14-Aug-08
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 T08-0203
Senator Obama's Tax Proposals of August 14, 2008: Economic Advisers' Version (No Payroll Surtax)
Distribution of Federal Tax Change by Cash Income Percentile, 2009 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
67.8
86.1
93.3
86.4
76.6
81.3
7.7
8.4
5.7
12.1
22.3
10.4
5.5
3.6
2.6
1.8
-1.5
0.6
44.6
59.2
67.7
64.0
-135.4
100.0
-567
-892
-1,118
-1,264
3,017
-331
-5.3
-3.2
-2.2
-1.4
1.1
-0.4
-0.7
7.5
14.7
18.4
27.3
21.3
83.3
85.6
66.3
7.1
1.0
14.8
13.9
33.5
92.8
99.0
2.0
1.9
-0.1
-7.0
-8.9
48.4
30.6
-1.1
-213.4
-124.7
-2,135
-2,796
121
93,709
542,882
-1.6
-1.5
0.0
5.0
6.1
21.1
23.0
26.5
34.5
37.4
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
29.9
Proposal:
4.0
(1) Calendar year. Baseline is current law. For a detailed description of the proposals see Tables T08-0192 and T08-0193. Assumes all provisions are fully phased in.
(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 2008 dollars): 20% $18,981, 40% $37,595, 60% $66,354, 80% $111,645, 90% $160,972, 95% $226,918, 99% $603,402, 99.9% $2,871,682.
(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.
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0203
Senator Obama's Tax Proposals of August 14, 2008: Economic Advisers' Version (No Payroll Surtax)
Distribution of Federal Tax Change by Cash Income Percentile, 2009 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
67.8
86.1
93.3
86.4
76.6
81.3
7.7
8.4
5.7
12.1
22.3
10.4
5.5
3.6
2.6
1.8
-1.5
0.6
44.6
59.2
67.7
64.0
-135.4
100.0
-567
-892
-1,118
-1,264
3,017
-331
-115.9
-29.8
-12.8
-7.2
4.1
-2.0
-0.9
-1.1
-1.2
-1.0
4.2
0.0
-0.1
2.9
9.5
16.9
70.7
100.0
-5.3
-3.2
-2.2
-1.4
1.1
-0.4
-0.7
7.5
14.7
18.4
27.3
21.3
83.3
85.6
66.3
7.1
1.0
14.8
13.9
33.5
92.8
99.0
2.0
1.9
-0.1
-7.0
-8.9
48.4
30.6
-1.1
-213.4
-124.7
-2,135
-2,796
121
93,709
542,882
-7.0
-6.0
0.1
16.8
19.4
-0.7
-0.4
0.4
4.9
2.8
13.4
10.0
16.7
30.6
15.8
-1.6
-1.5
0.0
5.0
6.1
21.1
23.0
26.5
34.5
37.4
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, 2009 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number
(thousands)
Percent of
Total
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Average
Federal Tax
Rate6
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
39,102
32,942
30,075
25,152
22,287
150,241
26.0
21.9
20.0
16.7
14.8
100.0
10,744
28,057
51,924
87,992
279,244
75,289
489
2,990
8,758
17,474
73,327
16,358
10,256
25,066
43,166
70,518
205,917
58,930
4.6
10.7
16.9
19.9
26.3
21.7
3.7
8.2
13.8
19.6
55.0
100.0
4.5
9.3
14.7
20.0
51.8
100.0
0.8
4.0
10.7
17.9
66.5
100.0
11,264
5,439
4,454
1,131
114
7.5
3.6
3.0
0.8
0.1
135,143
192,266
340,985
1,889,937
8,929,410
30,710
46,956
90,123
558,571
2,798,346
104,433
145,310
250,862
1,331,366
6,131,064
22.7
24.4
26.4
29.6
31.3
13.5
9.3
13.4
18.9
9.0
13.3
8.9
12.6
17.0
7.9
14.1
10.4
16.3
25.7
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 0308-6).
Number of AMT Taxpayers (millions). Baseline:
29.9
Proposal:
4.0
(1) Calendar year. Baseline is current law. For a detailed description of the proposals, see tables T08-0192 and T08-0193. Assumes all proposals are fully phased in.
(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 2008 dollars): 20% $18,981, 40%
$37,595, 60% $66,354, 80% $111,645, 90% $160,972, 95% $226,918, 99% $603,402, 99.9% $2,871,682.
