17-Feb-12
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 T12-0032
H.R. 3630: The Middle Class Tax Relief and Job Creation Act of 2012
Baseline: Current Policy (Including Temporary Payroll Tax Cut Continuation Act of 2011)
Distribution of Federal Tax Change by Cash Income Percentile, 2012 1
Summary Table
Tax Units with Tax Increase or Cut 4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax Cut
Pct of Tax
Avg Tax Cut
Units
With Tax Increase
Pct of Tax
Avg Tax
Units
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
53.9
73.5
81.2
86.3
89.6
74.0
-138
-351
-615
-1,070
-1,889
-770
0.0
0.0
0.0
0.0
0.0
0.0
0
0
0
0
0
0
0.8
1.1
1.3
1.4
0.8
1.0
3.4
10.2
17.4
26.5
42.3
100.0
-74
-258
-499
-924
-1,692
-570
-0.8
-1.0
-1.1
-1.1
-0.6
-0.8
0.7
6.0
12.7
17.0
23.7
18.8
88.9
91.2
89.7
88.6
87.3
-1,676
-2,045
-2,128
-2,278
-2,293
0.0
0.0
0.0
0.0
0.0
0
0
0
0
0
1.4
1.3
0.7
0.2
0.0
18.8
11.4
9.6
2.6
0.3
-1,490
-1,864
-1,909
-2,018
-2,002
-1.1
-1.0
-0.6
-0.1
0.0
19.6
21.5
23.7
28.1
30.7
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-3).
Number of AMT Taxpayers (millions). Baseline: 4.9
Proposal: 4.9
* Less than 0.05
** Insufficient data
(1) Calendar year. Baseline is current policy including the Temporary Payroll Tax Cut Continuation Act of 2011. Proposal is H.R. 3630 which includes a full year extension of the
payroll tax holiday where the OASDI tax rate is reduced two percentage points to 4.2% for the entire 2012 calendar year. Table captures effects of the additional ten month
extension. For a description of TPC's current law and current policy baselines, see
http://www.taxpolicycenter.org/T11-0270
(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 2011 dollars): 20% $17,130; 40% $34,174; 60% $62,042; 80% $104,401; 90% $169,059; 95% $216,085; 99% $569,944; 99.9% $2,474,273.
(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.
17-Feb-12
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T12-0032
H.R. 3630: The Middle Class Tax Relief and Job Creation Act of 2012
Baseline: Current Policy (Including Temporary Payroll Tax Cut Continuation Act of 2011)
Distribution of Federal Tax Change by Cash Income Percentile, 2012 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
53.9
73.5
81.2
86.3
89.6
74.0
0.0
0.0
0.0
0.0
0.0
0.0
0.8
1.1
1.3
1.4
0.8
1.0
3.4
10.2
17.4
26.5
42.3
100.0
-74
-258
-499
-924
-1,692
-570
-53.3
-14.5
-7.9
-6.2
-2.5
-4.2
-0.1
-0.3
-0.4
-0.4
1.2
0.0
0.1
2.6
8.8
17.4
71.0
100.0
-0.8
-1.0
-1.1
-1.1
-0.6
-0.8
0.7
6.0
12.7
17.0
23.7
18.8
88.9
91.2
89.7
88.6
87.3
0.0
0.0
0.0
0.0
0.0
1.4
1.3
0.7
0.2
0.0
18.8
11.4
9.6
2.6
0.3
-1,490
-1,864
-1,909
-2,018
-2,002
-5.3
-4.3
-2.3
-0.4
-0.1
-0.2
0.0
0.3
1.0
0.6
14.7
10.9
17.7
27.6
14.7
-1.1
-1.0
-0.6
-0.1
0.0
19.6
21.5
23.7
28.1
30.7
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)
Pre-Tax Income
Percent of
Total
Average (dollars)
Percent of
Total
Federal Tax Burden
Average (dollars)
Percent of
Total
After-Tax Income 5
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 6
43,663
37,050
32,849
27,060
23,575
165,201
26.4
22.4
19.9
16.4
14.3
100.0
9,572
25,295
45,950
81,893
275,386
69,939
3.6
8.1
13.1
19.2
56.2
100.0
139
1,785
6,336
14,827
66,984
13,697
0.3
2.9
9.2
17.7
69.8
100.0
9,433
23,510
39,614
67,066
208,401
56,243
4.4
9.4
14.0
19.5
52.9
100.0
1.5
7.1
13.8
18.1
24.3
19.6
11,894
5,764
4,723
1,193
122
7.2
3.5
2.9
0.7
0.1
137,086
191,432
344,096
1,787,841
8,534,016
14.1
9.6
14.1
18.5
9.0
28,332
42,966
83,326
503,696
2,618,501
14.9
11.0
17.4
26.6
14.1
108,754
148,466
260,769
1,284,145
5,915,515
13.9
9.2
13.3
16.5
7.8
20.7
22.4
24.2
28.2
30.7
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-3).
