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 T08-0207
Senator Obama's Tax Proposals of August 14, 2008: Advisers' Version (No Payroll Surtax), Tax Cuts Extended Baseline
1
Distribution of Federal Tax Change by Cash Income Percentile, 2012
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
85.6
91.9
81.9
52.6
76.6
7.7
8.4
6.8
15.2
42.7
14.2
5.4
3.4
2.2
1.0
-3.0
-0.5
-53.3
-69.7
-69.5
-42.6
334.5
100.0
-617
-950
-1,035
-757
6,770
299
-5.2
-3.1
-1.8
-0.8
2.2
0.4
-0.4
8.0
15.4
18.9
27.2
21.4
74.7
45.2
17.6
4.8
0.5
21.3
47.4
78.0
95.0
99.5
0.4
-0.3
-2.0
-8.0
-10.2
-11.1
5.4
55.9
284.2
164.3
-442
448
5,686
114,238
650,938
-0.3
0.2
1.5
5.7
7.1
21.7
23.3
26.5
34.1
37.5
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:
6.1
Proposal:
5.1
(1) Calendar year. Baseline assumes the provisions in the 2001-06 tax cuts scheduled to sunset at the end of 2010 are made permanent and the 2007 AMT patch is
extended and indexed for inflation. 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% $19,740, 40% $38,980, 60% $69,490, 80% $117,535, 90% $169,480, 95% $237,040, 99% $619,561, 99.9% $2,832,449.
(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 T08-0207
Senator Obama's Tax Proposals of August 14, 2008: Advisers' Version (No Payroll Surtax), Tax Cuts Extended Baseline
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
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
67.8
85.6
91.9
81.9
52.6
76.6
7.7
8.4
6.8
15.2
42.7
14.2
5.4
3.4
2.2
1.0
-3.0
-0.5
-53.3
-69.7
-69.5
-42.6
334.5
100.0
-617
-950
-1,035
-757
6,770
299
-109.4
-27.7
-10.4
-3.9
8.9
1.7
-0.9
-1.3
-1.4
-1.0
4.6
0.0
-0.1
3.1
10.1
17.6
69.2
100.0
-5.2
-3.1
-1.8
-0.8
2.2
0.4
-0.4
8.0
15.4
18.9
27.2
21.4
74.7
45.2
17.6
4.8
0.5
21.3
47.4
78.0
95.0
99.5
0.4
-0.3
-2.0
-8.0
-10.2
-11.1
5.4
55.9
284.2
164.3
-442
448
5,686
114,238
650,938
-1.3
0.9
6.0
20.2
23.5
-0.4
-0.1
0.7
4.4
2.6
13.9
10.2
16.6
28.5
14.6
-0.3
0.2
1.5
5.7
7.1
21.7
23.3
26.5
34.1
37.5
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 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
40,338
34,253
31,371
26,273
23,076
156,009
25.9
22.0
20.1
16.8
14.8
100.0
11,993
31,130
57,716
98,626
305,124
83,049
564
3,429
9,940
19,351
76,314
17,465
11,428
27,701
47,775
79,275
228,810
65,583
4.7
11.0
17.2
19.6
25.0
21.0
3.7
8.2
14.0
20.0
54.3
100.0
4.5
9.3
14.7
20.4
51.6
100.0
0.8
4.3
11.4
18.7
64.6
100.0
11,675
5,645
4,594
1,162
118
7.5
3.6
2.9
0.7
0.1
152,072
215,559
377,269
1,992,972
9,136,646
33,458
49,701
94,276
565,234
2,772,019
118,614
165,858
282,993
1,427,737
6,364,626
22.0
23.1
25.0
28.4
30.3
13.7
9.4
13.4
17.9
8.3
13.5
9.2
12.7
16.2
7.3
14.3
10.3
15.9
24.1
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:
6.1
Proposal:
5.1
(1) Calendar year. Baseline assumes the provisions in the 2001-06 tax cuts scheduled to sunset at the end of 2010 are made permanent and the 2007 AMT patch is extended and indexed for inflation. 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% $19,740, 40%
$38,980, 60% $69,490, 80% $117,535, 90% $169,480, 95% $237,040, 99% $619,561, 99.9% $2,832,449.
