18-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 T10-0111
Extend EGTRRA Child Tax Credit Changes and Reduce Refundability Threshold to $0
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile, 2011 1
Summary Table
Percent of Tax Units
4
2,3
Cash Income Percentile
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Increase
Percent
Change in
After-Tax
Income5
Share of Total
Federal Tax
Change
Average
Federal Tax
Change ($)
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
18.1
24.2
26.5
31.8
15.5
22.9
0.0
0.0
0.0
0.0
0.0
0.0
2.0
1.3
0.7
0.6
0.1
0.5
17.5
25.8
19.8
25.5
10.9
100.0
-195
-306
-261
-403
-196
-267
-1.9
-1.2
-0.5
-0.5
-0.1
-0.4
2.8
10.1
16.7
20.8
27.8
22.7
27.1
5.8
1.6
1.0
0.2
0.0
0.0
0.0
0.0
0.0
0.4
0.0
0.0
0.0
0.0
10.1
0.6
0.2
0.0
0.0
-358
-44
-17
-10
-4
-0.3
0.0
0.0
0.0
0.0
23.9
25.9
27.4
32.2
35.4
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
Number of AMT Taxpayers (millions). Baseline: 17.1
Proposal: 14.5
(1) Calendar year. Baseline is current law, proposal is to extend the CTC provisions in EGTRRA including allowance of credit regardless of AMT, increasing credit
amount to $1,000, and allowing refundability of 15% of earning in excess of threshold. Proposal alse reduces the refundablily threshold to $0.
(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% $17,709, 40% $34,668, 60% $63,846, 80% $104,388, 90% $167,146, 95% $210,251, 99% $555,037, 99.9% $2,351,648.
(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.
18-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0111
Extend EGTRRA Child Tax Credit Changes and Reduce Refundability Threshold to $0
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile, 2011 1
Detail Table
4
Percent of Tax Units
2,3
Cash Income Percentile
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
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
18.1
24.2
26.5
31.8
15.5
22.9
0.0
0.0
0.0
0.0
0.0
0.0
2.0
1.3
0.7
0.6
0.1
0.5
17.5
25.8
19.8
25.5
10.9
100.0
-195
-306
-261
-403
-196
-267
-40.0
-10.4
-3.1
-2.3
-0.3
-1.6
-0.3
-0.4
-0.2
-0.1
0.9
0.0
0.4
3.6
10.1
18.2
67.5
100.0
-1.9
-1.2
-0.5
-0.5
-0.1
-0.4
2.8
10.1
16.7
20.8
27.8
22.7
27.1
5.8
1.6
1.0
0.2
0.0
0.0
0.0
0.0
0.0
0.4
0.0
0.0
0.0
0.0
10.1
0.6
0.2
0.0
0.0
-358
-44
-17
-10
-4
-1.1
-0.1
0.0
0.0
0.0
0.1
0.2
0.3
0.4
0.2
15.0
10.9
16.7
24.9
12.7
-0.3
0.0
0.0
0.0
0.0
23.9
25.9
27.4
32.2
35.4
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, 2011 1
4
Tax Units
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
37,292
34,806
31,498
26,231
22,974
155,368
24.0
22.4
20.3
16.9
14.8
100.0
10,481
26,186
48,373
84,329
267,017
71,667
487
2,946
8,344
17,940
74,335
16,515
9,993
23,240
40,029
66,389
192,682
55,152
4.7
11.3
17.3
21.3
27.8
23.0
3.5
8.2
13.7
19.9
55.1
100.0
4.4
9.4
14.7
20.3
51.7
100.0
0.7
4.0
10.2
18.3
66.6
100.0
11,625
5,563
4,611
1,175
119
7.5
3.6
3.0
0.8
0.1
136,507
191,223
333,276
1,657,137
7,672,765
32,939
49,550
91,386
534,338
2,714,843
103,568
141,672
241,890
1,122,799
4,957,921
24.1
25.9
27.4
32.2
35.4
14.3
9.6
13.8
17.5
8.2
14.1
9.2
13.0
15.4
6.9
14.9
10.7
16.4
24.5
12.5
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
Number of AMT Taxpayers (millions). Baseline: 17.1
Proposal: 14.5
(1) Calendar year. Baseline is current law, proposal is to extend the CTC provisions in EGTRRA including allowance of credit regardless of AMT, increasing credit amount to $1,000, and allowing refundability of 15% of earning
in excess of threshold. Proposal alse reduces the refundablily threshold to $0.
