24-May-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 T10-0119
Bipartisan Tax Fairness and Simplification Act of 2010 ("Wyden-Gregg") vs. Current Policy Baseline
Distribution of Federal Tax Change by Cash Income Percentile, 2014 1
Summary Table
Percent of Tax Units 4
Cash Income Percentile
2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Increase
Percent
Change in
After-Tax
Income5
Share of Total
Federal Tax
Change
Average
Federal Tax
Change ($)
Average Federal Tax Rate
Change (%
Points)
6
Under the
Proposal
26.7
65.4
72.2
58.3
38.8
51.4
17.1
18.8
23.6
41.0
61.1
29.1
0.6
1.4
1.3
0.3
-1.0
-0.1
-22.0
-116.0
-165.4
-59.6
463.0
100.0
-64
-369
-581
-250
2,227
71
-0.5
-1.2
-1.1
-0.3
0.7
0.1
4.1
9.0
15.3
19.1
25.6
20.8
48.9
32.1
26.6
18.0
9.2
50.9
67.8
73.3
82.0
90.8
-0.2
-1.0
-0.9
-1.7
-2.3
20.6
82.9
107.3
252.2
154.8
196
1,622
2,594
23,861
144,858
0.1
0.8
0.7
1.2
1.6
22.0
23.9
25.5
29.0
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 0509-4).
Number of AMT Taxpayers (millions). Baseline: 5.7
Proposal: 0.0
(1) Calendar year. Baseline is current policy. Proposal includes individual, corporate, and payroll tax provisions.
(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% $19,925, 40% $38,371, 60% $67,991, 80% $116,859, 90% $169,290, 95% $237,098, 99% $632,966, 99.9% $2,923,051.
(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-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0119
Bipartisan Tax Fairness and Simplification Act of 2010 ("Wyden-Gregg") vs. Current Policy Baseline
Distribution of Federal Tax Change by Cash Income Percentile, 2014 1
Detail Table
Percent of Tax Units 4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Increase
Percent Change
in After-Tax
Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate 6
Change (%
Points)
Under the
Proposal
26.7
65.4
72.2
58.3
38.8
51.4
17.1
18.8
23.6
41.0
61.1
29.1
0.6
1.4
1.3
0.3
-1.0
-0.1
-22.0
-116.0
-165.4
-59.6
463.0
100.0
-64
-369
-581
-250
2,227
71
-11.2
-11.9
-6.4
-1.4
3.0
0.4
-0.1
-0.5
-0.7
-0.3
1.7
0.0
0.7
3.6
10.1
18.2
67.3
100.0
-0.5
-1.2
-1.1
-0.3
0.7
0.1
4.1
9.0
15.3
19.1
25.6
20.8
48.9
32.1
26.6
18.0
9.2
50.9
67.8
73.3
82.0
90.8
-0.2
-1.0
-0.9
-1.7
-2.3
20.6
82.9
107.3
252.2
154.8
196
1,622
2,594
23,861
144,858
0.6
3.3
2.8
4.3
5.3
0.0
0.3
0.4
1.0
0.6
14.4
10.8
16.5
25.6
12.8
0.1
0.8
0.7
1.2
1.6
22.0
23.9
25.5
29.0
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, 2014 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
39,416
36,129
32,694
27,378
23,893
161,771
24.4
22.3
20.2
16.9
14.8
100.0
12,314
30,366
55,193
95,202
301,906
81,418
575
3,097
9,022
18,406
74,902
16,855
11,740
27,269
46,171
76,797
227,005
64,563
4.7
10.2
16.4
19.3
24.8
20.7
3.7
8.3
13.7
19.8
54.8
100.0
4.4
9.4
14.5
20.1
51.9
100.0
0.8
4.1
10.8
18.5
65.6
100.0
12,052
5,875
4,752
1,215
123
7.5
3.6
2.9
0.8
0.1
148,490
211,074
372,043
1,988,880
9,038,534
32,479
48,811
92,395
553,527
2,712,962
116,011
162,263
279,648
1,435,353
6,325,572
21.9
23.1
24.8
27.8
30.0
13.6
9.4
13.4
18.3
8.4
13.4
9.1
12.7
16.7
7.4
14.4
10.5
16.1
24.7
12.2
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: 5.7
Proposal: 0.0
(1) Calendar year. Baseline is current policy. Proposal includes individual, corporate, and payroll tax provisions.