(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 T08-0207
Senator Obama's Tax Proposals of August 14, 2008: Advisers' Version (No Payroll Surtax), Tax Cuts Extended Baseline
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 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
71.9
78.5
90.7
88.8
53.7
76.6
6.0
9.2
6.8
9.8
40.9
14.2
6.2
3.6
2.4
1.3
-2.8
-0.5
-49.5
-64.0
-67.5
-56.2
336.7
100.0
-690
-926
-1,033
-887
5,341
299
-441.3
-36.1
-12.7
-5.3
8.3
1.7
-0.8
-1.1
-1.3
-1.3
4.5
0.0
-0.7
1.9
7.8
16.8
74.0
100.0
-6.1
-3.3
-2.0
-1.0
2.1
0.4
-4.8
5.8
13.9
18.3
27.0
21.4
75.9
46.0
18.5
5.2
0.5
20.4
44.5
75.5
94.3
99.5
0.5
-0.2
-1.7
-7.9
-10.2
-14.3
4.1
50.6
296.3
172.2
-451
255
4,085
98,590
576,582
-1.6
0.6
5.1
20.3
23.8
-0.5
-0.1
0.6
4.6
2.7
15.1
11.5
17.6
29.7
15.1
-0.4
0.1
1.3
5.7
7.2
21.8
23.4
26.1
33.9
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, 2012 1
Tax Units4
2,3
Cash Income Percentile
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
33,519
32,264
30,508
29,582
29,439
156,009
21.5
20.7
19.6
19.0
18.9
100.0
11,234
28,140
51,184
86,263
257,999
83,049
156
2,566
8,126
16,666
64,288
17,465
11,077
25,574
43,058
69,598
193,711
65,583
1.4
9.1
15.9
19.3
24.9
21.0
2.9
7.0
12.1
19.7
58.6
100.0
3.6
8.1
12.8
20.1
55.7
100.0
0.2
3.0
9.1
18.1
69.5
100.0
14,815
7,431
5,789
1,403
140
9.5
4.8
3.7
0.9
0.1
130,199
183,801
323,569
1,729,454
8,053,010
28,777
42,742
80,360
486,936
2,421,412
101,422
141,060
243,209
1,242,518
5,631,598
22.1
23.3
24.8
28.2
30.1
14.9
10.5
14.5
18.7
8.7
14.7
10.2
13.8
17.0
7.7
15.7
11.7
17.1
25.1
12.4
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:
6.1
Proposal:
5.1
(1) Calendar year. Baseline assumes the provisions in the 2001-06 tax cuts scheduled to sunset at the end of 2010 are made permanent and the 2007 AMT patch is extended and indexed for inflation. 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% $13,571, 40% $25,564, 60% $44,195, 80% $71,797, 90% $102,543, 95% $144,171, 99% $370,252, 99.9%
$1,726,142.
(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 T08-0207
Senator Obama's Tax Proposals of August 14, 2008: Advisers' Version (No Payroll Surtax), Tax Cuts Extended Baseline
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
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
63.3
66.9
88.5
89.7
48.4
71.3
7.1
13.1
8.1
9.0
42.6
13.7
6.3
3.3
2.7
1.5
-3.7
-0.1
-315.5
-333.5
-383.1
-279.4
1,408.5
100.0
-502
-635
-845
-743
4,640
44
-87.9
-27.5
-12.7
-5.6
11.2
0.5
-1.4
-1.5
-1.8
-1.4
6.1
0.0
0.2
4.0
11.8
21.0
62.9
100.0
-5.9
-3.0
-2.3
-1.2
2.8
0.1
0.8
7.9
15.5
20.1
27.8
20.8
71.9
27.4
17.7
4.6
0.1
23.0
54.4
72.7
94.6
99.9
0.3
-0.6
-2.5
-12.0
-16.0
-28.2
44.7
234.9
1,157.1
656.3
-175
588
4,299
99,927
647,897
-0.8
1.8
7.9
31.6
37.1
-0.2
0.2
1.0
5.1
2.9
15.8
11.1
14.4
21.7
10.9
-0.2
0.5
1.9
8.7
11.2
23.5
24.8
26.2
36.2
41.4
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
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
18,528
15,492
13,373
11,093
8,952
67,788
27.3
22.9
19.7
16.4
13.2
100.0
8,584
21,338
37,507
61,944
166,465
46,595
571
2,310
6,657
13,169
41,552
9,651
8,012
19,028
30,850
48,774
124,913
36,945
6.7
10.8
17.8
21.3
25.0
20.7
5.0
10.5
15.9
21.8
47.2
100.0
5.9
11.8
16.5
21.6
44.7
100.0
1.6
5.5
13.6
22.3
56.9
100.0
4,758
2,242
1,611
341
30
7.0
3.3
2.4
0.5
0.0
92,893
131,093
224,327
1,150,729
5,787,688
22,030
31,860
54,390
316,603
1,747,218
70,863
99,233
169,937
834,126
4,040,471
23.7
24.3
24.3
27.5
30.2
14.0
9.3
11.4
12.4
5.5
13.5
8.9
10.9
11.4
4.8
16.0
10.9
13.4
16.5
8.0
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:
6.1
Proposal:
5.1
(1) Calendar year. Baseline assumes the provisions in the 2001-06 tax cuts scheduled to sunset at the end of 2010 are made permanent and the 2007 AMT patch is extended and indexed for inflation. 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% $13,571, 40% $25,564, 60% $44,195, 80% $71,797, 90% $102,543, 95% $144,171, 99% $370,252, 99.9%
$1,726,142.
