7‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0061
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Policy
Distribution of Federal Tax Change by Cash Income Percentile, 2012 1
Summary Table
Percent of Tax Units4
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
0.0
0.0
0.0
0.0
17.2
2.6
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
99.9
100.0
0
0
0
0
‐24
‐4
0.0
0.0
0.0
0.0
0.0
0.0
2.6
9.3
15.8
18.9
24.9
20.5
0.7
9.2
61.4
44.9
27.1
0.0
0.1
0.5
0.1
0.0
0.0
0.0
0.0
0.0
0.0
1.4
11.4
80.5
6.6
0.4
‐1
‐11
‐97
‐31
‐16
0.0
0.0
0.0
0.0
0.0
21.4
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: 4.7 Proposal: 4.6
(1) Calendar year. Baseline is current policy, which assumes that all the temporary provisions in place for calendar year 2011 are extended, with the exception of the payroll tax cut, and indexes the AMT exemption level after 2011. Proposal would index the AMT 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. 7‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0061
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Policy
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
0.0
0.0
0.0
0.0
17.2
2.6
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
99.9
100.0
0
0
0
0
‐24
‐4
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
3.8
10.6
18.1
66.9
100.0
0.0
0.0
0.0
0.0
0.0
0.0
2.6
9.3
15.8
18.9
24.9
20.5
0.7
9.2
61.4
44.9
27.1
0.0
0.1
0.5
0.1
0.0
0.0
0.0
0.0
0.0
0.0
1.4
11.4
80.5
6.6
0.4
‐1
‐11
‐97
‐31
‐16
0.0
0.0
‐0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
14.1
10.6
16.3
25.8
13.0
0.0
0.0
0.0
0.0
0.0
21.4
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
2,625
8,045
16,375
68,868
15,319
10,721
25,607
42,778
70,190
207,686
59,587
2.6
9.3
15.8
18.9
24.9
20.5
3.7
8.4
13.7
19.5
54.9
100.0
4.6
9.6
14.5
19.9
51.8
100.0
0.5
3.8
10.6
18.1
66.9
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
28,933
44,045
84,447
522,714
2,610,229
106,034
149,420
259,034
1,293,146
5,704,311
21.4
22.8
24.6
28.8
31.4
13.5
9.5
13.6
18.3
8.5
13.3
9.2
12.9
16.4
7.3
14.1
10.6
16.4
25.8
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 0509‐7).
Number of AMT Taxpayers (millions). Baseline: 4.7 Proposal: 4.6
(1) Calendar year. Baseline is current policy, which assumes that all the temporary provisions in place for calendar year 2011 are extended, with the exception of the payroll tax cut, and indexes the AMT exemption level after 2011. Proposal would index the AMT 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. 7‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0061
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Policy
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
0.0
0.0
0.0
0.1
13.4
2.6
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
99.7
100.0
0
0
0
0
‐19
‐4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
‐0.3
2.6
8.5
17.3
71.8
100.0
0.0
0.0
0.0
0.0
0.0
0.0
‐2.1
7.4
14.6
18.4
24.8
20.5
1.0
8.9
42.7
46.2
27.4
0.0
0.2
0.3
0.1
0.0
0.0
0.0
0.0
0.0
0.0
3.3
16.2
71.1
9.2
0.4
‐1
‐12
‐67
‐36
‐17
0.0
0.0
‐0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
15.6
11.8
17.6
26.8
13.5
0.0
0.0
0.0
0.0
0.0
21.6
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
1,904
6,552
13,873
57,703
15,319
10,517
23,750
38,466
61,585
174,870
59,587
‐2.1
7.4
14.6
18.4
24.8
20.5
2.9
7.0
12.0
19.2
59.2
100.0
3.7
8.2
12.9
19.7
55.9
100.0
‐0.3
2.6
8.5
17.3
71.8
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
24,784
38,003
71,526
449,033
2,286,501
89,728
127,569
221,106
1,124,880
5,043,268
21.6
23.0
24.4
28.5
31.2
14.7
10.5
14.7
19.2
8.9
14.5
10.2
14.0
17.3
7.7
15.6
11.8
17.6
26.8
13.5
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: 4.7 Proposal: 4.6
(1) Calendar year. Baseline is current policy, which assumes that all the temporary provisions in place for calendar year 2011 are extended, with the exception of the payroll tax cut, and indexes the AMT exemption level after 2011. Proposal would index the AMT 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. 7‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0061
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Policy
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