(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% $19,925, 40%
$38,371, 60% $67,991, 80% $116,859, 90% $169,290, 95% $237,098, 99% $632,966, 99.9% $2,923,051.
(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-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0119
Bipartisan Tax Fairness and Simplification Act of 2010 ("Wyden-Gregg") vs. Current Policy Baseline
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2014 1
Detail Table
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Increase
Percent Change
in After-Tax
Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
17.8
61.5
74.3
65.1
41.4
51.4
24.6
14.8
17.9
34.2
58.3
29.1
0.0
1.4
1.3
0.6
-0.9
-0.1
-0.4
-100.0
-151.6
-111.5
463.4
100.0
-1
-342
-540
-418
1,741
71
-0.8
-14.5
-7.4
-2.7
2.8
0.4
0.0
-0.4
-0.7
-0.5
1.7
0.0
0.2
2.5
7.9
17.1
72.2
100.0
0.0
-1.2
-1.1
-0.5
0.7
0.1
1.4
7.3
13.8
18.4
25.4
20.8
52.8
36.3
24.6
19.0
10.6
46.8
63.5
75.4
80.9
89.4
0.2
-0.8
-1.2
-1.7
-2.3
-19.4
75.7
144.2
263.0
160.6
-146
1,126
2,734
20,683
126,570
-0.5
2.7
3.5
4.3
5.3
-0.2
0.3
0.5
1.0
0.6
15.6
12.1
17.9
26.6
13.3
-0.1
0.6
0.9
1.2
1.6
22.0
23.9
25.5
28.8
31.4
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, 2014 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
32,445
33,595
32,248
30,634
30,589
161,771
20.1
20.8
19.9
18.9
18.9
100.0
11,625
27,586
48,898
83,092
254,362
81,418
161
2,363
7,276
15,680
62,882
16,855
11,464
25,223
41,622
67,412
191,480
64,563
1.4
8.6
14.9
18.9
24.7
20.7
2.9
7.0
12.0
19.3
59.1
100.0
3.6
8.1
12.9
19.8
56.1
100.0
0.2
2.9
8.6
17.6
70.6
100.0
15,343
7,725
6,061
1,461
146
9.5
4.8
3.8
0.9
0.1
126,648
179,728
316,716
1,731,056
7,958,455
27,944
41,851
78,113
477,668
2,371,965
98,703
137,877
238,603
1,253,389
5,586,490
22.1
23.3
24.7
27.6
29.8
14.8
10.5
14.6
19.2
8.8
14.5
10.2
13.9
17.5
7.8
15.7
11.9
17.4
25.6
12.7
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: 5.7
Proposal: 0.0
(1) Calendar year. Baseline is current policy. Proposal includes individual, corporate, and payroll tax provisions.
(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% $13,694, 40% $25,631, 60% $43,537, 80% $71,347, 90% $102,829, 95% $145,557, 99% $382,124,
99.9% $1,787,588.
