8‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0059
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile, 2012 1
Summary Table
Percent of Tax Units4
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 Rate6
Change (% Points)
Under the Proposal
0.1
2.8
15.8
48.3
83.6
24.4
0.0
0.0
0.0
0.2
0.4
0.1
0.0
0.0
0.4
1.5
1.6
1.2
0.0
0.3
4.6
24.5
70.6
100.0
0
‐8
‐158
‐1,010
‐3,309
‐697
0.0
0.0
‐0.3
‐1.2
‐1.2
‐0.9
2.6
9.3
15.9
19.0
24.9
20.5
80.4
89.6
92.2
51.9
27.0
0.4
0.4
0.4
0.8
1.2
2.4
2.6
2.2
0.1
0.0
26.8
19.6
23.4
0.8
0.0
‐2,501
‐3,715
‐5,496
‐736
‐172
‐1.9
‐1.9
‐1.6
0.0
0.0
21.5
22.8
24.6
28.8
31.4
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0509‐7).
Number of AMT Taxpayers (millions). Baseline: 37.1 Proposal: 4.5
(1) Calendar year. Baseline is current law. Proposal would allow non‐refundable credits against tentative AMT and index the AMT exemption, rate bracket thresholds, and phaseout‐out exemption threshold to inflation after 2011.
(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% $19,180, 40% $36,929, 60% $64,310, 80% $109,750, 90% $159,830, 95% $226,459, 99% $601,248, 99.9% $2,739,880.
(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‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0059
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile, 2012 1
Detail Table
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Increase
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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
0.1
2.8
15.8
48.3
83.6
24.4
0.0
0.0
0.0
0.2
0.4
0.1
0.0
0.0
0.4
1.5
1.6
1.2
0.0
0.3
4.6
24.5
70.6
100.0
0
‐8
‐158
‐1,010
‐3,309
‐697
0.0
‐0.3
‐1.9
‐5.8
‐4.6
‐4.3
0.0
0.2
0.3
‐0.3
‐0.2
0.0
0.5
3.8
10.6
18.1
66.8
100.0
0.0
0.0
‐0.3
‐1.2
‐1.2
‐0.9
2.6
9.3
15.9
19.0
24.9
20.5
80.4
89.6
92.2
51.9
27.0
0.4
0.4
0.4
0.8
1.2
2.4
2.6
2.2
0.1
0.0
26.8
19.6
23.4
0.8
0.0
‐2,501
‐3,715
‐5,496
‐736
‐172
‐7.9
‐7.8
‐6.1
‐0.1
0.0
‐0.6
‐0.4
‐0.3
1.1
0.6
14.1
10.6
16.3
25.8
13.0
‐1.9
‐1.9
‐1.6
0.0
0.0
21.5
22.8
24.6
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, 2012 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 After‐
Tax Income5 (Dollars)
Average Federal Tax Rate6
Share of Pre‐
Tax Income
Share of Post‐
Tax Income
Share of Federal Taxes
Percent of Total
Percent of Total
Percent of Total
39,758
34,994
31,866
26,607
23,400
157,348
25.3
22.2
20.3
16.9
14.9
100.0
11,009
28,231
50,823
86,565
276,554
74,905
288
2,638
8,220
17,436
72,256
16,040
10,721
25,593
42,603
69,129
204,298
58,865
2.6
9.3
16.2
20.1
26.1
21.4
3.7
8.4
13.7
19.5
54.9
100.0
4.6
9.7
14.7
19.9
51.6
100.0
0.5
3.7
10.4
18.4
67.0
100.0
11,748
5,794
4,667
1,190
120
7.5
3.7
3.0
0.8
0.1
134,967
193,464
343,481
1,815,859
8,314,540
31,548
47,881
89,906
523,431
2,610,385
103,418
145,584
253,575
1,292,429
5,704,155
23.4
24.8
26.2
28.8
31.4
13.5
9.5
13.6
18.3
8.5
13.1
9.1
12.8
16.6
7.4
14.7
11.0
16.6
24.7
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 0509‐7).
Number of AMT Taxpayers (millions). Baseline: 37.1 Proposal: 4.5
(1) Calendar year. Baseline is current law. Proposal would allow non‐refundable credits against tentative AMT and index the AMT exemption, rate bracket thresholds, and phaseout‐out exemption threshold to inflation after 2011.
(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% $19,180, 40% $36,929, 60% $64,310, 80% $109,750, 90% $159,830, 95% $226,459, 99% $601,248, 99.9% $2,739,880.