(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 T08-0207
Senator Obama's Tax Proposals of August 14, 2008: Advisers' Version (No Payroll Surtax), Tax Cuts Extended Baseline
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
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
76.2
83.1
89.8
88.5
57.0
76.8
7.9
9.3
7.9
10.8
40.2
18.8
5.6
3.7
2.3
1.2
-2.5
-0.9
-9.1
-17.6
-23.6
-25.8
175.8
100.0
-820
-1,220
-1,295
-1,042
5,725
1,004
-387.3
-38.9
-13.5
-5.4
7.6
3.3
-0.3
-0.6
-0.9
-1.3
3.2
0.0
-0.2
0.9
4.8
14.4
80.0
100.0
-5.5
-3.4
-2.0
-1.0
1.9
0.7
-4.1
5.3
12.5
17.3
26.7
22.7
80.4
55.4
18.8
5.5
0.6
18.2
39.9
77.1
94.2
99.4
0.5
-0.1
-1.5
-7.1
-9.2
-9.2
0.8
25.7
158.5
91.3
-625
96
4,008
96,857
550,874
-1.9
0.2
4.4
18.0
21.3
-0.8
-0.4
0.2
4.1
2.5
15.0
12.2
19.6
33.2
16.6
-0.4
0.1
1.1
5.1
6.4
21.1
23.0
26.1
33.3
36.4
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
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
6,761
8,813
11,162
15,151
18,797
60,954
11.1
14.5
18.3
24.9
30.8
100.0
14,790
36,067
66,221
105,103
305,001
138,787
212
3,132
9,594
19,233
75,844
30,441
14,579
32,934
56,627
85,870
229,157
108,347
1.4
8.7
14.5
18.3
24.9
21.9
1.2
3.8
8.7
18.8
67.8
100.0
1.5
4.4
9.6
19.7
65.2
100.0
0.1
1.5
5.8
15.7
76.8
100.0
8,999
4,873
3,924
1,002
101
14.8
8.0
6.4
1.6
0.2
151,491
209,583
367,042
1,904,894
8,600,122
32,538
48,006
91,748
537,905
2,581,835
118,952
161,577
275,294
1,366,989
6,018,286
21.5
22.9
25.0
28.2
30.0
16.1
12.1
17.0
22.6
10.3
16.2
11.9
16.4
20.7
9.3
15.8
12.6
19.4
29.0
14.1
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:
6.1
Proposal:
5.1
(1) Calendar year. Baseline assumes the provisions in the 2001-06 tax cuts scheduled to sunset at the end of 2010 are made permanent and the 2007 AMT patch is extended and indexed for inflation. 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% $13,571, 40% $25,564, 60% $44,195, 80% $71,797, 90% $102,543, 95% $144,171, 99% $370,252, 99.9%
$1,726,142.