(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.
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0203
Senator Obama's Tax Proposals of August 14, 2008: Economic Advisers' Version (No Payroll Surtax)
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2009 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
71.9
78.9
91.2
91.8
74.5
81.3
5.9
9.2
6.6
7.5
23.6
10.4
6.3
3.9
2.8
2.4
-1.5
0.6
41.2
55.8
64.0
84.8
-145.7
100.0
-631
-895
-1,088
-1,479
2,541
-331
-662.5
-41.2
-15.0
-9.9
4.2
-2.0
-0.9
-1.1
-1.1
-1.4
4.5
0.0
-0.7
1.6
7.5
16.0
75.5
100.0
-6.3
-3.5
-2.4
-1.9
1.1
-0.4
-5.3
5.1
13.4
17.6
27.1
21.3
86.3
73.0
62.3
8.5
1.1
12.7
22.6
36.2
91.4
98.9
1.9
1.4
0.0
-6.9
-8.8
47.9
25.8
-0.6
-218.8
-129.1
-1,661
-1,781
52
79,773
475,028
-6.3
-4.5
0.1
16.5
19.3
-0.7
-0.3
0.4
5.1
2.9
14.6
11.3
17.7
31.8
16.5
-1.4
-1.1
0.0
4.9
6.0
21.3
23.1
26.1
34.3
37.3
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, 2009 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number
(thousands)
Percent of
Total
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Average
Federal Tax
Rate6
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
32,429
30,972
29,186
28,494
28,475
150,241
21.6
20.6
19.4
19.0
19.0
100.0
10,059
25,261
46,073
76,773
235,357
75,289
95
2,171
7,275
14,997
61,276
16,358
9,963
23,091
38,798
61,776
174,081
58,930
1.0
8.6
15.8
19.5
26.0
21.7
2.9
6.9
11.9
19.3
59.3
100.0
3.7
8.1
12.8
19.9
56.0
100.0
0.1
2.7
8.6
17.4
71.0
100.0
14,316
7,191
5,606
1,362
135
9.5
4.8
3.7
0.9
0.1
115,555
163,422
292,160
1,640,591
7,862,950
26,273
39,524
76,083
483,081
2,460,688
89,281
123,898
216,078
1,157,511
5,402,262
22.7
24.2
26.0
29.5
31.3
14.6
10.4
14.5
19.8
9.4
14.4
10.1
13.7
17.8
8.2
15.3
11.6
17.4
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 0308-6).
Number of AMT Taxpayers (millions). Baseline:
29.9
Proposal:
4.0
(1) Calendar year. Baseline is current law. For a detailed description of the proposals, see tables T08-0192 and T08-0193. Assumes all proposals are fully phased in.
(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 2008 dollars): 20% $12,921, 40% $24,393, 60% $41,924, 80% $67,748, 90% $96,780, 95% $137,143, 99% $359,711,
99.9% $1,730,730.
(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.
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0203
Senator Obama's Tax Proposals of August 14, 2008: Economic Advisers' Version (No Payroll Surtax)
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2009 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
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
63.2
67.3
88.6
92.5
57.9
73.0
7.1
13.1
8.3
6.6
36.3
12.6
6.3
3.5
2.8
2.1
-1.9
0.8
47.0
51.0
55.5
54.2
-107.8
100.0
-452
-596
-763
-888
2,137
-266
-91.3
-28.7
-12.8
-7.8
5.3
-3.0
-1.4
-1.4
-1.3
-1.0
5.1
0.0
0.1
3.9
11.5
19.6
64.8
100.0
-5.9
-3.1
-2.3
-1.6
1.4
-0.6
0.6
7.8
15.5
19.3
27.9
20.8
76.6
38.5
41.2
7.0
0.5
20.7
47.6
53.9
92.6
99.5
0.6
-0.3
-0.9
-7.0
-9.4
9.2
-2.8
-12.1
-102.2
-58.6
-346
218
1,316
52,313
339,361
-1.8
0.8
2.6
15.2
17.6
0.2
0.4
0.8
3.7
2.1
15.5
11.1
14.7
23.5
11.9
-0.4
0.2
0.7
4.8
6.1
23.2
24.7
26.1
36.4
40.8
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, 2009 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
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
Number
(thousands)
Percent of
Total
17,979
14,788
12,570
10,552
8,719
64,958
27.7
22.8
19.4
16.2
13.4
100.0
7,650
19,082
33,514
54,870
151,432
42,053
495
2,075
5,963
11,459
40,037
9,009
7,155
17,008
27,551
43,411
111,395
33,043
6.5
10.9
17.8
20.9
26.4
21.4
5.0
10.3
15.4
21.2
48.3
100.0
6.0
11.7
16.1
21.3
45.3
100.0
1.5
5.2
12.8
20.7
59.7
100.0
4,605
2,193
1,584
338
30
7.1
3.4
2.4
0.5
0.1
82,197
116,199
201,882
1,087,643
5,550,592
19,411
28,446
51,326
343,598
1,927,502
62,786
87,752
150,556
744,045
3,623,090
23.6
24.5
25.4
31.6
34.7
13.9
9.3
11.7
13.5
6.1
13.5
9.0
11.1
11.7
5.0
15.3
10.7
13.9
19.8
9.8
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
29.9
Proposal:
4.0
(1) Calendar year. Baseline is current law. For a detailed description of the proposals, see tables T08-0192 and T08-0193. Assumes all proposals are fully phased in.
