3‐Jun‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0144
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile, 2012 1
Summary Table
Tax Units with Tax Increase or Cut 3
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax Cut
Pct of Tax Avg Tax Cut
Units
With Tax Increase
Pct of Tax Avg Tax Units
Increase
Percent Change in After‐Tax Income5
Share of Total Federal Tax Change
Average Federal Tax Change ($)
Average Federal Tax Rate6
Change (% Points)
Under the Proposal
*
2.1
6.5
37.5
82.0
19.6
**
‐250
‐489
‐1,248
‐3,826
‐2,712
0.0
0.0
0.0
0.0
0.0
0.0
0
0
0
0
0
0
0.0
0.0
0.1
0.7
1.5
1.0
0.0
0.2
1.2
14.4
84.2
100.0
0
‐5
‐32
‐468
‐3,137
‐532
0.0
0.0
‐0.1
‐0.6
‐1.1
‐0.8
1.6
7.3
14.0
18.4
24.4
19.7
80.3
92.9
88.4
20.6
3.6
‐2,668
‐4,149
‐6,051
‐3,983
‐4,546
0.0
0.0
0.0
0.0
0.0
0
0
0
0
0
2.0
2.7
2.1
0.1
0.0
29.0
25.3
28.8
1.1
0.0
‐2,143
‐3,856
‐5,350
‐820
‐163
‐1.6
‐2.0
‐1.6
‐0.1
0.0
21.0
22.7
24.2
27.9
30.4
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐1).
Number of AMT Taxpayers (millions). Baseline: 31.2 Proposal: 4.7
* Less than 0.05
** Insufficient data
(1) Calendar year. Baseline is current law. Proposal would extend the 2011 AMT patch which indexes the AMT exemption threshold for inflation after 2011 and allows non‐refundable personal credits against AMT liability.
(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 cash income breaks are (in 2011 dollars): 20% $17,082; 40% $34,078; 60% $61,868; 80% $104,110; 90% $168,586; 95% $215,481; 99% $568,351; 99.9% $2,467,357.
(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. 3‐Jun‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0144
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile, 2012 1
Detail Table
Percent of Tax Units4
Cash Income Percentile
2,3
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)
Average Federal Tax Rate6
Under the Proposal
Change (% Points)
Under the Proposal
*
2.1
6.5
37.5
82.0
19.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.7
1.5
1.0
0.0
0.2
1.2
14.4
84.2
100.0
0
‐5
‐32
‐468
‐3,137
‐532
0.0
‐0.3
‐0.5
‐3.0
‐4.5
‐3.7
0.0
0.1
0.3
0.1
‐0.6
0.0
0.3
3.0
9.3
17.9
69.5
100.0
0.0
0.0
‐0.1
‐0.6
‐1.1
‐0.8
1.6
7.3
14.0
18.4
24.4
19.7
80.3
92.9
88.4
20.6
3.6
0.0
0.0
0.0
0.0
0.0
2.0
2.7
2.1
0.1
0.0
29.0
25.3
28.8
1.1
0.0
‐2,143
‐3,856
‐5,350
‐820
‐163
‐6.9
‐8.2
‐6.0
‐0.2
0.0
‐0.5
‐0.5
‐0.4
0.9
0.5
15.0
11.0
17.3
26.1
13.9
‐1.6
‐2.0
‐1.6
‐0.1
0.0
21.0
22.7
24.2
27.9
30.4
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile, 2012 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Pre‐Tax Income
Federal Tax Burden
After‐Tax Income 5
Average Federal Tax Rate 6
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
43,663
37,050
32,849
27,060
23,575
165,201
26.4
22.4
19.9
16.4
14.3
100.0
9,572
25,295
45,950
81,893
275,386
69,939
3.6
8.1
13.1
19.2
56.2
100.0
154
1,844
6,475
15,515
70,212
14,315
0.3
2.9
9.0
17.8
70.0
100.0
9,418
23,451
39,475
66,378
205,174
55,625
4.5
9.5
14.1
19.6
52.6
100.0
1.6
7.3
14.1
19.0
25.5
20.5
11,894
5,764
4,723
1,193
122
7.2
3.5
2.9
0.7
0.1
137,086
191,432
344,096
1,787,841
8,534,016
14.1
9.6
14.1
18.5
2,590,322
30,868
47,319
88,718
499,811
5,943,694
15.5
11.5
17.7
25.2
30.4
106,218
144,113
255,378
1,288,030
9.0
13.8
9.0
13.1
16.7
7.9
22.5
24.7
25.8
28.0
13.4
Number (thousands)
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐1).