(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% $17,709, 40%
$34,668, 60% $63,846, 80% $104,388, 90% $167,146, 95% $210,251, 99% $555,037, 99.9% $2,351,648.
(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.
18-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0111
Extend EGTRRA Child Tax Credit Changes and Reduce Refundability Threshold to $0
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2011 1
Detail Table
4
Percent of Tax Units
2,3
Cash Income Percentile
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
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
27.3
28.5
27.6
25.8
5.6
22.9
0.0
0.0
0.0
0.0
0.0
0.0
3.6
1.5
0.8
0.6
0.0
0.5
26.0
25.6
22.1
23.1
2.8
100.0
-350
-328
-295
-323
-39
-267
-288.1
-14.0
-4.2
-2.2
-0.1
-1.6
-0.4
-0.4
-0.2
-0.1
1.1
0.0
-0.3
2.6
8.3
17.1
72.1
100.0
-3.5
-1.4
-0.7
-0.4
0.0
-0.4
-2.3
8.5
15.7
19.9
27.6
22.7
10.4
1.1
0.6
0.6
0.2
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
2.5
0.2
0.1
0.0
0.0
-71
-9
-6
-5
-2
-0.3
0.0
0.0
0.0
0.0
0.2
0.2
0.3
0.4
0.2
16.0
12.1
18.0
26.0
13.2
-0.1
0.0
0.0
0.0
0.0
24.2
25.4
27.2
32.1
35.3
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, 2011 1
4
Tax Units
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
30,760
32,347
31,060
29,561
29,073
155,368
19.8
20.8
20.0
19.0
18.7
100.0
9,877
23,756
42,993
73,609
226,631
71,667
121
2,341
7,039
14,934
62,680
16,515
9,755
21,414
35,954
58,674
163,951
55,152
1.2
9.9
16.4
20.3
27.7
23.0
2.7
6.9
12.0
19.5
59.2
100.0
3.5
8.1
13.0
20.2
55.6
100.0
0.2
3.0
8.5
17.2
71.0
100.0
14,540
7,282
5,823
1,428
142
9.4
4.7
3.8
0.9
0.1
115,046
165,470
286,103
1,431,804
6,683,662
27,895
42,056
77,887
459,903
2,357,445
87,152
123,415
208,216
971,901
4,326,217
24.3
25.4
27.2
32.1
35.3
15.0
10.8
15.0
18.4
8.5
14.8
10.5
14.2
16.2
7.2
15.8
11.9
17.7
25.6
13.0
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-5).
Number of AMT Taxpayers (millions). Baseline: 17.1
Proposal: 14.5
(1) Calendar year. Baseline is current law, proposal is to extend the CTC provisions in EGTRRA including allowance of credit regardless of AMT, increasing credit amount to $1,000, and allowing refundability of 15% of earning
in excess of threshold. Proposal alse reduces the refundablily threshold to $0.
(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% $11,939, 40% $23,027, 60% $39,580, 80% $66,854, 90% $96,556, 95% $135,474, 99% $347,747, 99.9%
$1,413,195.
(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.
