8-Feb-10
PRELIMINARY RESULTS
Click on PDF or Excel link above for an additional table containing more detail.
http://www.taxpolicycenter.org
Table T10-0074
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits for Tax Units with Eligible Children Only, by Cash Income Level, 2010
Summary Table
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 with Eligible
Children 3
With Tax
Without Tax
Benefit
Benefit
61.1
83.0
94.4
98.2
99.1
99.5
99.3
66.9
6.1
5.0
0.7
82.2
38.9
17.0
5.6
1.8
0.9
0.5
0.7
33.1
93.9
95.1
99.3
17.8
Benefit as
Percent of
After-Tax
4
Income
4.9
5.9
5.8
4.8
4.2
3.2
2.4
0.9
0.0
0.0
0.0
1.9
1
5
Share of Total
Federal Tax
Benefits
Average
Federal Tax
Benefit ($)
Without Credit
2.9
11.0
14.3
13.2
10.8
18.5
16.1
12.7
0.2
0.0
0.0
100.0
-347
-994
-1,450
-1,549
-1,669
-1,699
-1,715
-981
-67
-60
-12
-1,217
-13.6
-9.4
0.5
8.8
13.3
16.9
19.2
23.2
26.5
26.0
28.5
20.4
Average Federal Tax Rate
With Credit
-19.1
-15.8
-5.3
4.4
9.6
14.2
17.3
22.6
26.5
26.0
28.5
18.9
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) 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-Feb-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0074
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits for Tax Units with Eligible Children Only, by Cash Income Level, 2010 1
Detail Table
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 with Eligible
3
Children
With Tax
Without Tax
Benefit
Benefit
61.1
83.0
94.4
98.2
99.1
99.5
99.3
66.9
6.1
5.0
0.7
82.2
38.9
17.0
5.6
1.8
0.9
0.5
0.7
33.1
93.9
95.1
99.3
17.8
Benefit as
Percent of
After-Tax
4
Income
4.9
5.9
5.8
4.8
4.2
3.2
2.4
0.9
0.0
0.0
0.0
1.9
Share of Total
Federal Tax
Benefits
2.9
11.0
14.3
13.2
10.8
18.5
16.1
12.7
0.2
0.0
0.0
100.0
Average Federal Tax Benefit
Dollars
-347
-994
-1,450
-1,549
-1,669
-1,699
-1,715
-981
-67
-60
-12
-1,217
Share of Federal Taxes
5
Average Federal Tax Rate
Without Credit
With Credit
Without Credit
With Credit
-0.5
-1.2
0.1
1.9
2.9
8.6
11.7
31.8
21.0
7.8
15.8
100.0
-0.8
-2.2
-1.0
1.0
2.3
7.8
11.4
33.4
22.6
8.4
17.0
100.0
-13.6
-9.4
0.5
8.8
13.3
16.9
19.2
23.2
26.5
26.0
28.5
20.4
-19.1
-15.8
-5.3
4.4
9.6
14.2
17.3
22.6
26.5
26.0
28.5
18.9
Average
Federal Tax
5
Rate
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-13.6
-9.4
0.5
8.8
13.3
16.9
19.2
23.2
26.5
26.0
28.5
20.4
0.8
2.6
3.8
4.5
4.4
10.4
12.4
27.9
16.1
6.1
11.3
100.0
1.1
3.5
4.7
5.2
4.8
10.9
12.6
26.9
14.9
5.7
10.1
100.0
-0.5
-1.2
0.1
1.9
2.9
8.6
11.7
31.8
21.0
7.8
15.8
100.0
Percent
40.6
68.6
-1,175.1
-50.2
-27.7
-15.8
-10.1
-2.9
-0.1
0.0
0.0
-7.4
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2010 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)
4,246
5,728
5,112
4,401
3,356
5,644
4,863
6,700
1,862
300
125
42,548
Percent of Total
10.0
13.5
12.0
10.3
7.9
13.3
11.4
15.8
4.4
0.7
0.3
100.0
Average
Income
(Dollars)
6,304
15,480
25,279
35,182
45,382
63,551
87,993
143,772
298,671
701,680
3,110,440
81,035
Average
Federal Tax
Burden
(Dollars)
-855
-1,451
123
3,085
6,031
10,745
16,920
33,413
79,211
182,133
885,264
16,527
Average After4
Tax Income
(Dollars)
7,158
16,930
25,156
32,097
39,351
52,806
71,072
110,359
219,460
519,547
2,225,177
64,508
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) 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.