(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‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0059
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Increase
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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
0.1
6.8
18.1
36.5
65.3
24.4
0.0
0.0
0.0
0.1
0.3
0.1
0.0
0.2
0.9
1.7
1.3
1.2
0.0
1.2
9.3
27.5
62.1
100.0
0
‐41
‐324
‐1,003
‐2,269
‐697
0.1
‐2.1
‐4.7
‐6.7
‐3.8
‐4.3
0.0
0.1
0.0
‐0.4
0.4
0.0
‐0.3
2.6
8.5
17.3
71.8
100.0
0.0
‐0.2
‐0.7
‐1.3
‐1.0
‐0.9
‐2.1
7.4
14.6
18.4
24.8
20.5
58.3
68.2
82.5
53.9
28.1
0.2
0.3
0.7
1.1
1.7
1.8
2.0
1.9
0.1
0.0
21.4
17.0
22.6
1.1
0.0
‐1,548
‐2,492
‐4,172
‐837
‐235
‐5.9
‐6.1
‐5.5
‐0.2
0.0
‐0.3
‐0.2
‐0.2
1.1
0.6
15.6
11.8
17.6
26.8
13.5
‐1.4
‐1.5
‐1.4
‐0.1
0.0
21.7
23.0
24.4
28.5
31.2
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, 2012 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 After‐
Tax Income5 (Dollars)
Average Federal Tax Rate6
Share of Pre‐
Tax Income
Share of Post‐
Tax Income
Share of Federal Taxes
Percent of Total
Percent of Total
Percent of Total
32,956
32,298
31,371
30,010
29,990
157,348
21.0
20.5
19.9
19.1
19.1
100.0
10,304
25,653
45,018
75,458
232,573
74,905
‐213
1,948
6,890
14,920
60,042
16,040
10,517
23,705
38,129
60,539
172,531
58,865
‐2.1
7.6
15.3
19.8
25.8
21.4
2.9
7.0
12.0
19.2
59.2
100.0
3.7
8.3
12.9
19.6
55.9
100.0
‐0.3
2.5
8.6
17.7
71.3
100.0
15,135
7,483
5,931
1,440
142
9.6
4.8
3.8
0.9
0.1
114,512
165,572
292,632
1,573,914
7,329,769
26,424
40,594
75,702
449,849
2,286,720
88,089
124,979
216,931
1,124,065
5,043,049
23.1
24.5
25.9
28.6
31.2
14.7
10.5
14.7
19.2
8.9
14.4
10.1
13.9
17.5
7.8
15.9
12.0
17.8
25.7
12.9
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0509‐7).
Number of AMT Taxpayers (millions). Baseline: 37.1 Proposal: 4.5
(1) Calendar year. Baseline is current law. Proposal would allow non‐refundable credits against tentative AMT and index the AMT exemption, rate bracket thresholds, and phaseout‐out exemption threshold to inflation after 2011.
(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% $13,093, 40% $24,435, 60% $41,146, 80% $66,878, 90% $96,912, 95% $138,613, 99% $363,816, 99.9% $1,673,317.
(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‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0059
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table ‐ Single Tax Units
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Increase
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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
0.1
0.4
0.6
2.0
18.7
3.2
0.0
0.0
0.0
0.0
0.5
0.1
0.0
0.0
0.0
0.1
0.3
0.2
0.1
0.6
3.1
6.1
90.3
100.0
0
‐1
‐9
‐21
‐370
‐57
0.0
‐0.1
‐0.2
‐0.2
‐1.0
‐0.6
0.0
0.0
0.1
0.1
‐0.2
0.0
1.3
5.0
12.8
21.0
59.8
100.0
0.0
0.0
0.0
0.0
‐0.3
‐0.1
5.7
10.1
16.4
20.4
25.3
20.5
6.1
14.8
53.9
47.6
25.4
0.0
0.6
1.6
0.2
0.1
0.2
0.3
0.8
0.1
0.0
12.6
14.9
58.0
4.8
0.1
‐96
‐254
‐1,276
‐517
‐95
‐0.5
‐0.9
‐2.6
‐0.2
0.0
0.0
0.0
‐0.3
0.1
0.1
16.2
10.7
14.3
18.6
9.1
‐0.1
‐0.2
‐0.6
‐0.1
0.0
23.3
24.0
24.0
29.5
33.2
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, 2012 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 After‐
Tax Income5 (Dollars)
Number (thousands)
Percent of Total
17,734
15,487
14,189
11,566
9,598
68,932
25.7
22.5
20.6
16.8
13.9
100.0
7,750
19,496
33,408
54,268
149,929
43,096
441
1,960
5,484
11,074
38,230
8,875
7,309
17,536
27,925
43,194
111,698
34,221
5,136
2,305
1,791
365
32
7.5
3.3
2.6
0.5
0.1
82,035
117,537
202,821
1,050,571
5,213,675
19,210
28,499
49,899
310,149
1,729,630
62,825
89,039
152,922
740,422
3,484,045
Share of Pre‐
Tax Income
Share of Post‐
Tax Income
Share of Federal Taxes
Percent of Total
Percent of Total
Percent of Total
5.7
10.1
16.4
20.4
25.5
20.6
4.6
10.2
16.0
21.1
48.4
100.0
5.5
11.5
16.8
21.2
45.5
100.0
1.3
5.0
12.7
20.9
60.0
100.0
23.4
24.3
24.6
29.5
33.2
14.2
9.1
12.2
12.9
5.6
13.7
8.7
11.6
11.5
4.7
16.1
10.7
14.6
18.5
9.0
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 0509‐7).