Number of AMT Taxpayers (millions). Baseline: 4.9
Proposal: 4.9
* Less than 0.05
(1) Calendar year. Baseline is current policy including the Temporary Payroll Tax Cut Continuation Act of 2011. Proposal is H.R. 3630 which includes a full year extension of the payroll tax holiday where the
OASDI tax rate is reduced two percentage points to 4.2% for the entire 2012 calendar year. Table captures effects of the additional ten month extension. For a description of TPC's current law and current policy
baselines, see
http://www.taxpolicycenter.org/T11-0270
(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 2011 dollars):
20% $17,130; 40% $34,174; 60% $62,042; 80% $104,401; 90% $169,059; 95% $216,085; 99% $569,944; 99.9% $2,474,273.
(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.
17-Feb-12
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T12-0032
H.R. 3630: The Middle Class Tax Relief and Job Creation Act of 2012
Baseline: Current Policy (Including Temporary Payroll Tax Cut Continuation Act of 2011)
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table
Percent of Tax Units
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
4
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
Average Federal Tax Rate
Change (%
Points)
6
Under the
Proposal
61.6
64.9
77.1
84.3
86.8
74.0
0.0
0.0
0.0
0.0
0.0
0.0
1.0
1.1
1.2
1.4
0.8
1.0
3.4
8.3
15.4
26.4
46.3
100.0
-89
-227
-436
-804
-1,482
-570
33.5
-20.0
-8.4
-6.5
-2.6
-4.2
-0.2
-0.3
-0.3
-0.4
1.2
0.0
-0.6
1.5
7.3
16.5
75.3
100.0
-1.0
-1.0
-1.1
-1.1
-0.6
-0.8
-4.0
4.0
11.6
16.3
23.6
18.8
87.1
86.7
86.9
83.5
83.6
0.0
0.0
0.0
0.0
0.0
1.4
1.2
0.8
0.2
0.0
20.1
12.7
10.8
2.7
0.3
-1,284
-1,612
-1,739
-1,778
-1,814
-5.3
-4.3
-2.4
-0.4
-0.1
-0.2
0.0
0.3
1.1
0.6
15.6
12.1
18.9
28.8
15.2
-1.1
-1.0
-0.6
-0.1
0.0
19.9
21.1
23.5
27.9
30.6
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, 2012 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number
(thousands)
Pre-Tax Income
Percent of
Total
Average (dollars)
Percent of
Total
Federal Tax Burden
Average (dollars)
Percent of
Total
After-Tax Income 5
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 6
35,974
34,567
33,255
30,969
29,431
165,201
21.8
20.9
20.1
18.8
17.8
100.0
8,876
22,590
40,903
70,796
235,116
69,939
2.8
6.8
11.8
19.0
59.9
100.0
-267
1,136
5,168
12,334
56,987
13,697
-0.4
1.7
7.6
16.9
74.1
100.0
9,144
21,454
35,735
58,462
178,129
56,243
3.5
8.0
12.8
19.5
56.4
100.0
-3.0
5.0
12.6
17.4
24.2
19.6
14,735
7,387
5,859
1,450
144
8.9
4.5
3.6
0.9
0.1
115,382
169,033
296,436
1,540,746
7,479,092
14.7
10.8
15.0
19.3
9.3
24,229
37,231
71,488
431,928
2,288,311
15.8
12.2
18.5
27.7
14.6
91,153
131,802
224,949
1,108,818
5,190,781
14.5
10.5
14.2
17.3
8.1
21.0
22.0
24.1
28.0
30.6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-3).