(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 T08-0207
Senator Obama's Tax Proposals of August 14, 2008: Advisers' Version (No Payroll Surtax), Tax Cuts Extended Baseline
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
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
87.7
96.1
97.2
86.4
41.3
89.8
1.8
1.3
1.7
8.8
39.2
4.2
6.7
3.9
2.1
1.0
-1.9
2.2
39.4
43.4
25.1
8.4
-16.3
100.0
-1,026
-1,190
-990
-644
2,820
-839
115.1
-50.6
-11.4
-3.8
5.8
-12.9
-6.5
-4.8
0.5
3.0
7.8
0.0
-10.9
6.3
29.0
31.7
43.9
100.0
-7.1
-3.6
-1.8
-0.8
1.4
-1.9
-13.3
3.5
14.0
19.4
26.0
12.5
50.0
32.1
19.9
5.6
2.4
30.3
44.7
62.1
92.1
97.5
0.2
-0.2
-1.7
-7.6
-10.1
0.7
-0.3
-3.1
-13.6
-7.7
-191
248
3,825
83,914
552,229
-0.7
0.6
5.3
19.2
23.4
1.9
0.9
1.6
3.4
1.8
15.8
6.5
9.1
12.6
6.0
-0.2
0.2
1.3
5.4
7.1
22.9
24.0
25.2
33.7
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, 2012 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
7,961
7,556
5,252
2,696
1,198
24,714
32.2
30.6
21.3
10.9
4.9
100.0
14,430
32,988
55,112
84,953
197,502
45,216
-891
2,351
8,706
17,125
48,448
6,502
15,321
30,636
46,406
67,828
149,054
38,713
-6.2
7.1
15.8
20.2
24.5
14.4
10.3
22.3
25.9
20.5
21.2
100.0
12.8
24.2
25.5
19.1
18.7
100.0
-4.4
11.1
28.5
28.7
36.1
100.0
774
222
168
34
3
3.1
0.9
0.7
0.1
0.0
124,547
169,438
299,897
1,548,845
7,820,896
28,720
40,478
71,857
437,669
2,363,421
95,827
128,960
228,040
1,111,176
5,457,476
23.1
23.9
24.0
28.3
30.2
8.6
3.4
4.5
4.7
2.0
7.8
3.0
4.0
3.9
1.7
13.8
5.6
7.5
9.2
4.3
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:
6.1
Proposal:
5.1
(1) Calendar year. Baseline assumes the provisions in the 2001-06 tax cuts scheduled to sunset at the end of 2010 are made permanent and the 2007 AMT patch is extended and indexed for inflation. 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% $13,571, 40% $25,564, 60% $44,195, 80% $71,797, 90% $102,543, 95% $144,171, 99% $370,252, 99.9%
$1,726,142.
(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 T08-0207
Senator Obama's Tax Proposals of August 14, 2008: Advisers' Version (No Payroll Surtax), Tax Cuts Extended Baseline
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 4
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 Rate 6
Change (%
Points)
Under the
Proposal
93.7
99.0
98.4
94.3
52.6
89.0
0.7
0.7
1.3
4.4
41.5
8.5
7.1
4.4
2.4
1.2
-2.4
0.1
461.1
608.3
559.7
426.5
-1,954.6
100.0
-1,199
-1,514
-1,356
-1,126
6,096
-53
97.0
-55.1
-12.6
-5.0
7.0
-0.2
-1.1
-1.5
-1.3
-1.0
4.9
0.0
-2.3
1.2
9.4
19.4
72.2
100.0
-7.6
-4.0
-2.0
-1.0
1.8
-0.1
-15.4
3.3
13.8
18.7
27.7
20.8
76.3
39.5
16.4
2.0
0.0
18.2
50.8
80.0
97.8
100.0
0.5
-0.1
-1.6
-7.5
-9.3
114.8
-9.7
-307.9
-1,751.8
-964.0
-684
128
5,004
118,121
675,413
-1.7
0.2
4.4
17.7
20.7
-0.2
0.1
0.8
4.3
2.4
15.6
10.8
17.7
28.1
13.6
-0.4
0.1
1.2
5.2
6.4
22.3
23.9
27.4
34.9
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, 2012
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)
Number
(thousands)
Percent of
Total
9,871
10,311
10,593
9,721
8,230
48,864
20.2
21.1
21.7
19.9
16.8
100.0
15,772
37,449
68,197
113,901
336,992
105,014
-1,237
2,751
10,792
22,418
87,352
21,866
17,009
34,698
57,404
91,482
249,640
83,148
4,312
1,958
1,579
381
37
8.8
4.0
3.2
0.8
0.1
173,044
245,817
435,654
2,253,531
10,557,678
39,238
58,575
114,538
667,524
3,265,814
133,806
187,242
321,115
1,586,007
7,291,864
1
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-7.8
7.4
15.8
19.7
25.9
20.8
3.0
7.5
14.1
21.6
54.1
100.0
4.1
8.8
15.0
21.9
50.6
100.0
-1.1
2.7
10.7
20.4
67.3
100.0
22.7
23.8
26.3
29.6
30.9
14.5
9.4
13.4
16.7
7.5
14.2
9.0
12.5
14.9
6.6
15.8
10.7
16.9
23.8
11.2
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 0308-6).