0.0
0.0
0.0
0.0
5.4
0.8
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
0.0
0.0
0.3
99.7
100.0
0
0
0
0
‐6
‐1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.3
5.0
12.8
21.0
59.8
100.0
0.0
0.0
0.0
0.0
0.0
0.0
5.7
10.0
16.4
20.3
25.2
20.4
0.1
0.4
19.3
42.7
24.1
0.0
0.0
0.2
0.3
0.1
0.0
0.0
0.0
0.0
0.0
1.0
1.5
77.5
19.8
0.8
0
0
‐24
‐30
‐13
0.0
0.0
‐0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
16.1
10.7
14.3
18.6
9.1
0.0
0.0
0.0
0.0
0.0
23.2
24.0
23.9
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
1,957
5,467
11,026
37,797
8,802
7,309
17,539
27,941
43,242
112,132
34,294
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
19,048
28,174
48,564
309,648
1,729,548
62,987
89,364
154,257
740,923
3,484,128
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
10.0
16.4
20.3
25.2
20.4
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
12.8
21.0
59.8
100.0
23.2
24.0
23.9
29.5
33.2
14.2
9.1
12.2
12.9
5.6
13.7
8.7
11.7
11.4
4.7
16.1
10.7
14.3
18.6
9.1
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 0509‐7).
(1) Calendar year. Baseline is current policy, which assumes that all the temporary provisions in place for calendar year 2011 are extended, with the exception of the payroll tax cut, and indexes the AMT exemption level after 2011. Proposal would index the AMT 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. 7‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0061
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Policy
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
0.0
0.0
0.0
17.0
5.2
0.0
0.0
0.0
0.0
0.2
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
100.0
100.0
0
0
0
0
‐25
‐8
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
‐0.1
1.2
5.4
14.9
78.6
100.0
0.0
0.0
0.0
0.0
0.0
0.0
‐2.1
6.7
13.1
17.3
24.7
21.4
1.2
11.8
51.9
46.8
28.1
0.0
0.2
0.4
0.1
0.0
0.0
0.0
0.0
0.0
0.0
2.9
17.4
71.5
8.1
0.4
‐2
‐17
‐87
‐38
‐18
0.0
0.0
‐0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
15.4
12.8
19.7
30.6
15.2
0.0
0.0
0.0
0.0
0.0
21.0
22.6
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
2,212
7,600
16,035
68,638
26,554
13,827
30,595
50,462
76,428
209,715
97,585
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
28,275
42,947
82,731
491,584
2,418,316
106,451
146,750
253,548
1,248,771
5,440,971
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
6.7
13.1
17.3
24.7
21.4
1.3
3.8
8.7
18.3
68.2
100.0
1.6
4.5
9.7
19.3
65.3
100.0
‐0.1
1.2
5.4
14.8
78.6
100.0
21.0
22.6
24.6
28.3
30.8
15.7
12.1
17.2
23.2
10.6
15.8
11.9
16.5
21.2
9.3
15.4
12.8
19.7
30.6
15.2
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 policy, which assumes that all the temporary provisions in place for calendar year 2011 are extended, with the exception of the payroll tax cut, and indexes the AMT exemption level after 2011. Proposal would index the AMT 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. 7‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0061
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Policy
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
0.0
0.0
0.0
0.1
17.9
0.9
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
0.0
0.0
1.2
98.8
100.0
0
0
0
0
‐19
‐1
0.0
0.0
0.0
0.0
‐0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
‐10.5
8.1
28.7
31.4
42.2
100.0
0.0
0.0
0.0
0.0
0.0
0.0
‐12.6
4.5
14.6
19.0
24.2
12.5
4.0
26.9
62.0
54.3
27.0
0.0
0.0
0.2
0.1
0.0
0.0
0.0
0.0
0.0
0.0
12.8
26.8
54.0
5.2
0.2
‐4
‐29
‐74
‐38
‐16
0.0
‐0.1
‐0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
15.9
6.5
9.1
10.8
5.1
0.0
0.0
0.0
0.0
0.0
22.7
23.0
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
1,347
7,133
14,212
42,401
5,089
14,849
28,692
41,776
60,416
132,928
35,620
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
24,699
35,180
63,453
404,950
2,189,848
84,323
117,578
209,035
999,645
4,790,883
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
4.5
14.6
19.0
24.2
12.5
10.5
22.7
24.6
20.6
21.8
100.0
13.5
24.8
24.0
19.1
18.9
100.0
‐10.5
8.1
28.7
31.4
42.3
100.0
22.7
23.0
23.3
28.8
31.4
8.8
3.5
4.9
4.7
2.0
7.7
3.1
4.3
3.8
1.6
15.9
6.5
9.1
10.8
5.1
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 0509‐7).