Number of AMT Taxpayers (millions). Baseline: 4.9
Proposal: 4.9
* Less than 0.05
(1) Calendar year. Baseline is current policy including the Temporary Payroll Tax Cut Continuation Act of 2011. Proposal is H.R. 3630 which includes a full year extension of the payroll tax holiday where the OASDI
tax rate is reduced two percentage points to 4.2% for the entire 2012 calendar year. Table captures effects of the additional ten month extension. For a description of TPC's current law and current policy
baselines, see
http://www.taxpolicycenter.org/T11-0270
(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 2011 dollars): 20% $11,888; 40% $22,737; 60% $38,728; 80% $67,694; 90% $99,454; 95%
$141,130; 99% $361,878; 99.9% $1,491,280.
(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.
17-Feb-12
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T12-0032
H.R. 3630: The Middle Class Tax Relief and Job Creation Act of 2012
Baseline: Current Policy (Including Temporary Payroll Tax Cut Continuation Act of 2011)
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 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
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
52.2
47.3
69.7
79.1
79.2
61.4
0.0
0.0
0.0
0.0
0.0
0.0
0.8
0.7
1.1
1.4
0.9
1.0
5.5
9.6
19.9
28.3
36.6
100.0
-56
-118
-294
-557
-996
-297
-19.4
-9.5
-7.0
-5.8
-2.7
-4.4
-0.2
-0.2
-0.3
-0.3
1.1
0.0
1.1
4.3
12.3
21.0
61.3
100.0
-0.8
-0.7
-1.0
-1.1
-0.7
-0.8
3.3
6.4
12.7
17.9
24.3
17.8
82.1
76.3
75.4
67.7
67.7
0.0
0.0
0.0
0.0
0.0
1.4
1.2
0.8
0.2
0.0
19.8
6.6
8.6
1.7
0.2
-903
-1,090
-1,200
-1,010
-1,062
-5.0
-4.2
-2.6
-0.4
-0.1
-0.1
0.0
0.3
0.9
0.5
17.5
7.0
15.1
21.8
10.9
-1.1
-0.9
-0.6
-0.1
0.0
21.4
21.8
23.1
29.5
33.3
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, 2012 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Pre-Tax Income
28.9
24.2
20.1
15.1
10.9
100.0
7,053
17,555
30,999
50,263
149,273
36,344
5.6
11.7
17.2
20.8
44.9
100.0
290
1,249
4,222
9,569
37,239
6,752
1.2
4.5
12.6
21.4
60.2
100.0
6,763
16,305
26,778
40,694
112,034
29,592
6.6
13.4
18.2
20.7
41.4
100.0
4.1
7.1
13.6
19.0
25.0
18.6
5,247
1,450
1,714
395
34
6.5
1.8
2.1
0.5
0.0
80,765
115,538
197,496
972,862
5,001,060
14.5
5.7
11.6
13.1
5.8
18,212
26,260
46,883
288,135
1,666,175
17.6
7.0
14.8
20.9
10.4
62,553
89,278
150,613
684,727
3,334,885
13.8
5.4
10.8
11.4
4.7
22.6
22.7
23.7
29.6
33.3
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 6
23,296
19,542
16,237
12,148
8,806
80,620
Average (dollars)
Percent of
Total
After-Tax Income 5
Percent of
Total
Average (dollars)
Percent of
Total
Federal Tax Burden
Number
(thousands)
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-3).
* Less than 0.05
(1) Calendar year. Baseline is current policy including the Temporary Payroll Tax Cut Continuation Act of 2011. Proposal is H.R. 3630 which includes a full year extension of the payroll tax holiday where the
OASDI tax rate is reduced two percentage points to 4.2% for the entire 2012 calendar year. Table captures effects of the additional ten month extension. For a description of TPC's current law and current policy
baselines, see
http://www.taxpolicycenter.org/T11-0270
(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 2011 dollars): 20% $11,888; 40% $22,737; 60% $38,728; 80% $67,694; 90% $99,454; 95%
$141,130; 99% $361,878; 99.9% $1,491,280.
(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.
