13-Oct-09
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 T09-0410
Remove Tax Expenditures for New Savings in Defined Contribution Plans, Baseline: Administration Baseline
Distribution of Federal Tax Change by Cash Income Percentile, 2012 1
Summary Table
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 ($)
Average Federal Tax Rate 6
Change (%
Points)
Under the
Proposal
1.3
0.8
0.3
0.1
0.0
0.6
1.7
12.9
27.8
42.2
54.7
24.4
0.0
-0.4
-1.0
-1.4
-1.6
-1.3
0.1
3.1
11.2
22.6
63.1
100.0
2
108
433
1,040
3,297
785
0.0
0.4
0.8
1.1
1.2
1.0
5.0
10.8
17.3
20.0
26.0
21.6
0.0
0.0
0.0
0.0
0.0
53.7
57.7
54.8
49.5
42.5
-2.1
-2.2
-1.9
-0.5
-0.1
22.8
15.9
18.6
5.9
0.6
2,357
3,382
4,874
6,118
6,063
1.7
1.7
1.4
0.3
0.1
23.0
24.2
26.0
29.1
31.2
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0309-3).
Number of AMT Taxpayers (millions). Baseline: 4.9
Proposal: 5.4
(1) Calendar year. Baseline is the Administration's baseline (extends all of the individual income tax provisions included in 2001 EGTRRA and 2003 JGTRRA;
maintains the estate tax at its 2009 parameters; extends the 2009 AMT Patch and indexes the AMT exemption, rate bracket threshold, and phase-out exemption threshold
for inflation). Proposal removes tax preferences for new savings; there are no tax-free contributions to IRAs or other retirement plans, there are no ROTH, Keogh, SEP
or SIMPLE accounts.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax
units. The breaks are (in 2009 dollars): 20% $19,957, 40% $37,919, 60% $66,635, 80% $111,847, 90% $160,851, 95% $224,521, 99% $590,626, 99.9% $2,706,134.
(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.
13-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0410
Remove Savings Tax Expenditures for New Savings in Defined Contribution Plans, Baseline: Administration Baseline
Distribution of Federal Tax Change by Cash Income Percentile, 2012 1
Detail Table
4
Percent of Tax Units
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
1.3
0.8
0.3
0.1
0.0
0.6
1.7
12.9
27.8
42.2
54.7
24.4
0.0
-0.4
-1.0
-1.4
-1.6
-1.3
0.1
3.1
11.2
22.6
63.1
100.0
2
108
433
1,040
3,297
785
0.3
3.5
4.9
6.0
4.8
4.9
0.0
-0.1
0.0
0.2
-0.1
0.0
0.9
4.3
11.2
18.6
65.0
100.0
0.0
0.4
0.8
1.1
1.2
1.0
5.0
10.8
17.3
20.0
26.0
21.6
0.0
0.0
0.0
0.0
0.0
53.7
57.7
54.8
49.5
42.5
-2.1
-2.2
-1.9
-0.5
-0.1
22.8
15.9
18.6
5.9
0.6
2,357
3,382
4,874
6,118
6,063
7.9
7.6
5.7
1.2
0.2
0.4
0.3
0.1
-0.9
-0.6
14.5
10.5
16.0
23.9
11.9
1.7
1.7
1.4
0.3
0.1
23.0
24.2
26.0
29.1
31.2
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile, 2012 1
4
Tax Units
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
39,109
35,235
31,797
26,816
23,648
157,316
24.9
22.4
20.2
17.1
15.0
100.0
11,727
29,685
53,843
91,347
279,733
77,851
587
3,109
8,856
17,256
69,292
16,013
11,140
26,575
44,986
74,091
210,441
61,838
5.0
10.5
16.5
18.9
24.8
20.6
3.7
8.5
14.0
20.0
54.0
100.0
4.5
9.6
14.7
20.4
51.2
100.0
0.9
4.4
11.2
18.4
65.1
100.0
11,954
5,808
4,701
1,185
120
7.6
3.7
3.0
0.8
0.1
139,760
197,580
346,049
1,831,745
8,392,568
29,760
44,510
85,001
527,346
2,614,539
110,000
153,070
261,048
1,304,399
5,778,029
21.3
22.5
24.6
28.8
31.2
13.6
9.4
13.3
17.7
8.2
13.5
9.1
12.6
15.9
7.1
14.1
10.3
15.9
24.8
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 0309-3).
