.4
0.4
10.0
21.0
71.8
100.0
-10.6
6.0
16.1
20.2
26.1
20.4
-17.3
0.9
13.2
18.6
26.0
18.9
52.4
5.7
3.3
3.5
0.8
47.6
94.3
96.7
96.5
99.2
0.4
0.0
0.0
0.0
0.0
2.7
0.2
0.1
0.0
0.0
-422
-60
-41
-37
-14
-1.1
-0.1
0.0
0.0
0.0
18.5
10.8
17.0
20.5
10.0
19.7
11.7
18.4
22.1
10.7
24.1
25.0
27.2
27.8
28.8
23.9
25.0
27.1
27.8
28.8
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, 2010 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
10,122
9,507
8,561
7,657
6,242
42,548
23.8
22.4
20.1
18.0
14.7
100.0
12,587
31,383
57,934
96,096
288,389
81,035
-1,329
1,892
9,309
19,390
75,228
16,527
13,917
29,491
48,625
76,706
213,161
64,508
-10.6
6.0
16.1
20.2
26.1
20.4
3.7
8.7
14.4
21.3
52.2
100.0
5.1
10.2
15.2
21.4
48.5
100.0
-1.9
2.6
11.3
21.1
66.8
100.0
3,370
1,461
1,128
284
28
7.9
3.4
2.7
0.7
0.1
159,627
208,039
391,292
1,823,150
8,613,882
38,532
52,053
106,253
507,291
2,476,295
121,094
155,985
285,039
1,315,859
6,137,586
24.1
25.0
27.2
27.8
28.8
15.6
8.8
12.8
15.0
7.1
14.9
8.3
11.7
13.6
6.3
18.5
10.8
17.0
20.5
10.0
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-4).
Number of AMT Taxpayers (millions). Baseline: 28.3
Proposal: 28.1
(1) Calendar year. Benefits of the credit are calculated 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) 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 2009 dollars): 20% $12,190, 40% $23,068, 60% $39,409, 80% $64,658, 90% $93,477, 95% $129,830, 99% $325,380, 99.9%
$1,292,047.
(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.