17-Feb-12
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T12-0032
H.R. 3630: The Middle Class Tax Relief and Job Creation Act of 2012
Baseline: Current Policy (Including Temporary Payroll Tax Cut Continuation Act of 2011)
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 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
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
75.9
83.6
80.9
87.4
90.1
85.5
0.0
0.0
0.0
0.0
0.0
0.0
1.2
1.3
1.2
1.4
0.8
1.0
1.3
4.4
11.2
26.2
56.7
100.0
-176
-388
-577
-982
-1,722
-1,017
19.3
-26.0
-9.3
-6.8
-2.6
-3.7
-0.1
-0.2
-0.3
-0.5
0.9
0.0
-0.3
0.5
4.2
13.8
81.8
100.0
-1.3
-1.2
-1.1
-1.1
-0.6
-0.8
-8.2
3.5
10.4
15.4
23.4
20.2
90.0
89.0
91.8
89.5
89.6
0.0
0.0
0.0
0.0
0.0
1.4
1.2
0.8
0.2
0.0
22.6
17.1
13.4
3.6
0.4
-1,532
-1,753
-1,995
-2,104
-2,108
-5.4
-4.4
-2.4
-0.4
-0.1
-0.3
-0.1
0.3
1.0
0.6
15.1
14.4
20.9
31.4
16.5
-1.1
-1.0
-0.6
-0.1
0.0
19.3
21.0
23.6
27.5
30.0
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
Pre-Tax Income
7.5
11.6
19.8
27.1
33.5
100.0
13,221
31,809
53,751
87,305
276,344
131,340
0.8
2.8
8.1
18.0
70.5
100.0
-911
1,494
6,177
14,433
66,360
27,493
-0.3
0.6
4.4
14.2
80.9
100.0
14,132
30,315
47,574
72,872
209,984
103,846
1.0
3.4
9.1
19.0
67.7
100.0
-6.9
4.7
11.5
16.5
24.0
20.9
8,593
5,655
3,914
995
102
15.0
9.9
6.9
1.7
0.2
138,354
183,483
342,206
1,736,620
8,159,559
15.8
13.8
17.8
23.0
11.0
28,196
40,202
82,844
479,737
2,453,321
15.4
14.5
20.6
30.4
15.9
110,158
143,281
259,362
1,256,883
5,706,237
15.9
13.7
17.1
21.1
9.8
20.4
21.9
24.2
27.6
30.1
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 6
4,296
6,617
11,298
15,501
19,157
57,183
Average (dollars)
Percent of
Total
After-Tax Income 5
Percent of
Total
Average (dollars)
Percent of
Total
Federal Tax Burden
Number
(thousands)
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-3).
* Less than 0.05
(1) Calendar year. Baseline is current policy including the Temporary Payroll Tax Cut Continuation Act of 2011. Proposal is H.R. 3630 which includes a full year extension of the payroll tax holiday where the
OASDI tax rate is reduced two percentage points to 4.2% for the entire 2012 calendar year. Table captures effects of the additional ten month extension. For a description of TPC's current law and current policy
baselines, see
http://www.taxpolicycenter.org/T11-0270
(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 2011 dollars): 20% $11,888; 40% $22,737; 60% $38,728; 80% $67,694; 90% $99,454; 95%
$141,130; 99% $361,878; 99.9% $1,491,280.
(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.
17-Feb-12
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T12-0032
H.R. 3630: The Middle Class Tax Relief and Job Creation Act of 2012
Baseline: Current Policy (Including Temporary Payroll Tax Cut Continuation Act of 2011)
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 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
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
80.4
91.2
90.8
89.5
92.3
87.3
0.0
0.0
0.0
0.0
0.0
0.0
1.0
1.3
1.5
1.6
1.0
1.3
10.5
26.7
26.9
22.9
12.8
100.0
-138
-359
-579
-921
-1,355
-431
8.9
-77.1
-9.9
-7.1
-3.1
-10.7
-2.8
-2.8
0.3
1.4
3.9
0.0
-15.5
1.0
29.4
36.3
48.8
100.0
-1.2
-1.3
-1.3
-1.3
-0.7
-1.2
-14.3
0.4
11.7
16.8
23.1
9.7
91.0
96.8
90.9
91.2
79.4
0.0
0.0
0.0
0.0
0.0
1.5
1.2
0.7
0.2
0.0
7.1
3.2
2.0
0.5
0.0
-1,257
-1,554
-1,427
-1,479
-1,375
-5.5
-4.4
-2.2
-0.4
-0.1
0.8
0.6
0.9
1.5
0.8
14.8
8.5
10.8
14.6
7.2
-1.2
-1.0
-0.5
-0.1
0.0
20.7
21.2
23.1
28.1
30.3
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, 2012 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Pre-Tax Income
Federal Tax Burden
8,142
7,970
4,970
2,665
1,013
24,826
32.8
32.1
20.0
10.7
4.1
100.0
11,820
27,357
44,886
72,171
185,283
36,919
10.5
23.8
24.3
21.0
20.5
100.0
-1,556
465
5,838
13,062
44,205
4,017
-12.7
3.7
29.1
34.9
44.9
100.0
13,376
26,891
39,048
59,110
141,078
32,902
13.3
26.2
23.8
19.3
17.5
100.0
-13.2
1.7
13.0
18.1
23.9
10.9
607
223
151
34
3
2.4
0.9
0.6
0.1
0.0
105,401
160,960
276,308
1,383,004
6,783,100
7.0
3.9
4.5
5.1
2.3
23,022
35,592
65,230
390,161
2,059,517
14.0
7.9
9.9
13.1
6.4
82,379
125,368
211,078
992,843
4,723,584
6.1
3.4
3.9
4.1
1.8
21.8
22.1
23.6
28.2
30.4
Average (dollars)
Percent of
Total
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 6
Percent of
Total
Average (dollars)
Percent of
Total
After-Tax Income 5
Number
(thousands)
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-3).