(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 2008 dollars): 20% $12,921, 40% $24,393, 60% $41,924, 80% $67,748, 90% $96,780, 95% $137,143, 99% $359,711,
99.9% $1,730,730.
(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.
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0203
Senator Obama's Tax Proposals of August 14, 2008: Economic Advisers' Version (No Payroll Surtax)
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2009 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
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
76.2
83.4
90.8
90.3
81.8
85.1
7.3
9.3
7.2
9.2
18.1
11.4
5.8
4.0
2.8
2.5
-1.3
0.2
48.5
98.6
150.6
273.5
-470.6
100.0
-763
-1,199
-1,423
-1,923
2,701
-175
-777.0
-45.9
-16.6
-11.0
3.7
-0.6
-0.3
-0.6
-0.9
-1.6
3.4
0.0
-0.3
0.7
4.7
13.8
81.0
100.0
-5.7
-3.7
-2.4
-2.1
1.0
-0.1
-5.0
4.4
12.0
16.7
26.9
22.6
91.0
88.3
71.0
9.1
1.3
8.9
11.6
28.9
90.8
98.7
2.3
1.9
0.2
-6.8
-8.7
200.1
123.0
20.3
-814.0
-475.4
-2,393
-2,729
-559
87,909
510,101
-8.0
-6.1
-0.6
16.7
19.7
-1.2
-0.7
0.0
5.2
3.0
14.4
11.8
19.5
35.3
18.0
-1.8
-1.5
-0.2
4.9
6.0
20.6
22.6
26.1
33.8
36.7
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 Adjusted for Family Size, 2009 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
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
Number
(thousands)
Percent of
Total
6,621
8,578
11,027
14,829
18,163
59,479
11.1
14.4
18.5
24.9
30.5
100.0
13,343
32,397
59,438
93,284
278,505
125,155
98
2,613
8,556
17,517
72,149
28,407
13,245
29,785
50,882
75,767
206,356
96,748
0.7
8.1
14.4
18.8
25.9
22.7
1.2
3.7
8.8
18.6
68.0
100.0
1.5
4.4
9.8
19.5
65.1
100.0
0.0
1.3
5.6
15.4
77.6
100.0
8,717
4,700
3,780
965
97
14.7
7.9
6.4
1.6
0.2
134,567
186,829
332,302
1,813,978
8,464,842
30,085
44,951
87,124
525,774
2,593,798
104,482
141,877
245,177
1,288,205
5,871,044
22.4
24.1
26.2
29.0
30.6
15.8
11.8
16.9
23.5
11.1
15.8
11.6
16.1
21.6
9.9
15.5
12.5
19.5
30.0
14.9
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
29.9
Proposal:
4.0
(1) Calendar year. Baseline is current law. For a detailed description of the proposals, see tables T08-0192 and T08-0193. Assumes all proposals are fully phased in.
(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 2008 dollars): 20% $12,921, 40% $24,393, 60% $41,924, 80% $67,748, 90% $96,780, 95% $137,143, 99% $359,711,
99.9% $1,730,730.
(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.