Number of AMT Taxpayers (millions). Baseline: 31.2 Proposal: 4.7
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would extend the 2011 AMT patch which indexes the AMT exemption threshold for inflation after 2011 and allows non‐refundable personal credits against AMT liability.
(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 cash income breaks are (in 2011 dollars): 20% $17,082; 40% $34,078; 60% $61,868; 80% $104,110; 90% $168,586; 95% $215,481; 99% $568,351; 99.9% $2,467,357.
(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. 3‐Jun‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0144
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table
Percent of Tax Units4
2,3
Cash Income Percentile
With Tax Increase
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent Change in After‐Tax Income5
Share of Total Federal Tax Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (% Points)
Average Federal Tax Rate6
Under the Proposal
Change (% Points)
Under the Proposal
*
4.0
7.7
29.8
65.3
19.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.2
0.9
1.4
1.0
0.0
0.5
2.4
17.7
79.4
100.0
0
‐12
‐63
‐502
‐2,372
‐532
0.0
‐1.0
‐1.2
‐3.9
‐4.0
‐3.7
0.0
0.1
0.2
0.0
‐0.2
0.0
‐0.4
1.8
7.7
17.0
73.8
100.0
0.0
‐0.1
‐0.2
‐0.7
‐1.0
‐0.8
‐2.8
5.2
12.9
17.7
24.3
19.7
55.7
77.7
84.0
24.0
4.2
0.0
0.0
0.0
0.0
0.0
1.8
2.0
1.9
0.1
0.0
27.4
22.1
28.5
1.4
0.0
‐1,634
‐2,629
‐4,278
‐844
‐181
‐6.2
‐6.5
‐5.6
‐0.2
0.0
‐0.4
‐0.4
‐0.4
1.0
0.5
15.9
12.2
18.4
27.3
14.4
‐1.4
‐1.6
‐1.4
‐0.1
0.0
21.3
22.3
24.2
27.8
30.3
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
1
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
Number (thousands)
Pre‐Tax Income
Federal Tax Burden
After‐Tax Income 5
Average Federal Tax 6
Rate Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
35,974
34,567
33,255
30,969
29,431
165,201
21.8
20.9
20.1
18.8
17.8
100.0
8,876
22,590
40,903
70,796
235,116
69,939
2.8
6.8
11.8
19.0
59.9
100.0
‐250
1,195
5,325
13,022
59,464
14,315
‐0.4
1.8
7.5
17.1
74.0
100.0
9,126
21,395
35,578
57,774
175,651
55,625
3.6
8.1
12.9
19.5
56.3
100.0
‐2.8
5.3
13.0
18.4
25.3
20.5
14,735
7,387
5,859
1,450
144
8.9
4.5
3.6
0.9
0.1
115,382
169,033
296,436
1,540,746
7,479,092
14.7
10.8
15.0
19.3
2,263,758
26,193
40,290
75,928
428,729
5,215,334
16.3
12.6
18.8
26.3
30.3
89,189
128,743
220,508
1,112,017
9.3
14.3
10.4
14.1
17.6
8.2
22.7
23.8
25.6
27.8
13.8
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐1)
Number of AMT Taxpayers (millions). Baseline: 31.2 Proposal: 4.7
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would extend the 2011 AMT patch which indexes the AMT exemption threshold for inflation after 2011 and allows non‐refundable personal credit
against AMT liability.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are
adjusted for family size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2011 dollars): 20% $11,855; 40% $22,674; 60% $38,620; 80% $67,504; 90% $99,176; 95% $140,736; 99% $360,867; 99.9% $1,487,112.