* Less than 0.05
(1) Calendar year. Baseline is current policy including the Temporary Payroll Tax Cut Continuation Act of 2011. Proposal is H.R. 3630 which includes a full year extension of the payroll tax holiday where the
OASDI tax rate is reduced two percentage points to 4.2% for the entire 2012 calendar year. Table captures effects of the additional ten month extension. For a description of TPC's current law and current policy
baselines, see
http://www.taxpolicycenter.org/T11-0270
(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 2011 dollars): 20% $11,888; 40% $22,737; 60% $38,728; 80% $67,694; 90% $99,454; 95%
$141,130; 99% $361,878; 99.9% $1,491,280.
(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.
17-Feb-12
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T12-0032
H.R. 3630: The Middle Class Tax Relief and Job Creation Act of 2012
Baseline: Current Policy (Including Temporary Payroll Tax Cut Continuation Act of 2011)
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table - Tax Units with Children
Percent of Tax Units
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
4
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
Average Federal Tax Rate
Change (%
Points)
6
Under the
Proposal
86.1
96.3
95.4
96.9
98.2
94.3
0.0
0.0
0.0
0.0
0.0
0.0
1.1
1.4
1.6
1.7
1.0
1.2
3.8
10.4
16.5
27.8
41.3
100.0
-168
-430
-755
-1,289
-2,143
-910
7.8
-117.3
-10.2
-7.5
-2.8
-5.1
-0.3
-0.5
-0.4
-0.5
1.8
0.0
-2.8
-0.1
7.8
18.3
76.6
100.0
-1.3
-1.4
-1.4
-1.4
-0.7
-1.0
-18.3
-0.2
12.0
16.8
24.5
18.4
98.1
98.4
98.5
97.1
93.2
0.0
0.0
0.0
0.0
0.0
1.6
1.4
0.8
0.2
0.0
20.8
9.4
8.8
2.3
0.2
-2,002
-2,224
-2,358
-2,500
-2,436
-5.7
-4.6
-2.3
-0.4
-0.1
-0.1
0.1
0.6
1.3
0.7
18.6
10.5
19.9
27.6
13.9
-1.2
-1.0
-0.6
-0.1
0.0
20.7
21.7
25.1
29.0
30.9
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, 2012 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Pre-Tax Income
20.5
22.0
19.9
19.7
17.5
100.0
12,634
31,005
55,609
94,335
302,475
91,956
2.8
7.4
12.1
20.2
57.7
100.0
-2,144
367
7,412
17,115
76,275
17,871
-2.5
0.5
8.3
18.8
74.8
100.0
14,777
30,638
48,197
77,219
226,199
74,085
4.1
9.1
13.0
20.5
53.5
100.0
-17.0
1.2
13.3
18.1
25.2
19.4
4,612
1,871
1,657
399
38
9.5
3.8
3.4
0.8
0.1
161,129
212,984
395,702
1,969,435
9,819,482
16.6
8.9
14.6
17.5
8.3
35,390
48,427
101,753
573,846
3,033,986
18.8
10.4
19.4
26.3
13.2
125,739
164,557
293,950
1,395,589
6,785,497
16.1
8.5
13.5
15.4
7.1
22.0
22.7
25.7
29.1
30.9
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 6
9,976
10,734
9,714
9,574
8,539
48,707
Average (dollars)
Percent of
Total
After-Tax Income 5
Percent of
Total
Average (dollars)
Percent of
Total
Federal Tax Burden
Number
(thousands)
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-3).