Number of AMT Taxpayers (millions). Baseline: 4.9
Proposal: 5.4
(1) Calendar year. Baseline is the Administration's baseline (extends all of the individual income tax provisions included in 2001 EGTRRA and 2003 JGTRRA; maintains the estate tax at its 2009 parameters; extends the 2009
AMT Patch and indexes the AMT exemption, rate bracket threshold, and phase-out exemption threshold for inflation). Proposal removes tax preferences for new savings; there are no tax-free contributions to IRAs or other
retirement plans, there are no ROTH, Keogh, SEP or SIMPLE accounts.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The breaks are (in 2009 dollars): 20% $19,957, 40%
$37,919, 60% $66,635, 80% $111,847, 90% $160,851, 95% $224,521, 99% $590,626, 99.9% $2,706,134.
(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.
13-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0410
Remove Savings Tax Expenditures for New Savings in Defined Contribution Plans, Baseline: Administration Baseline
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table
4
Percent of Tax Units
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
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
1.9
0.6
0.2
0.0
0.0
0.6
1.5
11.8
24.7
39.0
47.8
24.4
0.0
-0.4
-0.8
-1.5
-1.5
-1.3
-0.1
2.8
7.9
23.8
65.6
100.0
-2
105
310
974
2,678
785
-1.4
4.4
4.3
6.6
4.6
4.9
0.0
0.0
-0.1
0.3
-0.2
0.0
0.2
3.1
8.9
18.1
69.7
100.0
0.0
0.4
0.7
1.2
1.1
1.0
1.2
9.2
15.8
19.8
25.8
21.6
0.0
0.0
0.0
0.0
0.0
46.8
50.2
48.4
43.9
37.5
-2.0
-2.1
-1.8
-0.5
-0.1
23.5
17.0
19.1
6.1
0.6
1,901
2,747
3,953
5,297
5,326
7.5
7.2
5.5
1.2
0.2
0.4
0.3
0.1
-0.9
-0.6
15.8
11.9
17.1
24.9
12.3
1.6
1.6
1.3
0.3
0.1
22.9
24.3
25.6
29.0
31.1
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, 2012 1
4
Tax Units
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
32,338
32,399
31,437
30,153
30,278
157,316
20.6
20.6
20.0
19.2
19.3
100.0
10,962
27,043
47,482
79,882
236,122
77,851
130
2,393
7,171
14,862
58,134
16,013
10,832
24,650
40,310
65,019
177,988
61,838
1.2
8.9
15.1
18.6
24.6
20.6
2.9
7.2
12.2
19.7
58.4
100.0
3.6
8.2
13.0
20.2
55.4
100.0
0.2
3.1
9.0
17.8
69.9
100.0
15,269
7,622
5,955
1,432
142
9.7
4.9
3.8
0.9
0.1
119,425
168,851
296,127
1,589,334
7,406,757
25,442
38,328
71,952
454,787
2,297,984
93,984
130,524
224,175
1,134,548
5,108,773
21.3
22.7
24.3
28.6
31.0
14.9
10.5
14.4
18.6
8.6
14.8
10.2
13.7
16.7
7.4
15.4
11.6
17.0
25.9
12.9
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0309-3).
Number of AMT Taxpayers (millions). Baseline: 4.9
Proposal: 5.4
(1) Calendar year. Baseline is the Administration's baseline (extends all of the individual income tax provisions included in 2001 EGTRRA and 2003 JGTRRA; maintains the estate tax at its 2009 parameters; extends the 2009
AMT Patch and indexes the AMT exemption, rate bracket threshold, and phase-out exemption threshold for inflation). Proposal removes tax preferences for new savings; there are no tax-free contributions to IRAs or other
retirement plans, there are no ROTH, Keogh, SEP or SIMPLE accounts.