18-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0111
Extend EGTRRA Child Tax Credit Changes and Reduce Refundability Threshold to $0
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2011 1
Detail Table - Single Tax Units
4
Percent of Tax Units
2,3
Cash Income Percentile
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
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
7.3
3.4
1.7
0.9
0.3
3.1
0.0
0.0
0.0
0.0
0.0
0.0
1.1
0.2
0.1
0.0
0.0
0.1
62.9
23.3
9.0
4.0
0.6
100.0
-75
-29
-13
-7
-1
-29
-13.6
-1.4
-0.2
-0.1
0.0
-0.3
-0.2
-0.1
0.0
0.1
0.2
0.0
1.3
5.2
12.7
19.6
61.1
100.0
-1.0
-0.2
0.0
0.0
0.0
-0.1
6.2
11.1
17.5
21.2
28.4
22.5
0.4
0.5
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.5
0.1
0.0
0.0
0.0
-2
-1
0
0
0
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.1
0.1
0.0
17.4
8.6
15.1
20.0
9.4
0.0
0.0
0.0
0.0
0.0
25.2
25.8
27.2
34.8
38.6
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, 2011 1
4
Tax Units
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
16,453
15,785
14,027
10,881
9,172
67,885
24.2
23.3
20.7
16.0
13.5
100.0
7,653
18,188
31,881
52,390
144,769
40,448
548
2,042
5,604
11,129
41,043
9,109
7,105
16,146
26,277
41,261
103,726
31,339
5,247
1,793
1,749
383
34
7.7
2.6
2.6
0.6
0.1
81,466
114,230
195,211
924,978
4,473,332
20,493
29,453
53,139
321,728
1,728,426
60,973
84,776
142,073
603,251
2,744,906
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
7.2
11.2
17.6
21.2
28.4
22.5
4.6
10.5
16.3
20.8
48.4
100.0
5.5
12.0
17.3
21.1
44.7
100.0
1.5
5.2
12.7
19.6
60.9
100.0
25.2
25.8
27.2
34.8
38.6
15.6
7.5
12.4
12.9
5.5
15.0
7.2
11.7
10.9
4.3
17.4
8.5
15.0
19.9
9.4
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 0509-5).
(1) Calendar year. Baseline is current law, proposal is to extend the CTC provisions in EGTRRA including allowance of credit regardless of AMT, increasing credit amount to $1,000, and allowing refundability of 15% of earning
in excess of threshold. Proposal alse reduces the refundablily threshold to $0.
(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% $11,939, 40% $23,027, 60% $39,580, 80% $66,854, 90% $96,556, 95% $135,474, 99% $347,747, 99.9%
$1,413,195.
(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.
18-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0111
Extend EGTRRA Child Tax Credit Changes and Reduce Refundability Threshold to $0
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2011 1
Detail Table - Married Tax Units Filing Jointly
4
Percent of Tax Units
2,3
Cash Income Percentile
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
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
28.8
37.6
43.5
39.6
8.1
29.1
0.0
0.0
0.0
0.0
0.0
0.0
3.7
1.8
1.1
0.7
0.0
0.4
13.0
18.8
27.1
35.7
4.6
100.0
-471
-487
-538
-528
-57
-372
-186.1
-16.1
-6.4
-3.0
-0.1
-1.3
-0.2
-0.2
-0.3
-0.3
1.0
0.0
-0.1
1.3
5.2
15.0
78.4
100.0
-3.6
-1.6
-1.0
-0.6
0.0
-0.3
-1.7
8.3
14.3
19.1
27.5
23.8
16.6
1.2
0.8
0.8
0.2
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
4.2
0.3
0.1
0.0
0.0
-114
-12
-8
-7
-3
-0.3
0.0
0.0
0.0
0.0
0.2
0.2
0.3
0.4
0.2
15.8
14.0
19.9
28.7
14.5
-0.1
0.0
0.0
0.0
0.0
23.8
25.3
27.3
31.5
34.6
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, 2011 1
4
Tax Units
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
6,220
8,746
11,392
15,301
18,311
60,792
10.2
14.4
18.7
25.2
30.1
100.0
12,978
30,404
55,534
89,245
270,238
119,608
253
3,015
8,454
17,545
74,262
28,874
12,725
27,389
47,079
71,700
195,977
90,734
8,308
5,185
3,832
986
100
13.7
8.5
6.3
1.6
0.2
138,140
184,120
329,973
1,603,838
7,292,608
33,027
46,673
90,178
504,874
2,525,262
105,114
137,448
239,795
1,098,964
4,767,347
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.0
9.9
15.2
19.7
27.5
24.1
1.1
3.7
8.7
18.8
68.1
100.0
1.4
4.3
9.7
19.9
65.1
100.0
0.1
1.5
5.5
15.3
77.5
100.0
23.9
25.4
27.3
31.5
34.6
15.8
13.1
17.4
21.8
10.0
15.8
12.9
16.7
19.7
8.6
15.6
13.8
19.7
28.4
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 0509-5).
(1) Calendar year. Baseline is current law, proposal is to extend the CTC provisions in EGTRRA including allowance of credit regardless of AMT, increasing credit amount to $1,000, and allowing refundability of 15% of earning
in excess of threshold. Proposal alse reduces the refundablily threshold to $0.