* Less than 0.05
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 including the Temporary Payroll Tax Cut Continuation Act of 2011. Proposal is H.R. 3630 which includes a full year extension of the payroll tax holiday where the OASDI
tax rate is reduced two percentage points to 4.2% for the entire 2012 calendar year. Table captures effects of the additional ten month extension. For a description of TPC's current law and current policy
baselines, see
http://www.taxpolicycenter.org/T11-0270
(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 2011 dollars): 20% $11,888; 40% $22,737; 60% $38,728; 80% $67,694; 90% $99,454; 95%
$141,130; 99% $361,878; 99.9% $1,491,280.
(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.
17-Feb-12
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T12-0032
H.R. 3630: The Middle Class Tax Relief and Job Creation Act of 2012
Baseline: Current Policy (Including Temporary Payroll Tax Cut Continuation Act of 2011)
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table - Elderly Tax Units
Percent of Tax Units
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
4
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
Average Federal Tax Rate
Change (%
Points)
6
Under the
Proposal
4.3
10.7
34.3
47.8
52.1
29.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.2
0.4
0.3
0.3
0.4
2.3
12.5
27.3
57.5
100.0
-4
-13
-77
-211
-462
-144
-6.2
-6.3
-5.0
-3.1
-0.9
-1.3
0.0
0.0
-0.1
-0.2
0.4
0.0
0.1
0.5
3.2
11.5
84.7
100.0
0.0
-0.1
-0.2
-0.3
-0.2
-0.2
0.6
1.1
4.0
9.9
21.5
15.5
49.4
53.0
55.8
55.3
64.6
0.0
0.0
0.0
0.0
0.0
0.4
0.4
0.3
0.1
0.0
17.7
17.5
16.5
5.9
0.8
-319
-513
-606
-747
-1,014
-2.2
-1.8
-1.1
-0.2
-0.1
-0.1
-0.1
0.1
0.5
0.3
10.8
12.7
20.6
40.6
22.3
-0.3
-0.3
-0.2
-0.1
0.0
14.2
17.4
20.8
27.8
31.0
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
Pre-Tax Income
14.9
25.1
23.4
18.6
17.9
100.0
8,807
18,333
36,941
66,644
235,268
69,121
1.9
6.6
12.5
18.0
61.1
100.0
59
210
1,552
6,834
50,964
10,844
0.1
0.5
3.4
11.7
84.3
100.0
8,748
18,122
35,389
59,810
184,304
58,278
2.2
7.8
14.2
19.1
56.7
100.0
0.7
1.2
4.2
10.3
21.7
15.7
2,900
1,783
1,422
411
43
8.0
4.9
3.9
1.1
0.1
102,036
158,813
270,694
1,385,408
6,520,261
11.8
11.3
15.3
22.7
11.1
14,826
28,084
56,791
385,318
2,023,359
10.9
12.7
20.5
40.2
22.0
87,209
130,729
213,902
1,000,090
4,496,902
12.0
11.0
14.4
19.4
9.1
14.5
17.7
21.0
27.8
31.0
Average (dollars)
Percent of
Total
Average
Federal Tax
Rate 6
5,424
9,099
8,491
6,762
6,515
36,319
Average (dollars)
Percent of
Total
After-Tax Income 5
Percent of
Total
Average (dollars)
Percent of
Total
Federal Tax Burden
Number
(thousands)
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-3).
* Less than 0.05
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 including the Temporary Payroll Tax Cut Continuation Act of 2011. Proposal is H.R. 3630 which includes a full year extension of the payroll tax holiday where the OASDI
tax rate is reduced two percentage points to 4.2% for the entire 2012 calendar year. Table captures effects of the additional ten month extension. For a description of TPC's current law and current policy
baselines, see
http://www.taxpolicycenter.org/T11-0270
(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 2011 dollars): 20% $11,888; 40% $22,737; 60% $38,728; 80% $67,694; 90% $99,454; 95%
$141,130; 99% $361,878; 99.9% $1,491,280.
(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.