(1) Calendar year. Baseline is current law. Proposal would allow non‐refundable credits against tentative AMT and index the AMT exemption, rate bracket thresholds, and phaseout‐out exemption threshold to inflation after 2011.
(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% $13,093, 40% $24,435, 60% $41,146, 80% $66,878, 90% $96,912, 95% $138,613, 99% $363,816, 99.9% $1,673,317.
(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‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0059
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table ‐ Married Tax Units Filing Jointly
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Increase
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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
0.0
9.3
29.5
55.6
87.4
47.1
0.0
0.1
0.0
0.2
0.2
0.1
0.0
0.2
1.2
2.3
1.6
1.6
0.0
0.4
7.2
27.4
65.1
100.0
0
‐46
‐589
‐1,711
‐3,288
‐1,537
0.0
‐2.0
‐7.2
‐9.6
‐4.6
‐5.5
0.0
0.0
‐0.1
‐0.7
0.7
0.0
‐0.1
1.2
5.4
14.9
78.5
100.0
0.0
‐0.1
‐1.0
‐1.9
‐1.2
‐1.2
‐2.1
6.8
13.1
17.4
24.7
21.4
84.9
92.3
94.9
56.9
30.3
0.2
0.2
0.3
0.2
0.0
2.3
2.5
2.3
0.1
0.0
22.6
18.4
23.0
1.1
0.0
‐2,393
‐3,568
‐5,586
‐1,007
‐375
‐7.8
‐7.7
‐6.3
‐0.2
0.0
‐0.4
‐0.3
‐0.2
1.6
0.8
15.5
12.8
19.7
30.6
15.2
‐1.8
‐1.9
‐1.7
‐0.1
0.0
21.1
22.7
24.6
28.2
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, 2012 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 After‐
Tax Income5 (Dollars)
Number (thousands)
Percent of Total
7,026
8,845
11,468
15,083
18,652
61,357
11.5
14.4
18.7
24.6
30.4
100.0
13,543
32,807
58,062
92,463
278,353
124,139
‐284
2,262
8,207
17,799
72,005
28,132
13,826
30,546
49,855
74,664
206,348
96,007
8,897
4,856
3,884
1,015
102
14.5
7.9
6.3
1.7
0.2
134,726
189,698
336,279
1,740,354
7,859,286
30,780
46,632
88,299
492,568
2,418,673
103,947
143,066
247,980
1,247,786
5,440,613
Share of Pre‐
Tax Income
Share of Post‐
Tax Income
Share of Federal Taxes
Percent of Total
Percent of Total
Percent of Total
‐2.1
6.9
14.1
19.3
25.9
22.7
1.3
3.8
8.7
18.3
68.2
100.0
1.7
4.6
9.7
19.1
65.3
100.0
‐0.1
1.2
5.5
15.6
77.8
100.0
22.9
24.6
26.3
28.3
30.8
15.7
12.1
17.2
23.2
10.6
15.7
11.8
16.4
21.5
9.5
15.9
13.1
19.9
29.0
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 0509‐7).
(1) Calendar year. Baseline is current law. Proposal would allow non‐refundable credits against tentative AMT and index the AMT exemption, rate bracket thresholds, and phaseout‐out exemption threshold to inflation after 2011.