(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. 3‐Jun‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0144
Extend and Index 2011 AMT Patch
Baseline: Current Law
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 Percentile
2,3
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)
Average Federal Tax Rate6
Under the Proposal
Change (% Points)
Under the Proposal
*
0.2
0.1
1.3
19.3
2.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.4
0.2
0.0
0.2
0.9
4.1
94.8
100.0
0
0
‐2
‐12
‐388
‐45
0.0
0.0
‐0.1
‐0.1
‐1.0
‐0.7
0.0
0.0
0.1
0.1
‐0.2
0.0
1.3
4.5
12.7
21.5
60.0
100.0
0.0
0.0
0.0
0.0
‐0.3
‐0.1
4.3
7.3
13.8
19.3
25.0
18.7
6.1
15.4
63.3
18.9
2.9
0.0
0.0
0.0
0.0
0.0
0.2
0.3
0.9
0.1
0.0
14.3
10.4
65.5
4.5
0.1
‐98
‐259
‐1,377
‐414
‐68
‐0.5
‐1.0
‐2.8
‐0.1
0.0
0.0
0.0
‐0.3
0.1
0.1
17.6
7.0
14.7
20.6
10.2
‐0.1
‐0.2
‐0.7
0.0
0.0
22.8
23.0
23.9
29.4
33.0
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile Adjusted for Family Size, 2012 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Pre‐Tax Income
Federal Tax Burden
After‐Tax Income 5
Average Federal Tax Rate 6
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
23,296
19,542
16,237
12,148
8,806
80,620
28.9
24.2
20.1
15.1
10.9
100.0
7,053
17,555
30,999
50,263
149,273
36,344
5.6
11.7
17.2
20.8
44.9
100.0
301
1,274
4,286
9,709
37,764
6,853
1.3
4.5
12.6
21.4
60.2
100.0
6,752
16,281
26,713
40,554
111,509
29,491
6.6
13.4
18.2
20.7
41.3
100.0
4.3
7.3
13.8
19.3
25.3
18.9
5,247
1,450
1,714
395
34
6.5
1.8
2.1
0.5
0.0
80,765
115,538
197,496
972,862
5,001,060
14.5
5.7
11.6
13.1
1,651,168
18,546
26,814
48,553
286,118
3,349,892
17.6
7.0
15.1
20.5
33.0
62,218
88,724
148,943
686,744
5.8
13.7
5.4
10.7
11.4
4.8
23.0
23.2
24.6
29.4
10.1
Number (thousands)
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐1).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would extend the 2011 AMT patch which indexes the AMT exemption threshold for inflation after 2011 and allows non‐refundable personal credits against AMT liability.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2011 dollars): 20% $11,855; 40% $22,674; 60% $38,620; 80% $67,504; 90% $99,176; 95% $140,736; 99% $360,867; 99.9% $1,487,112.
(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. 3‐Jun‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0144
Extend and Index 2011 AMT Patch
Baseline: Current Law
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 Percentile
2,3
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)
Average Federal Tax Rate6
Under the Proposal
Change (% Points)
Under the Proposal
0.0
8.1
14.0
45.3
85.2
44.5
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.2
1.1
1.6
1.3
0.0
0.2
1.6
16.2
81.9
100.0
0
‐23
‐113
‐816
‐3,331
‐1,362
0.0
‐1.5
‐1.8
‐5.3
‐4.8
‐4.7
0.0
0.0
0.1
‐0.1
‐0.1
0.0
‐0.2
0.7
4.5
14.4
80.6
100.0
0.0
‐0.1
‐0.2
‐0.9
‐1.2
‐1.0
‐6.6
5.0
11.7
16.8
24.1
21.0
83.4
93.1
92.8
26.2
4.7
0.0
0.0
0.0
0.0
0.0
2.4
2.3
2.2
0.1
0.0
28.7
23.6
28.3
1.3
0.0
‐2,603
‐3,248
‐5,634
‐1,036
‐225
‐8.3
‐7.4
‐6.4
‐0.2
0.0
‐0.6
‐0.4
‐0.4
1.3
0.7
15.6
14.6
20.6
29.9
15.6
‐1.9
‐1.8
‐1.7
‐0.1
0.0
20.7
22.2
24.2
27.4
29.7
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
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number (thousands)
Pre‐Tax Income
Federal Tax Burden
After‐Tax Income 5
Average Federal Tax Rate 6
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
4,296
6,617
11,298
15,501
19,157
57,183
7.5
11.6
19.8
27.1
33.5
100.0
13,221
31,809
53,751
87,305
276,344
131,340
0.8
2.8
8.1
18.0
70.5
100.0
‐877
1,597
6,415
15,475
69,794
28,988
‐0.2
0.6
4.4
14.5
80.7
100.0
14,098
30,212
47,336
71,830
206,550
102,352
1.0
3.4
9.1
19.0
67.6
100.0
‐6.6
5.0
11.9
17.7
25.3
22.1
8,593
5,655
3,914
995
102
15.0
9.9
6.9
1.7
0.2
138,354
183,483
342,206
1,736,620
8,159,559
15.8
13.8
17.8
23.0
2,425,910
31,194
43,919
88,593
476,227
5,733,648
16.2
15.0
20.9
28.6
29.7
107,160
139,564
253,613
1,260,393
11.0
15.7
13.5
17.0
21.4
10.0
22.6
23.9
25.9
27.4
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 0411‐1).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would extend the 2011 AMT patch which indexes the AMT exemption threshold for inflation after 2011 and allows non‐refundable personal credits against AMT liability.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2011 dollars): 20% $11,855; 40% $22,674; 60% $38,620; 80% $67,504; 90% $99,176; 95% $140,736; 99% $360,867; 99.9% $1,487,112.