(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 2009 dollars): 20% $13,636, 40% $25,075, 60% $42,597, 80% $68,949, 90% $98,059, 95% $138,184, 99% $356,154, 99.9%
$1,639,811.
(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.
13-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0410
Remove Savings Tax Expenditures for New Savings in Defined Contribution Plans, Baseline: Administration 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
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
0.7
0.3
0.1
0.0
0.0
0.3
0.8
6.1
16.0
26.0
30.7
13.7
0.0
-0.2
-0.5
-1.2
-1.1
-0.9
0.0
2.6
10.3
30.0
57.1
100.0
0
36
155
564
1,303
318
0.0
1.6
2.7
4.8
3.3
3.4
-0.1
-0.1
-0.1
0.3
0.0
0.0
1.7
5.5
13.1
21.6
58.1
100.0
0.0
0.2
0.4
1.0
0.9
0.7
8.1
11.2
17.1
21.5
26.3
21.4
0.0
0.0
0.0
0.1
0.0
31.2
32.2
28.6
24.7
15.8
-1.6
-1.5
-1.1
-0.3
-0.1
24.8
15.0
13.4
4.0
0.3
1,068
1,371
1,666
2,391
2,078
5.4
4.7
3.3
0.7
0.1
0.3
0.1
0.0
-0.5
-0.3
15.8
10.9
13.6
17.7
8.6
1.2
1.1
0.8
0.2
0.0
24.1
25.0
25.0
30.8
34.2
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile Adjusted for Family Size, 2012 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Number
(thousands)
Percent of
Total
16,855
15,642
14,507
11,601
9,540
68,506
24.6
22.8
21.2
16.9
13.9
100.0
8,088
20,751
35,163
57,652
153,955
45,237
651
2,282
5,841
11,816
39,127
9,380
7,437
18,468
29,322
45,836
114,828
35,857
5,053
2,377
1,749
362
31
7.4
3.5
2.6
0.5
0.1
86,100
121,430
207,161
1,058,983
5,306,728
19,716
29,018
50,178
323,474
1,815,167
66,384
92,411
156,983
735,509
3,491,562
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
8.1
11.0
16.6
20.5
25.4
20.7
4.4
10.5
16.5
21.6
47.4
100.0
5.1
11.8
17.3
21.7
44.6
100.0
1.7
5.6
13.2
21.3
58.1
100.0
22.9
23.9
24.2
30.6
34.2
14.0
9.3
11.7
12.4
5.4
13.7
8.9
11.2
10.8
4.4
15.5
10.7
13.7
18.2
8.8
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 0309-3).
(1) Calendar year. Baseline is the Administration's baseline (extends all of the individual income tax provisions included in 2001 EGTRRA and 2003 JGTRRA; maintains the estate tax at its 2009 parameters; extends the 2009
AMT Patch and indexes the AMT exemption, rate bracket threshold, and phase-out exemption threshold for inflation). Proposal removes tax preferences for new savings; there are no tax-free contributions to IRAs or other
retirement plans, there are no ROTH, Keogh, SEP or SIMPLE accounts.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family size by
dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2009 dollars): 20% $13,636, 40% $25,075, 60% $42,597, 80% $68,949, 90% $98,059, 95% $138,184, 99% $356,154,
99.9% $1,639,811.
(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.