(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% $13,093, 40% $24,435, 60% $41,146, 80% $66,878, 90% $96,912, 95% $138,613, 99% $363,816, 99.9% $1,673,317.
(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‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0059
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table ‐ Head of Household Tax Units
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Increase
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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
0.1
16.6
39.2
68.5
85.2
25.2
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.4
1.4
2.1
1.4
1.1
0.0
8.4
30.9
36.8
23.9
100.0
0
‐103
‐574
‐1,246
‐1,789
‐380
0.0
‐7.1
‐7.4
‐8.0
‐4.1
‐6.9
‐0.7
0.0
‐0.2
‐0.4
1.3
0.0
‐10.5
8.1
28.7
31.4
42.2
100.0
0.0
‐0.3
‐1.2
‐1.7
‐1.0
‐0.9
‐12.6
4.5
14.6
19.1
24.2
12.5
84.0
87.4
93.2
57.7
27.9
0.1
0.0
0.0
0.1
0.0
1.8
1.9
1.3
0.1
0.0
13.1
5.5
5.1
0.2
0.0
‐1,517
‐2,222
‐2,687
‐514
‐79
‐5.8
‐5.9
‐4.1
‐0.1
0.0
0.2
0.1
0.3
0.7
0.4
15.9
6.5
9.0
10.8
5.0
‐1.4
‐1.5
‐1.0
0.0
0.0
22.7
23.1
23.3
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, 2012 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 After‐
Tax Income5 (Dollars)
Number (thousands)
Percent of Total
7,925
7,543
5,024
2,757
1,245
24,547
32.3
30.7
20.5
11.2
5.1
100.0
13,191
30,039
48,909
74,627
175,329
40,709
‐1,658
1,455
7,724
15,513
44,212
5,481
14,848
28,584
41,185
59,114
131,117
35,228
802
231
178
33
3
3.3
0.9
0.7
0.1
0.0
109,022
152,758
272,489
1,404,595
6,980,731
26,258
37,430
66,078
405,427
2,189,912
82,764
115,328
206,411
999,168
4,790,819
Share of Pre‐
Tax Income
Share of Post‐
Tax Income
Share of Federal Taxes
Percent of Total
Percent of Total
Percent of Total
‐12.6
4.8
15.8
20.8
25.2
13.5
10.5
22.7
24.6
20.6
21.8
100.0
13.6
24.9
23.9
18.9
18.9
100.0
‐9.8
8.2
28.8
31.8
40.9
100.0
24.1
24.5
24.3
28.9
31.4
8.8
3.5
4.9
4.7
2.0
7.7
3.1
4.3
3.9
1.6
15.7
6.4
8.8
10.1
4.7
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 0509‐7).
(1) Calendar year. Baseline is current law. Proposal would allow non‐refundable credits against tentative AMT and index the AMT exemption, rate bracket thresholds, and phaseout‐out exemption threshold to inflation after 2011.
(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% $13,093, 40% $24,435, 60% $41,146, 80% $66,878, 90% $96,912, 95% $138,613, 99% $363,816, 99.9% $1,673,317.
(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‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0059
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table ‐ Tax Units with Children
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Increase
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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
0.2
19.7
52.6
87.2
94.6
48.3
0.0
0.1
0.1
0.1
0.2
0.1
0.0
0.4
1.9
3.6
2.1
2.1
0.0
1.6
12.9
36.4
49.0
100.0
0
‐120
‐962
‐2,851
‐4,531
‐1,552
0.0
‐7.7
‐9.7
‐13.1
‐5.5
‐7.7
‐0.2
0.0
‐0.2
‐1.3
1.6
0.0
‐2.4
1.6
10.0
20.2
70.4
100.0
0.0
‐0.4
‐1.6
‐2.8
‐1.5
‐1.7
‐14.6
4.2
14.8
18.9
25.7
19.9
96.6
97.8
96.6
45.5
22.4
0.1
0.2
0.3
0.7
0.8
3.3
3.5
2.0
0.0
0.0
21.6
15.0
12.1
0.3
0.0
‐3,839
‐5,699
‐5,885
‐502
‐30
‐10.1
‐9.9
‐5.4
‐0.1
0.0
‐0.4
‐0.3
0.4
1.9
0.9
16.1
11.4
17.6
25.3
12.2
‐2.5
‐2.6
‐1.5
0.0
0.0
22.3
23.6
25.8
29.9
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, 2012 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 After‐
Tax Income5 (Dollars)
Number (thousands)
Percent of Total
10,364
10,406
10,236
9,744
8,256
49,155
21.1
21.2
20.8
19.8
16.8
100.0
14,277
33,992
60,658
100,435
303,594
93,484
‐2,086
1,555
9,931
21,843
82,659
20,195
16,363
32,437
50,727
78,592
220,935
73,289
4,301
2,010
1,572
373
36
8.8
4.1
3.2
0.8
0.1
153,828
221,076
397,710
2,079,222
9,788,321
38,110
57,786
108,414
622,046
3,108,258
115,718
163,291
289,296
1,457,176
6,680,063
Share of Pre‐
Tax Income
Share of Post‐
Tax Income
Share of Federal Taxes
Percent of Total
Percent of Total
Percent of Total
‐14.6
4.6
16.4
21.8
27.2
21.6
3.2
7.7
13.5
21.3
54.5
100.0
4.7
9.4
14.4
21.3
50.6
100.0
‐2.2
1.6
10.2
21.4
68.8
100.0
24.8
26.1
27.3
29.9
31.8
14.4
9.7
13.6
16.9
7.7
13.8
9.1
12.6
15.1
6.7
16.5
11.7
17.2
23.4
11.3
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 0509‐7).