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0203
Senator Obama's Tax Proposals of August 14, 2008: Economic Advisers' Version (No Payroll Surtax)
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2009 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
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
88.2
96.2
97.7
96.7
82.0
93.2
1.7
1.3
1.7
2.6
15.7
2.4
6.9
4.2
2.9
2.2
-0.8
2.9
30.7
35.7
24.8
14.1
-5.3
100.0
-948
-1,160
-1,187
-1,328
1,100
-1,004
106.2
-65.8
-15.4
-8.6
2.4
-17.6
-7.6
-5.6
0.7
3.1
9.3
0.0
-12.7
4.0
29.0
31.9
47.9
100.0
-7.3
-3.9
-2.4
-1.8
0.6
-2.5
-14.2
2.0
13.2
18.6
26.0
11.7
88.7
84.0
63.3
7.0
0.9
9.8
10.1
35.4
91.9
98.9
1.5
1.4
-0.8
-6.8
-8.8
4.0
1.4
-1.1
-9.6
-5.5
-1,276
-1,615
1,619
72,174
468,985
-4.9
-4.4
2.3
16.4
19.5
2.2
0.9
2.0
4.3
2.2
16.4
6.7
10.2
14.6
7.2
-1.2
-1.1
0.6
4.8
6.0
22.4
23.5
25.6
34.0
37.1
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, 2009 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
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
Number
(thousands)
Percent of
Total
7,558
7,198
4,877
2,482
1,128
23,292
32.5
30.9
20.9
10.7
4.8
100.0
12,952
29,592
49,284
75,584
179,427
40,351
-893
1,762
7,705
15,417
45,460
5,718
13,845
27,830
41,578
60,168
133,967
34,633
-6.9
6.0
15.6
20.4
25.3
14.2
10.4
22.7
25.6
20.0
21.5
100.0
13.0
24.8
25.1
18.5
18.7
100.0
-5.1
9.5
28.2
28.7
38.5
100.0
730
209
158
31
3
3.1
0.9
0.7
0.1
0.0
109,967
149,881
276,495
1,510,258
7,770,538
25,875
36,808
69,198
441,228
2,410,896
84,092
113,073
207,296
1,069,030
5,359,641
23.5
24.6
25.0
29.2
31.0
8.6
3.3
4.7
5.0
2.3
7.6
2.9
4.1
4.1
1.8
14.2
5.8
8.2
10.4
5.0
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
29.9
Proposal:
4.0
(1) Calendar year. Baseline is current law. For a detailed description of the proposals, see tables T08-0192 and T08-0193. Assumes all proposals are fully phased in.
(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 2008 dollars): 20% $12,921, 40% $24,393, 60% $41,924, 80% $67,748, 90% $96,780, 95% $137,143, 99% $359,711,
99.9% $1,730,730.
(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.
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0203
Senator Obama's Tax Proposals of August 14, 2008: Economic Advisers' Version (No Payroll Surtax)
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2009 1
Detail Table - Tax Units with Children
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Increase
Percent Change
in After-Tax
Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
93.6
99.1
98.8
98.0
86.6
95.5
0.7
0.7
1.1
1.8
13.1
3.2
7.2
4.7
3.1
3.2
-0.9
1.4
21.3
30.2
33.4
49.2
-34.1
100.0
-1,100
-1,483
-1,594
-2,572
2,075
-1,036
89.4
-72.4
-16.6
-12.4
2.5
-5.1
-1.2
-1.5
-1.2
-1.6
5.5
0.0
-2.4
0.6
8.9
18.5
74.3
100.0
-7.8
-4.4
-2.6
-2.5
0.7
-1.1
-16.5
1.7
13.1
17.9
27.7
20.4
96.5
96.0
67.7
3.6
0.1
2.9
3.9
32.2
96.4
99.9
3.1
2.8
-0.1
-7.2
-8.9
31.1
17.6
-0.6
-82.2
-46.6
-3,615
-4,485
197
108,137
628,410
-9.9
-8.1
0.2
16.8
19.6
-0.8
-0.4
0.9
5.7
3.1
15.1
10.7
18.0
30.5
15.1
-2.4
-2.1
0.1
5.0
6.1
21.6
23.4
27.3
35.1
37.2
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, 2009 1
Tax Units4
2,3
Cash Income Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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
Number
(thousands)
Percent of
Total
9,648
10,138
10,440
9,539
8,194
48,094
20.1
21.1
21.7
19.8
17.0
100.0
14,150
33,628
61,157
101,199
306,666
95,281
-1,230
2,049
9,590
20,699
82,784
20,498
15,380
31,578
51,567
80,500
223,881
74,782
-8.7
6.1
15.7
20.5
27.0
21.5
3.0
7.4
13.9
21.1
54.8
100.0
4.1
8.9
15.0
21.4
51.0
100.0
-1.2
2.1
10.2
20.0
68.8
100.0
4,292
1,951
1,572
379
37
8.9
4.1
3.3
0.8
0.1
153,064
218,471
392,713
2,144,629
10,295,847
36,632
55,676
107,147
644,360
3,201,895
116,432
162,796
285,567
1,500,269
7,093,952
23.9
25.5
27.3
30.1
31.1
14.3
9.3
13.5
17.7
8.3
13.9
8.8
12.5
15.8
7.3
16.0
11.0
17.1
24.8
12.0
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
29.9
Proposal:
4.0
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. For a detailed description of the proposals, see tables T08-0192 and T08-0193. Assumes all proposals are fully phased in.