(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% $11,939, 40% $23,027, 60% $39,580, 80% $66,854, 90% $96,556, 95% $135,474, 99% $347,747, 99.9%
$1,413,195.
(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.
18-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0111
Extend EGTRRA Child Tax Credit Changes and Reduce Refundability Threshold to $0
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2011 1
Detail Table - Head of Household Tax Units
4
Percent of Tax Units
2,3
Cash Income Percentile
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
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
68.7
71.7
64.4
49.6
11.1
63.7
0.0
0.0
0.0
0.0
0.0
0.0
6.4
3.0
1.4
0.8
0.1
2.1
39.9
35.1
16.2
8.0
0.5
100.0
-839
-784
-536
-483
-79
-681
92.5
-37.5
-6.9
-3.1
-0.2
-11.7
-5.9
-3.2
1.5
3.0
4.7
0.0
-11.0
7.7
28.9
33.7
40.6
100.0
-6.9
-2.8
-1.2
-0.7
-0.1
-1.8
-14.4
4.7
15.6
20.7
26.0
13.4
16.1
3.3
3.3
0.4
0.4
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.5
0.0
0.0
0.0
0.0
-112
-23
-38
-5
-2
-0.4
-0.1
-0.1
0.0
0.0
1.6
0.9
1.0
1.3
0.6
13.9
7.6
8.1
11.0
5.5
-0.1
0.0
0.0
0.0
0.0
23.8
25.2
24.3
32.0
34.9
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, 2011 1
4
Tax Units
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
7,828
7,381
4,991
2,741
1,111
24,178
32.4
30.5
20.6
11.3
4.6
100.0
12,145
27,927
46,364
74,093
175,378
38,406
-907
2,091
7,751
15,798
45,636
5,838
13,052
25,836
38,613
58,295
129,742
32,568
682
241
155
32
3
2.8
1.0
0.6
0.1
0.0
106,498
155,730
269,959
1,323,451
6,199,747
25,472
39,313
65,500
423,606
2,164,690
81,026
116,417
204,459
899,844
4,035,057
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-7.5
7.5
16.7
21.3
26.0
15.2
10.2
22.2
24.9
21.9
21.0
100.0
13.0
24.2
24.5
20.3
18.3
100.0
-5.0
10.9
27.4
30.7
35.9
100.0
23.9
25.2
24.3
32.0
34.9
7.8
4.1
4.5
4.6
2.1
7.0
3.6
4.0
3.7
1.6
12.3
6.7
7.2
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 0509-5).
(1) Calendar year. Baseline is current law, proposal is to extend the CTC provisions in EGTRRA including allowance of credit regardless of AMT, increasing credit amount to $1,000, and allowing refundability of 15% of earning
in excess of threshold. Proposal alse reduces the refundablily threshold to $0.
(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% $11,939, 40% $23,027, 60% $39,580, 80% $66,854, 90% $96,556, 95% $135,474, 99% $347,747, 99.9%
$1,413,195.
(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.
18-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0111
Extend EGTRRA Child Tax Credit Changes and Reduce Refundability Threshold to $0
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2011 1
Detail Table - Tax Units with Children
4
Percent of Tax Units
2,3
Cash Income Percentile
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
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
73.2
84.4
82.5
77.5
19.3
68.8
0.0
0.0
0.0
0.0
0.0
0.0
6.8
3.4
1.9
1.3
0.1
1.2
24.8
25.3
22.5
23.9
2.9
100.0
-968
-984
-888
-974
-135
-809
86.8
-37.3
-8.7
-4.7
-0.2
-3.9
-1.0
-0.9
-0.5
-0.2
2.6
0.0
-2.1
1.7
9.5
19.6
71.2
100.0
-7.4
-3.1
-1.5
-1.0
-0.1
-0.9
-15.9
5.2
16.1
20.7
28.6
22.3
33.7
3.8
2.3
2.1
0.6
0.0
0.0
0.0
0.0
0.0
0.2
0.0
0.0
0.0
0.0
2.6
0.2
0.1
0.0
0.0
-230
-33
-23
-19
-9
-0.6
-0.1
0.0
0.0
0.0
0.6
0.4
0.7
0.9
0.5
18.3
11.2
17.6
24.0
11.8
-0.1
0.0
0.0
0.0
0.0
25.3
26.1
28.5
33.5
35.8
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, 2011 1
4
Tax Units
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
10,146
10,182
10,047
9,721
8,416
48,902
20.8
20.8
20.5
19.9
17.2
100.0
13,131
31,660
58,167
96,287
292,032
90,398
-1,115
2,637
10,250
20,862
83,581
20,984
14,246
29,023
47,917
75,426
208,451
69,414
4,474
2,031
1,536
376
36
9.2
4.2
3.1
0.8
0.1
160,074
208,849
396,436
1,884,947
9,014,245
40,655
54,456
113,167
630,784
3,224,393
119,419
154,393
283,269
1,254,163
5,789,852
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-8.5
8.3
17.6
21.7
28.6
23.2
3.0
7.3
13.2
21.2
55.6
100.0
4.3
8.7
14.2
21.6
51.7
100.0
-1.1
2.6
10.0
19.8
68.6
100.0
25.4
26.1
28.6
33.5
35.8
16.2
9.6
13.8
16.0
7.4
15.7
9.2
12.8
13.9
6.2
17.7
10.8
16.9
23.1
11.4
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 0509-5).