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 would allow non‐refundable credits against tentative AMT and index the AMT exemption, rate bracket thresholds, and phaseout‐out exemption threshold to inflation after 2011.
(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% $13,093, 40% $24,435, 60% $41,146, 80% $66,878, 90% $96,912, 95% $138,613, 99% $363,816, 99.9% $1,673,317.
(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‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0059
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table ‐ Elderly Tax Units
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Increase
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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
0.0
0.1
1.2
11.6
52.9
12.4
0.0
0.0
0.0
0.1
0.3
0.1
0.0
0.0
0.0
0.2
0.8
0.5
0.0
0.1
1.0
7.2
91.7
100.0
0
‐1
‐15
‐118
‐1,443
‐299
0.0
‐0.1
‐0.7
‐1.6
‐2.5
‐2.3
0.0
0.0
0.1
0.1
‐0.2
0.0
0.3
1.6
3.4
10.3
84.3
100.0
0.0
0.0
0.0
‐0.2
‐0.6
‐0.4
2.3
3.7
5.6
10.5
22.8
17.1
41.3
52.5
72.6
56.8
35.5
0.2
0.4
0.2
1.1
2.2
0.7
0.9
1.6
0.1
0.0
17.2
17.9
51.1
5.5
0.1
‐622
‐1,150
‐3,295
‐1,147
‐170
‐3.8
‐4.0
‐5.4
‐0.3
0.0
‐0.2
‐0.2
‐0.7
0.9
0.5
10.2
9.9
20.8
43.4
22.0
‐0.6
‐0.8
‐1.2
‐0.1
0.0
15.4
18.1
21.8
28.2
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, 2012 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 After‐
Tax Income5 (Dollars)
Number (thousands)
Percent of Total
5,008
8,050
6,057
5,599
5,806
30,543
16.4
26.4
19.8
18.3
19.0
100.0
10,286
21,909
39,709
68,620
251,011
75,561
238
799
2,254
7,348
58,617
13,196
10,048
21,110
37,455
61,272
192,393
62,365
2,529
1,424
1,417
436
43
8.3
4.7
4.6
1.4
0.1
103,094
150,541
265,660
1,390,644
6,491,155
16,499
28,436
61,171
393,527
2,036,442
86,595
122,105
204,488
997,117
4,454,713
Share of Pre‐
Tax Income
Share of Post‐
Tax Income
Share of Federal Taxes
Percent of Total
Percent of Total
Percent of Total
2.3
3.7
5.7
10.7
23.4
17.5
2.2
7.6
10.4
16.7
63.1
100.0
2.6
8.9
11.9
18.0
58.6
100.0
0.3
1.6
3.4
10.2
84.4
100.0
16.0
18.9
23.0
28.3
31.4
11.3
9.3
16.3
26.2
12.0
11.5
9.1
15.2
22.8
10.0
10.4
10.1
21.5
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 0509‐7).
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 would allow non‐refundable credits against tentative AMT and index the AMT exemption, rate bracket thresholds, and phaseout‐out exemption threshold to inflation after 2011.
(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% $13,093, 40% $24,435, 60% $41,146, 80% $66,878, 90% $96,912, 95% $138,613, 99% $363,816, 99.9% $1,673,317.
(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.