(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. 3‐Jun‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0144
Extend and Index 2011 AMT Patch
Baseline: Current Law
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 Percentile
2,3
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)
Average Federal Tax Rate6
Under the Proposal
Change (% Points)
Under the Proposal
0.0
9.5
15.9
59.9
79.2
15.9
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.3
1.4
1.2
0.6
0.0
4.8
12.9
46.6
35.8
100.0
0
‐29
‐124
‐838
‐1,694
‐193
0.0
‐5.0
‐2.0
‐5.9
‐3.7
‐4.5
‐0.6
0.0
0.7
‐0.5
0.4
0.0
‐12.2
4.2
29.1
34.8
44.1
100.0
0.0
‐0.1
‐0.3
‐1.2
‐0.9
‐0.5
‐12.9
2.0
13.3
18.4
23.9
11.1
76.3
90.8
86.6
20.1
5.1
0.0
0.0
0.0
0.0
0.0
1.6
2.0
1.2
0.1
0.0
16.6
11.1
7.8
0.3
0.0
‐1,313
‐2,392
‐2,471
‐470
‐116
‐5.3
‐6.2
‐3.7
‐0.1
0.0
‐0.1
‐0.2
0.1
0.6
0.3
13.9
7.9
9.7
12.7
6.2
‐1.3
‐1.5
‐0.9
0.0
0.0
22.1
22.3
23.6
27.9
30.0
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile Adjusted for Family Size, 2012 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Pre‐Tax Income
Federal Tax Burden
After‐Tax Income 5
Average Federal Tax Rate 6
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
8,142
7,970
4,970
2,665
1,013
24,826
32.8
32.1
20.0
10.7
4.1
100.0
11,820
27,357
44,886
72,171
185,283
36,919
10.5
23.8
24.3
21.0
20.5
100.0
‐1,529
568
6,090
14,126
45,992
4,297
‐11.7
4.2
28.4
35.3
43.7
100.0
13,349
26,789
38,796
58,046
139,291
32,622
13.4
26.4
23.8
19.1
17.4
100.0
‐12.9
2.1
13.6
19.6
24.8
11.6
607
223
151
34
3
2.4
0.9
0.6
0.1
0.0
105,401
160,960
276,308
1,383,004
6,783,100
7.0
3.9
4.5
5.1
2,032,130
24,595
38,316
67,761
386,257
4,750,970
14.0
8.0
9.6
12.1
30.0
80,806
122,644
208,547
996,748
2.3
6.1
3.4
3.9
4.1
1.8
23.3
23.8
24.5
27.9
5.9
Number (thousands)
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐1).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would extend the 2011 AMT patch which indexes the AMT exemption threshold for inflation after 2011 and allows non‐refundable personal credits against AMT liability.ty.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for family size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2011 dollars): 20% $11,855; 40% $22,674; 60% $38,620; 80% $67,504; 90% $99,176; 95% $140,736; 99% $360,867; 99.9% $1,487,112.
(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. 3‐Jun‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0144
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table ‐ Tax Units with Children
Percent of Tax Units4
2,3
Cash Income Percentile
With Tax Increase
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent Change in After‐Tax Income5
Share of Total Federal Tax Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (% Points)
Average Federal Tax Rate6
Under the Proposal
Change (% Points)
Under the Proposal
0.1
11.9
25.2
72.2
91.5
37.9
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.4
1.9
2.0
1.5
0.0
0.7
3.7
25.1
70.5
100.0
0
‐37
‐208
‐1,435
‐4,521
‐1,124
0.0
‐7.5
‐2.7
‐7.6
‐5.6
‐5.9
‐0.1
0.0
0.3
‐0.4
0.2
0.0
‐2.4
0.6
8.4
19.0
74.4
100.0
0.0
‐0.1
‐0.4
‐1.5
‐1.5
‐1.2
‐16.7
1.5
13.6
18.5
25.3
19.6
96.0
97.4
91.3
13.6
1.9
0.0
0.0
0.0
0.0
0.0
3.3
3.2
2.1
0.0
0.0
34.0
17.5
18.6
0.4
0.0
‐4,033
‐5,128
‐6,153
‐535
‐40
‐10.1
‐9.5
‐5.7
‐0.1
0.0
‐0.9
‐0.4
0.0
1.5
0.8
18.9
10.4
19.2
25.8
13.0
‐2.5
‐2.4
‐1.6
0.0
0.0
22.3
23.0
25.7
28.9
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
Number (thousands)
Pre‐Tax Income
Federal Tax Burden
After‐Tax Income 5
Average Federal Tax 6
Rate Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
9,976
10,734