(1) Calendar year. Baseline is current policy, which assumes that all the temporary provisions in place for calendar year 2011 are extended, with the exception of the payroll tax cut, and indexes the AMT exemption level after 2011. Proposal would index the AMT 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. 7‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0061
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Policy
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
0.0
0.0
0.0
0.2
26.4
4.5
0.0
0.0
0.0
0.0
0.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.4
99.6
100.0
0
0
0
0
‐39
‐6
0.0
0.0
0.0
0.0
‐0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
‐2.4
1.6
10.0
20.2
70.4
100.0
0.0
0.0
0.0
0.0
0.0
0.0
‐14.6
4.2
14.8
18.8
25.7
19.9
3.4
30.8
79.8
42.3
22.4
0.0
0.6
0.4
0.1
0.0
0.0
0.0
0.0
0.0
0.0
5.6
27.2
63.7
3.2
0.1
‐4
‐43
‐129
‐27
‐12
0.0
‐0.1
‐0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
16.1
11.4
17.6
25.3
12.3
0.0
0.0
0.0
0.0
0.0
22.2
23.5
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
‐2,087
1,429
8,945
18,918
78,056
18,610
16,364
32,563
51,713
81,516
225,538
74,874
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
34,134
52,005
102,625
621,560
3,108,239
119,693
169,072
295,085
1,457,662
6,680,081
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
4.2
14.8
18.8
25.7
19.9
3.2
7.7
13.5
21.3
54.5
100.0
4.6
9.2
14.4
21.6
50.6
100.0
‐2.4
1.6
10.0
20.2
70.5
100.0
22.2
23.5
25.8
29.9
31.8
14.4
9.7
13.6
16.9
7.7
14.0
9.2
12.6
14.8
6.5
16.1
11.4
17.6
25.3
12.3
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 policy, which assumes that all the temporary provisions in place for calendar year 2011 are extended, with the exception of the payroll tax cut, and indexes the AMT exemption level after 2011. Proposal would index the AMT 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. 7‐Mar‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0061
Administration's FY2012 Budget Proposals
Extend and Index 2011 AMT Patch
Baseline: Current Policy
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
0.0
0.0
0.0
9.9
1.9
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
0.0
0.0
0.0
100.0
100.0
0
0
0
0
‐13
‐2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
1.6
3.4
10.3
84.3
100.0
0.0
0.0
0.0
0.0
0.0
0.0
2.3
3.7
5.6
10.5
22.7
17.0
0.0
0.7
25.1
47.5
35.6
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.6
73.2
25.2
1.2
0
‐1
‐39
‐43
‐21
0.0
0.0
‐0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
10.2
9.8
20.8
43.5
22.1
0.0
0.0
0.0
0.0
0.0
15.3
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
2,236
7,198
57,104
12,877
10,048
21,111
37,472
61,422
193,907
62,683
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
15,794
27,182
57,835
392,402
2,036,291
87,299
123,359
207,825
998,242
4,454,864
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
5.6
10.5
22.8
17.0
2.2
7.6
10.4
16.7
63.1
100.0
2.6
8.9
11.9
18.0
58.8
100.0
0.3
1.6
3.4
10.3
84.3
100.0
15.3
18.1
21.8
28.2
31.4
11.3
9.3
16.3
26.2
12.0
11.5
9.2
15.4
22.7
9.9
10.2
9.8
20.8
43.5
22.1
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 0509‐7).
Note: Elderly tax units are those with either head or spouse (if filing jointly) age 65 or older.
(1) Calendar year. Baseline is current policy, which assumes that all the temporary provisions in place for calendar year 2011 are extended, with the exception of the payroll tax cut, and indexes the AMT exemption level after 2011. Proposal would index the AMT 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.