13-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0410
Remove Savings Tax Expenditures for New Savings in Defined Contribution Plans, Baseline: Administration 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
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
2.8
1.0
0.4
0.1
0.0
0.6
3.3
18.3
35.4
50.2
57.3
39.7
0.0
-0.5
-0.9
-1.6
-1.6
-1.5
0.0
1.6
5.8
21.5
71.1
100.0
1
166
482
1,313
3,452
1,512
1.0
5.8
5.6
7.6
5.1
5.5
0.0
0.0
0.0
0.3
-0.3
0.0
0.1
1.5
5.7
15.8
76.8
100.0
0.0
0.5
0.8
1.3
1.2
1.2
1.0
8.8
14.6
18.9
25.6
22.5
0.0
0.0
0.0
0.0
0.0
56.3
59.8
58.0
51.7
46.1
-2.2
-2.3
-2.0
-0.5
-0.1
23.9
18.5
21.6
7.1
0.7
2,414
3,481
5,060
6,480
6,610
8.4
8.1
6.2
1.3
0.3
0.4
0.3
0.1
-1.2
-0.7
16.1
12.9
19.4
28.5
13.9
1.7
1.8
1.5
0.4
0.1
22.4
24.1
25.8
28.5
30.5
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 Adjusted for Family Size, 2012 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Number
(thousands)
Percent of
Total
6,836
8,755
11,214
15,212
19,110
61,400
11.1
14.3
18.3
24.8
31.1
100.0
14,389
34,618
62,026
97,768
279,599
128,766
137
2,882
8,568
17,190
68,093
27,484
14,252
31,736
53,458
80,578
211,506
101,282
9,202
4,942
3,955
1,011
102
15.0
8.1
6.4
1.7
0.2
138,970
192,850
337,574
1,756,500
7,937,859
28,682
43,001
82,150
494,364
2,411,526
110,288
149,849
255,424
1,262,135
5,526,333
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
1.0
8.3
13.8
17.6
24.4
21.3
1.2
3.8
8.8
18.8
67.6
100.0
1.6
4.5
9.6
19.7
65.0
100.0
0.1
1.5
5.7
15.5
77.1
100.0
20.6
22.3
24.3
28.1
30.4
16.2
12.1
16.9
22.5
10.2
16.3
11.9
16.2
20.5
9.1
15.6
12.6
19.3
29.6
14.6
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 0309-3).
(1) Calendar year. Baseline is the Administration's baseline (extends all of the individual income tax provisions included in 2001 EGTRRA and 2003 JGTRRA; maintains the estate tax at its 2009 parameters; extends the 2009
AMT Patch and indexes the AMT exemption, rate bracket threshold, and phase-out exemption threshold for inflation). Proposal removes tax preferences for new savings; there are no tax-free contributions to IRAs or other
retirement plans, there are no ROTH, Keogh, SEP or SIMPLE accounts.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family size by
dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2009 dollars): 20% $13,636, 40% $25,075, 60% $42,597, 80% $68,949, 90% $98,059, 95% $138,184, 99% $356,154,
99.9% $1,639,811.
(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.
13-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0410
Remove Savings Tax Expenditures for New Savings in Defined Contribution Plans, Baseline: Administration 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
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
3.5
0.8
0.2
0.1
0.0
1.5
1.5
16.0
26.4
33.2
39.0
16.1
0.1
-0.6
-0.9
-1.4
-1.2
-0.8
-0.9
17.9
25.5
31.0
26.5
100.0
-8
178
383
856
1,728
302
0.9
9.0
4.9
5.6
3.9
5.4
0.3
0.4
-0.1
0.1
-0.5
0.0
-5.6
11.1
28.0
29.8
36.5
100.0
-0.1
0.6
0.7
1.1
0.9
0.7
-7.0
6.9
15.9
20.5
25.2
14.1
0.0
0.0
0.0
0.0
0.0
41.8
35.5
32.4
33.3
19.7
-1.7
-1.4
-1.1
-0.3
-0.1
15.0
4.7
5.4
1.4
0.1
1,525
1,670
2,383
3,299
2,774
5.9
4.5
3.7
0.8
0.1
0.1
-0.1
-0.1
-0.4
-0.2
13.9
5.6
7.8
9.3
4.3
1.3
1.1
0.9
0.2
0.0
23.9
24.4
24.1
29.1
31.1
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, 2012 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Number
(thousands)
Percent of
Total
8,355
7,578
5,002
2,726
1,153
24,862
33.6
30.5
20.1
11.0
4.6
100.0
13,999
31,423
51,564
78,373
184,854
41,756
-966
1,975
7,834
15,182
44,765
5,598
14,965
29,448
43,731
63,190
140,089
36,159
740
211
169
32
3
3.0
0.9
0.7
0.1
0.0
115,411
158,521
280,025
1,444,013
6,993,121
26,060
36,924
65,094
416,368
2,173,021
89,351
121,597
214,931
1,027,645
4,820,100
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-6.9
6.3
15.2
19.4
24.2
13.4
11.3
22.9
24.8
20.6
20.5
100.0
13.9
24.8
24.3
19.2
18.0
100.0
-5.8
10.8
28.2
29.7
37.1
100.0
22.6
23.3
23.3
28.8
31.1
8.2
3.2
4.6
4.5
2.0
7.4
2.9
4.0
3.7
1.6
13.9
5.6
7.9
9.7
4.5
Average
Federal Tax
Rate6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0309-3).