(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-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0119
Bipartisan Tax Fairness and Simplification Act of 2010 ("Wyden-Gregg") vs. Current Policy Baseline
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2014 1
Detail Table - Single Tax Units
Percent of Tax Units 4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Increase
Percent Change
in After-Tax
Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate 6
Change (%
Points)
Under the
Proposal
22.2
60.0
75.9
67.6
32.6
50.5
13.8
6.2
16.3
31.6
66.9
22.5
0.2
1.7
1.4
1.0
-1.7
-0.1
-9.1
-172.4
-195.0
-166.5
643.1
100.0
-17
-332
-425
-450
2,103
45
-2.6
-15.4
-7.1
-3.6
5.1
0.5
-0.1
-0.8
-1.0
-0.9
2.7
0.0
1.6
4.4
11.8
20.5
61.7
100.0
-0.2
-1.6
-1.2
-0.8
1.3
0.1
6.9
8.6
15.3
20.1
26.6
20.7
46.1
22.5
11.6
14.5
8.6
53.2
77.0
88.3
85.5
91.3
-0.2
-2.1
-2.8
-2.1
-2.6
23.3
158.1
263.0
198.7
98.9
145
2,054
4,614
17,526
98,178
0.7
6.6
8.6
5.1
5.2
0.0
0.7
1.2
0.8
0.4
15.9
11.8
15.3
18.8
9.2
0.2
1.6
2.1
1.5
1.7
23.7
25.8
26.3
30.8
34.5
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, 2014 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
17,338
16,635
14,693
11,840
9,787
71,749
24.2
23.2
20.5
16.5
13.6
100.0
8,939
21,188
36,403
59,738
164,155
46,638
637
2,155
5,985
12,473
41,636
9,628
8,303
19,034
30,418
47,264
122,519
37,010
5,137
2,463
1,825
363
32
7.2
3.4
2.5
0.5
0.0
90,448
128,290
220,487
1,167,870
5,717,077
21,298
31,094
53,434
341,804
1,873,452
69,150
97,196
167,053
826,066
3,843,625
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
7.1
10.2
16.4
20.9
25.4
20.6
4.6
10.5
16.0
21.1
48.0
100.0
5.4
11.9
16.8
21.1
45.2
100.0
1.6
5.2
12.7
21.4
59.0
100.0
23.6
24.2
24.2
29.3
32.8
13.9
9.4
12.0
12.7
5.5
13.4
9.0
11.5
11.3
4.7
15.8
11.1
14.1
18.0
8.8
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 0509-4).
(1) Calendar year. Baseline is current policy. Proposal includes individual, corporate, and payroll tax provisions.
(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% $13,694, 40% $25,631, 60% $43,537, 80% $71,347, 90% $102,829, 95% $145,557, 99% $382,124,
99.9% $1,787,588.
(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-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0119
Bipartisan Tax Fairness and Simplification Act of 2010 ("Wyden-Gregg") vs. Current Policy Baseline
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2014 1
Detail Table - Married Tax Units Filing Jointly
Percent of Tax Units 4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Increase
Percent Change
in After-Tax
Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate 6
Change (%
Points)
Under the
Proposal
14.3
60.3
72.3
63.7
45.0
53.2
31.5
18.6
17.7
35.7
54.9
35.1
-0.1
1.0
1.2
0.5
-0.7
-0.2
0.8
-19.6
-52.5
-40.9
212.2
100.0
18
-326
-670
-396
1,643
238
8.5
-11.4
-7.9
-2.2
2.2
0.8
0.0
-0.2
-0.5
-0.5
1.1
0.0
0.1
1.2
4.9
14.7
79.0
100.0
0.1
-0.9
-1.1
-0.4
0.5
0.2
1.4
7.1
12.3
17.3
25.1
21.7
55.9
42.6
29.3
20.4
11.0
43.9
57.4
70.7
79.6
89.0
0.3
-0.4
-0.7
-1.6
-2.2
-18.2
23.4
54.4
152.7
96.3
-296
699
2,017
21,683
134,892
-0.9
1.5
2.2
4.2
5.4
-0.3
0.1
0.3
1.0
0.7
15.6
13.0
20.0
30.5
15.0
-0.2
0.3
0.6
1.1
1.6
21.3
23.3
25.4
28.3
30.8
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, 2014 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
6,636
8,855
11,532
15,214
19,015
61,925
10.7
14.3
18.6
24.6
30.7
100.0
15,449
35,411
63,113
102,030
304,240
136,599
205
2,855
8,448
18,070
74,573
29,382
15,244
32,557
54,665
83,960
229,666
107,217
9,075
4,934
3,970
1,036
105
14.7
8.0
6.4
1.7
0.2
148,661
206,766
363,199
1,904,848
8,500,613
31,887
47,478
90,141
517,740
2,481,611
116,774
159,288
273,058
1,387,108
6,019,002
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
1.3
8.1
13.4
17.7
24.5
21.5
1.2
3.7
8.6
18.4
68.4
100.0
1.5
4.3
9.5
19.2
65.8
100.0
0.1
1.4
5.4
15.1
77.9
100.0
21.5
23.0
24.8
27.2
29.2
16.0
12.1
17.1
23.3
10.6
16.0
11.8
16.3
21.7
9.5
15.9
12.9
19.7
29.5
14.3
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 0509-4).
(1) Calendar year. Baseline is current policy. Proposal includes individual, corporate, and payroll tax provisions.