(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 divi
by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2008 dollars): 20% $12,921, 40% $24,393, 60% $41,924, 80% $67,748, 90% $96,780, 95% $137,143, 99% $359,711, 99.9%
$1,730,730.
(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.
14-Aug-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0203
Senator Obama's Tax Proposals of August 14, 2008: Economic Advisers' Version (No Payroll Surtax)
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2009 1
Detail Table - Elderly Tax Units
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax
Increase
Percent Change
in After-Tax
Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
22.9
36.9
64.0
68.9
43.6
45.5
18.9
28.6
27.7
29.1
54.8
31.9
0.9
0.8
1.5
1.5
-3.2
-1.4
-1.9
-5.0
-10.1
-20.0
136.9
100.0
-82
-163
-566
-919
5,894
856
-36.6
-18.6
-20.2
-10.6
9.8
6.0
-0.1
-0.4
-0.7
-1.8
3.0
0.0
0.2
1.3
2.3
9.5
86.7
100.0
-0.8
-0.8
-1.4
-1.3
2.4
1.1
1.4
3.4
5.4
11.0
26.7
19.9
52.1
42.2
39.5
8.4
1.8
46.1
54.9
60.4
91.5
98.2
0.0
-0.4
-1.3
-7.4
-9.1
-0.3
3.1
14.4
119.6
67.4
-28
522
2,660
75,029
416,850
-0.2
1.8
4.3
17.3
19.1
-0.7
-0.4
-0.3
4.4
2.6
10.4
10.1
20.1
46.1
23.9
0.0
0.4
1.0
5.2
6.2
17.1
20.0
24.5
35.1
38.4
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, 2009 1
Tax Units4
2,3
Cash Income Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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
Number
(thousands)
Percent of
Total
5,675
7,562
4,371
5,321
5,689
28,639
19.8
26.4
15.3
18.6
19.9
100.0
9,958
21,260
41,175
69,880
246,281
75,721
225
874
2,802
8,634
59,870
14,211
9,733
20,386
38,372
61,246
186,411
61,511
2.3
4.1
6.8
12.4
24.3
18.8
2.6
7.4
8.3
17.2
64.6
100.0
3.1
8.8
9.5
18.5
60.2
100.0
0.3
1.6
3.0
11.3
83.7
100.0
2,500
1,471
1,329
391
40
8.7
5.1
4.6
1.4
0.1
105,353
147,862
266,234
1,451,124
6,768,885
18,022
29,004
62,662
434,478
2,184,219
87,330
118,858
203,572
1,016,645
4,584,666
17.1
19.6
23.5
29.9
32.3
12.1
10.0
16.3
26.1
12.4
12.4
9.9
15.4
22.5
10.3
11.1
10.5
20.5
41.7
21.3
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-6).
Number of AMT Taxpayers (millions). Baseline:
29.9
Proposal:
4.0
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. For a detailed description of the proposals, see tables T08-0192 and T08-0193. Assumes all proposals are fully phased in.
(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 divi
by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2008 dollars): 20% $12,921, 40% $24,393, 60% $41,924, 80% $67,748, 90% $96,780, 95% $137,143, 99% $359,711, 99.9%
$1,730,730.
(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.