(1) Calendar year. Baseline is the Administration's baseline (extends all of the individual income tax provisions included in 2001 EGTRRA and 2003 JGTRRA; maintains the estate tax at its 2009 parameters; extends the 2009
AMT Patch and indexes the AMT exemption, rate bracket threshold, and phase-out exemption threshold for inflation). Proposal removes tax preferences for new savings; there are no tax-free contributions to IRAs or other
retirement plans, there are no ROTH, Keogh, SEP or SIMPLE accounts.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family size by
dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2009 dollars): 20% $13,636, 40% $25,075, 60% $42,597, 80% $68,949, 90% $98,059, 95% $138,184, 99% $356,154,
99.9% $1,639,811.
(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.
13-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0410
Remove Savings Tax Expenditures for New Savings in Defined Contribution Plans, Baseline: Administration Baseline
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table - Tax Units with Children
4
Percent of Tax Units
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
Dollars
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
4.0
1.0
0.3
0.1
0.0
1.2
2.4
21.4
38.0
56.2
66.9
34.7
0.0
-0.7
-1.0
-2.0
-1.9
-1.6
-0.1
4.3
9.4
27.8
58.6
100.0
-7
245
550
1,743
4,510
1,226
0.5
10.6
5.6
8.7
5.6
6.4
0.1
0.1
-0.1
0.4
-0.5
0.0
-1.4
2.7
10.7
21.0
67.0
100.0
0.0
0.7
0.9
1.7
1.4
1.3
-8.7
7.2
16.2
20.7
27.1
21.4
0.0
0.0
0.0
0.0
0.0
66.5
68.9
66.2
63.0
54.0
-2.7
-2.7
-2.2
-0.6
-0.1
22.5
14.7
16.4
5.0
0.5
3,338
4,725
6,497
8,059
7,565
9.3
8.9
6.2
1.3
0.3
0.4
0.3
0.0
-1.2
-0.7
15.8
10.8
16.8
23.5
11.2
2.1
2.1
1.6
0.4
0.1
24.4
25.4
27.4
30.0
31.3
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
4
Tax Units
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
10,815
10,484
10,353
9,644
7,855
49,293
21.9
21.3
21.0
19.6
15.9
100.0
15,090
35,679
64,150
105,690
316,419
95,214
-1,302
2,312
9,825
20,107
81,191
19,168
16,391
33,367
54,325
85,584
235,228
76,046
4,070
1,884
1,523
378
37
8.3
3.8
3.1
0.8
0.1
160,563
227,342
403,939
2,087,355
9,762,184
35,769
52,936
104,290
618,457
3,048,047
124,795
174,407
299,649
1,468,898
6,714,137
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-8.6
6.5
15.3
19.0
25.7
20.1
3.5
8.0
14.2
21.7
53.0
100.0
4.7
9.3
15.0
22.0
49.3
100.0
-1.5
2.6
10.8
20.5
67.5
100.0
22.3
23.3
25.8
29.6
31.2
13.9
9.1
13.1
16.8
7.6
13.6
8.8
12.2
14.8
6.6
15.4
10.6
16.8
24.7
11.8
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 0309-3).