(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% $13,694, 40% $25,631, 60% $43,537, 80% $71,347, 90% $102,829, 95% $145,557, 99% $382,124,
99.9% $1,787,588.
(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-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0119
Bipartisan Tax Fairness and Simplification Act of 2010 ("Wyden-Gregg") vs. Current Policy Baseline
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2014 1
Detail Table - Head of Household Tax Units
Percent of Tax Units 4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Increase
Percent Change
in After-Tax
Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate 6
Change (%
Points)
Under the
Proposal
10.8
64.5
74.8
64.4
59.3
49.0
42.4
29.3
21.7
34.9
39.8
33.0
-0.1
1.2
1.3
0.7
-0.2
0.7
-2.1
42.0
46.9
19.6
-6.3
100.0
18
-372
-598
-455
332
-267
-1.9
-17.2
-7.3
-2.8
0.7
-4.2
-0.1
-1.4
-0.9
0.5
1.9
0.0
-4.7
8.9
26.2
30.3
39.2
100.0
0.1
-1.1
-1.1
-0.6
0.2
-0.6
-6.3
5.5
14.3
19.4
24.4
13.6
64.7
55.0
47.6
19.5
6.4
34.1
44.1
52.2
80.5
93.4
0.5
-0.2
-0.4
-1.7
-2.3
6.2
-1.1
-2.1
-9.3
-5.1
-509
314
791
18,011
119,513
-1.8
0.8
1.1
4.3
5.3
0.4
0.3
0.4
0.8
0.4
14.8
6.0
8.4
10.0
4.5
-0.4
0.2
0.3
1.2
1.6
22.6
23.8
23.6
29.1
31.5
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, 2014 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
8,213
7,711
5,352
2,936
1,291
25,605
32.1
30.1
20.9
11.5
5.0
100.0
14,265
32,535
53,424
82,768
193,413
44,717
-911
2,165
8,212
16,487
46,838
6,332
15,176
30,370
45,212
66,280
146,575
38,385
836
234
185
35
3
3.3
0.9
0.7
0.1
0.0
121,470
168,242
298,680
1,516,552
7,596,169
27,966
39,720
69,630
422,744
2,276,497
93,505
128,522
229,050
1,093,807
5,319,673
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-6.4
6.7
15.4
19.9
24.2
14.2
10.2
21.9
25.0
21.2
21.8
100.0
12.7
23.8
24.6
19.8
19.3
100.0
-4.6
10.3
27.1
29.9
37.3
100.0
23.0
23.6
23.3
27.9
30.0
8.9
3.4
4.8
4.7
2.0
8.0
3.1
4.3
3.9
1.6
14.4
5.7
8.0
9.2
4.1
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 0509-4).
(1) Calendar year. Baseline is current policy. Proposal includes individual, corporate, and payroll tax provisions.
(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% $13,694, 40% $25,631, 60% $43,537, 80% $71,347, 90% $102,829, 95% $145,557, 99% $382,124,
99.9% $1,787,588.
(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-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0119
Bipartisan Tax Fairness and Simplification Act of 2010 ("Wyden-Gregg") vs. Current Policy Baseline
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2014 1
Detail Table - Tax Units with Children
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Increase
Percent Change
in After-Tax
Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
7.8
62.8
71.3
51.7
34.9
46.0
51.4
34.1
26.8
48.0
65.0
44.1
-0.2
1.1
1.0
0.0
-1.0
-0.3
2.7
-36.7
-58.1
-1.1
193.2
100.0
27
-359
-568
-11
2,322
204
-2.1
-14.5
-5.6
-0.1
2.7
1.0
0.0
-0.4
-0.7
-0.2
1.2
0.0
-1.2
2.1
9.4
20.2
69.4
100.0
0.2
-1.0
-0.9
0.0
0.7
0.2
-7.9
5.8
14.6
19.4
26.5
20.8
41.8
26.3
31.9
12.7
7.2
58.2
73.7
68.0
87.3
92.8
-0.5
-1.2
-0.5
-1.7
-2.3
26.1
42.5
24.2
100.4
60.5
593
2,154
1,539
26,634
170,099
1.5
3.7
1.4
4.1
5.3
0.1
0.3
0.1
0.7
0.5
16.4
11.4
17.3
24.4
11.5
0.4
0.9
0.4
1.2
1.6
23.2
25.0
26.6
30.1
31.8
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, 2014 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
10,239
10,393
10,382
10,009
8,454
49,780
20.6
20.9
20.9
20.1
17.0
100.0
15,665
36,734
65,963
110,334
330,139
102,631
-1,263
2,478
10,205
21,435
85,043
21,162
16,928
34,256
55,758
88,899
245,096
81,469
4,468
2,003
1,599
383
36
9.0
4.0
3.2
0.8
0.1
169,045
241,711
432,254
2,245,797
10,608,037
38,543
58,197
113,402
649,567
3,206,678
130,502
183,515
318,852
1,596,230
7,401,359
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-8.1
6.8
15.5
19.4
25.8
20.6
3.1
7.5
13.4
21.6
54.6
100.0
4.3
8.8
14.3
21.9
51.1
100.0
-1.2
2.4
10.1
20.4
68.2
100.0
22.8
24.1
26.2
28.9
30.2
14.8
9.5
13.5
16.8
7.5
14.4
9.1
12.6
15.1
6.6
16.4
11.1
17.2
23.6
11.0
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 0509-4).