Note: Tax units with children are those claiming an exemption for children at home or away from home.
(1) Calendar year. Baseline is current law, proposal is to extend the CTC provisions in EGTRRA including allowance of credit regardless of AMT, increasing credit amount to $1,000, and allowing refundability of 15% of earning
in excess of threshold. Proposal alse reduces the refundablily threshold to $0.
(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% $11,939, 40% $23,027, 60% $39,580, 80% $66,854, 90% $96,556, 95% $135,474, 99% $347,747, 99.9%
$1,413,195.
(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.
18-May-10
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T10-0111
Extend EGTRRA Child Tax Credit Changes and Reduce Refundability Threshold to $0
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2011 1
Detail Table - Elderly Tax Units
4
Percent of Tax Units
2,3
Cash Income Percentile
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
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
2.0
1.0
2.3
1.5
0.3
1.4
0.0
0.0
0.0
0.0
0.0
0.0
0.2
0.1
0.1
0.0
0.0
0.0
22.1
23.5
32.6
18.9
2.8
100.0
-19
-11
-20
-13
-2
-13
-8.3
-1.4
-0.8
-0.2
0.0
-0.1
0.0
0.0
0.0
0.0
0.1
0.0
0.2
1.5
3.5
10.6
84.2
100.0
-0.2
-0.1
-0.1
0.0
0.0
0.0
2.1
3.8
6.2
12.0
26.2
19.5
0.6
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2.1
0.4
0.2
0.1
0.0
-3
-1
0
-1
0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
10.1
11.4
21.9
40.8
20.6
0.0
0.0
0.0
0.0
0.0
18.2
21.3
25.2
32.5
36.1
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, 2011 1
4
Tax Units
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
4,348
7,946
6,155
5,447
5,552
29,671
14.7
26.8
20.7
18.4
18.7
100.0
9,801
20,388
38,029
67,549
241,246
72,264
227
781
2,380
8,141
63,250
14,075
9,574
19,606
35,648
59,408
177,997
58,188
2,283
1,440
1,410
418
41
7.7
4.9
4.8
1.4
0.1
101,663
154,504
256,863
1,249,575
5,802,387
18,517
32,934
64,816
406,661
2,092,735
83,146
121,570
192,047
842,915
3,709,653
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.3
3.8
6.3
12.1
26.2
19.5
2.0
7.6
10.9
17.2
62.5
100.0
2.4
9.0
12.7
18.7
57.2
100.0
0.2
1.5
3.5
10.6
84.1
100.0
18.2
21.3
25.2
32.5
36.1
10.8
10.4
16.9
24.4
11.1
11.0
10.1
15.7
20.4
8.8
10.1
11.4
21.9
40.7
20.6
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 0509-5).
Note: Elderly tax units are those with either head or spouse (if filing jointly) age 65 or older.
(1) Calendar year. Baseline is current law, proposal is to extend the CTC provisions in EGTRRA including allowance of credit regardless of AMT, increasing credit amount to $1,000, and allowing refundability of 15% of earning
in excess of threshold. Proposal alse reduces the refundablily threshold to $0.
(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% $11,939, 40% $23,027, 60% $39,580, 80% $66,854, 90% $96,556, 95% $135,474, 99% $347,747, 99.9%
$1,413,195.
(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.