Note: Tax units with children are those claiming an exemption for children at home or away from home.
(1) Calendar year. Baseline is the Administration's baseline (extends all of the individual income tax provisions included in 2001 EGTRRA and 2003 JGTRRA; maintains the estate tax at its 2009 parameters; extends the 2009
AMT Patch and indexes the AMT exemption, rate bracket threshold, and phase-out exemption threshold for inflation). Proposal removes tax preferences for new savings; there are no tax-free contributions to IRAs or other
retirement plans, there are no ROTH, Keogh, SEP or SIMPLE accounts.
(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 2009 dollars): 20% $13,636, 40% $25,075, 60% $42,597, 80% $68,949, 90% $98,059, 95% $138,184, 99% $356,154, 99.9%
$1,639,811.
(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.
13-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0410
Remove Savings Tax Expenditures for New Savings in Defined Contribution Plans, Baseline: Administration Baseline
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table - Elderly Tax Units
4
Percent of Tax Units
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
Dollars
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
6
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
0.2
0.1
0.0
0.0
0.0
0.1
0.5
1.2
4.3
12.7
14.6
7.1
0.0
0.0
-0.1
-0.2
-0.3
-0.2
0.1
0.6
3.3
18.0
78.1
100.0
2
4
29
153
518
162
0.4
0.4
1.4
1.9
1.0
1.1
0.0
0.0
0.0
0.1
-0.1
0.0
0.3
1.5
2.5
10.7
84.9
100.0
0.0
0.0
0.1
0.2
0.2
0.2
3.3
3.9
5.0
11.3
22.4
17.5
0.0
0.0
0.0
0.0
0.0
14.8
13.8
15.3
13.8
12.9
-0.3
-0.4
-0.4
-0.2
0.0
19.5
16.9
27.7
14.0
1.4
278
453
806
1,579
1,663
1.6
1.6
1.4
0.4
0.1
0.1
0.1
0.1
-0.3
-0.2
13.1
11.8
21.6
38.4
19.1
0.3
0.3
0.3
0.1
0.0
15.8
18.8
21.8
28.8
31.7
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, 2012 1
4
Tax Units
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
4,167
7,540
5,432
5,756
7,378
30,291
13.8
24.9
17.9
19.0
24.4
100.0
10,783
23,370
41,368
74,513
232,411
85,420
356
916
2,044
8,256
51,629
14,797
10,427
22,454
39,324
66,256
180,782
70,622
3,435
1,827
1,681
434
42
11.3
6.0
5.6
1.4
0.1
109,456
155,369
267,378
1,393,711
6,524,092
16,979
28,800
57,395
399,426
2,066,189
92,477
126,569
209,983
994,285
4,457,902
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
3.3
3.9
4.9
11.1
22.2
17.3
1.7
6.8
8.7
16.6
66.3
100.0
2.0
7.9
10.0
17.8
62.4
100.0
0.3
1.5
2.5
10.6
85.0
100.0
15.5
18.5
21.5
28.7
31.7
14.5
11.0
17.4
23.4
10.6
14.9
10.8
16.5
20.2
8.7
13.0
11.7
21.5
38.7
19.3
Average
Federal Tax
Rate6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0309-3).
Note: Elderly tax units are those with either head or spouse (if filing jointly) age 65 or older.
(1) Calendar year. Baseline is the Administration's baseline (extends all of the individual income tax provisions included in 2001 EGTRRA and 2003 JGTRRA; maintains the estate tax at its 2009 parameters; extends the 2009
AMT Patch and indexes the AMT exemption, rate bracket threshold, and phase-out exemption threshold for inflation). Proposal removes tax preferences for new savings; there are no tax-free contributions to IRAs or other
retirement plans, there are no ROTH, Keogh, SEP or SIMPLE accounts.
(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 2009 dollars): 20% $13,636, 40% $25,075, 60% $42,597, 80% $68,949, 90% $98,059, 95% $138,184, 99% $356,154, 99.9%
$1,639,811.
(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.