Note: Tax units with children are those claiming an exemption for children at home or away from home.
(1) Calendar year. Baseline is current policy. Proposal includes individual, corporate, and payroll tax provisions.
(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% $13,694, 40% $25,631, 60% $43,537, 80% $71,347, 90% $102,829, 95% $145,557, 99% $382,124,
99.9% $1,787,588.
(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-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0119
Bipartisan Tax Fairness and Simplification Act of 2010 ("Wyden-Gregg") vs. Current Policy Baseline
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2014 1
Detail Table - Elderly Tax Units
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Increase
Percent Change
in After-Tax
Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
22.1
44.0
71.6
85.5
59.3
55.6
3.2
1.6
3.7
12.9
40.2
11.1
0.0
0.7
1.0
1.5
-0.5
0.2
0.7
36.7
67.1
140.0
-144.6
100.0
-5
-167
-419
-1,020
1,023
-126
-1.9
-19.3
-17.6
-12.4
1.7
-1.0
0.0
-0.3
-0.6
-1.3
2.2
0.0
0.3
1.5
3.0
9.5
85.6
100.0
0.0
-0.7
-1.0
-1.3
0.4
-0.2
2.3
2.9
4.6
9.5
22.7
16.5
75.6
64.6
35.4
22.1
10.2
23.5
35.1
64.6
77.9
89.8
1.4
0.8
-0.6
-1.8
-2.4
82.1
35.0
-46.4
-215.3
-133.6
-1,319
-1,002
1,362
21,048
120,629
-7.4
-3.4
2.2
4.8
5.6
-0.7
-0.2
0.6
2.5
1.5
9.8
9.6
20.4
45.8
24.1
-1.2
-0.6
0.5
1.3
1.7
14.3
17.3
21.7
28.9
31.9
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, 2014 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
5,217
8,927
6,483
5,566
5,729
32,167
16.2
27.8
20.2
17.3
17.8
100.0
11,689
23,861
42,973
75,950
276,230
79,440
270
863
2,381
8,214
61,798
13,202
11,419
22,998
40,592
67,736
214,432
66,238
2,522
1,413
1,379
414
45
7.8
4.4
4.3
1.3
0.1
114,468
163,898
286,923
1,607,917
7,094,632
17,737
29,422
60,842
443,469
2,141,310
96,732
134,476
226,081
1,164,447
4,953,322
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.3
3.6
5.5
10.8
22.4
16.6
2.4
8.3
10.9
16.5
61.9
100.0
2.8
9.6
12.4
17.7
57.7
100.0
0.3
1.8
3.6
10.8
83.4
100.0
15.5
18.0
21.2
27.6
30.2
11.3
9.1
15.5
26.1
12.5
11.5
8.9
14.6
22.7
10.4
10.5
9.8
19.8
43.3
22.6
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 0509-4).
Note: Elderly tax units are those with either head or spouse (if filing jointly) age 65 or older.
(1) Calendar year. Baseline is current policy. Proposal includes individual, corporate, and payroll tax provisions.
(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% $13,694, 40% $25,631, 60% $43,537, 80% $71,347, 90% $102,829, 95% $145,557, 99% $382,124,
99.9% $1,787,588.
(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.