Number of AMT Taxpayers (millions). Baseline:
6.1
Proposal:
5.1
Note: Tax units with children are those claiming an exemption for children at home or away from home.
(1) Calendar year. Baseline assumes the provisions in the 2001-06 tax cuts scheduled to sunset at the end of 2010 are made permanent and the 2007 AMT patch is extended and indexed for inflation. 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% $13,571, 40% $25,564, 60% $44,195, 80% $71,797, 90% $102,543, 95% $144,171, 99% $370,252, 99.9%
$1,726,142.
(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 T08-0207
Senator Obama's Tax Proposals of August 14, 2008: Advisers' Version (No Payroll Surtax), Tax Cuts Extended Baseline
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table - Elderly Tax Units
Percent of Tax Units 4
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 Rate 6
Change (%
Points)
Under the
Proposal
23.6
38.7
63.1
60.6
26.5
41.1
18.7
26.8
27.3
36.3
70.6
35.7
0.8
0.9
1.5
0.7
-5.0
-2.6
-1.0
-3.1
-5.4
-4.5
113.8
100.0
-91
-205
-626
-453
10,401
1,806
-37.4
-21.4
-20.1
-4.6
17.5
12.6
-0.2
-0.5
-1.0
-1.9
3.6
0.0
0.2
1.3
2.4
10.6
85.5
100.0
-0.8
-0.9
-1.4
-0.6
3.9
2.2
1.4
3.2
5.5
12.0
26.1
19.5
39.2
24.0
10.6
4.8
0.5
58.0
71.4
87.3
94.8
99.4
-0.7
-1.3
-3.3
-10.5
-13.1
3.3
4.8
19.3
86.4
48.9
661
1,729
7,677
118,377
660,415
3.4
5.5
12.0
28.5
32.0
-1.0
-0.7
-0.1
5.4
3.3
11.2
10.4
20.3
43.6
22.5
0.6
1.0
2.6
7.6
9.3
17.2
19.9
24.3
34.5
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, 2012
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)
Number
(thousands)
Percent of
Total
5,982
8,200
4,773
5,522
6,034
30,530
19.6
26.9
15.6
18.1
19.8
100.0
11,174
23,916
45,520
79,079
267,452
82,817
243
963
3,109
9,931
59,459
14,348
10,931
22,953
42,412
69,149
207,993
68,469
2,713
1,529
1,389
403
41
8.9
5.0
4.6
1.3
0.1
118,899
168,044
295,666
1,548,708
7,103,107
19,766
31,696
64,242
415,875
2,064,317
99,132
136,347
231,425
1,132,833
5,038,790
1
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.2
4.0
6.8
12.6
22.2
17.3
2.6
7.8
8.6
17.3
63.8
100.0
3.1
9.0
9.7
18.3
60.0
100.0
0.3
1.8
3.4
12.5
81.9
100.0
16.6
18.9
21.7
26.9
29.1
12.8
10.2
16.3
24.7
11.5
12.9
10.0
15.4
21.8
9.8
12.2
11.1
20.4
38.2
19.2
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 0308-6).
Number of AMT Taxpayers (millions). Baseline:
6.1
Proposal:
5.1
Note: Elderly tax units are those with either head or spouse (if filing jointly) age 65 or older.
(1) Calendar year. Baseline assumes the provisions in the 2001-06 tax cuts scheduled to sunset at the end of 2010 are made permanent and the 2007 AMT patch is extended and indexed for inflation. 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% $13,571, 40% $25,564, 60% $44,195, 80% $71,797, 90% $102,543, 95% $144,171, 99% $370,252, 99.9%
$1,726,142.
(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.