9,714
9,574
8,539
48,707
20.5
22.0
19.9
19.7
17.5
100.0
12,634
31,005
55,609
94,335
302,475
91,956
2.8
7.4
12.1
20.2
57.7
100.0
‐2,111
492
7,785
18,851
80,911
19,134
‐2.3
0.6
8.1
19.4
74.1
100.0
14,745
30,513
47,824
75,483
221,564
72,822
4.2
9.2
13.1
20.4
53.3
100.0
‐16.7
1.6
14.0
20.0
26.8
20.8
4,612
1,871
1,657
399
38
9.5
3.8
3.4
0.8
0.1
161,129
212,984
395,702
1,969,435
9,819,482
16.6
8.9
14.6
17.5
2,999,379
39,930
54,065
107,840
568,861
6,820,103
19.8
10.9
19.2
24.4
30.6
121,200
158,920
287,862
1,400,574
8.3
15.8
8.4
13.5
15.8
7.3
24.8
25.4
27.3
28.9
12.2
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐1)
* Less than 0.05
Note: Tax units with children are those claiming an exemption for children at home or away from home
(1) Calendar year. Baseline is current law. Proposal would extend the 2011 AMT patch which indexes the AMT exemption threshold for inflation after 2011 and allows non‐refundable personal credit
against AMT liability.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are
adjusted for family size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2011 dollars): 20% $11,855; 40% $22,674; 60% $38,620; 80% $67,504; 90% $99,176; 95% $140,736; 99% $360,867; 99.9% $1,487,112.
(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. 3‐Jun‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0144
Extend and Index 2011 AMT Patch
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2012 1
Detail Table ‐ Elderly Tax Units
Percent of Tax Units4
2,3
Cash Income Percentile
With Tax Increase
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent Change in After‐Tax Income5
Share of Total Federal Tax Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (% Points)
Average Federal Tax Rate6
Under the Proposal
Change (% Points)
Under the Proposal
0.0
*
0.5
13.8
57.3
13.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.2
0.9
0.5
0.0
0.0
0.3
6.9
92.7
100.0
0
0
‐4
‐114
‐1,579
‐306
0.0
‐0.1
‐0.3
‐1.6
‐3.0
‐2.7
0.0
0.0
0.1
0.1
‐0.2
0.0
0.1
0.5
3.4
11.8
84.2
100.0
0.0
0.0
0.0
‐0.2
‐0.7
‐0.4
0.7
1.2
4.3
10.4
21.6
15.7
43.3
69.0
78.3
32.4
5.2
0.0
0.0
0.0
0.0
0.0
0.8
1.3
1.6
0.1
0.0
17.7
27.1
43.8
4.2
0.1
‐678
‐1,686
‐3,416
‐1,120
‐226
‐4.3
‐5.6
‐5.7
‐0.3
0.0
‐0.2
‐0.4
‐0.6
1.0
0.6
11.0
12.8
20.5
39.8
21.8
‐0.7
‐1.1
‐1.3
‐0.1
0.0
14.7
17.9
21.0
27.5
30.7
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Cash Income Percentile Adjusted for Family Size, 2012 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number (thousands)
Pre‐Tax Income
Federal Tax Burden
After‐Tax Income 5
Average Federal Tax 6
Rate Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
5,424
9,099
8,491
6,762
6,515
36,319
14.9
25.1
23.4
18.6
17.9
100.0
8,807
18,333
36,941
66,644
235,268
69,121
1.9
6.6
12.5
18.0
61.1
100.0
60
213
1,573
7,012
52,461
11,151
0.1
0.5
3.3
11.7
84.4
100.0
8,747
18,119
35,368
59,632
182,806
57,970
2.3
7.8
14.3
19.2
56.6
100.0
0.7
1.2
4.3
10.5
22.3
16.1
2,900
1,783
1,422
411
43
8.0
4.9
3.9
1.1
0.1
102,036
158,813
270,694
1,385,408
6,520,261
11.8
11.3
15.3
22.7
2,002,509
15,643
30,051
60,313
382,575
4,517,752
11.2
13.2
21.2
38.8
30.7
86,393
128,762
210,381
1,002,833
11.1
11.9
10.9
14.2
19.6
9.2
15.3
18.9
22.3
27.6
21.2
Addendum
80‐90
90‐95
95‐99
Top 1 Percent
Top 0.1 Percent
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐1)
* Less than 0.05
Note: Elderly tax units are those with either head or spouse (if filing jointly) age 65 or older
(1) Calendar year. Baseline is current law. Proposal would extend the 2011 AMT patch which indexes the AMT exemption threshold for inflation after 2011 and allows non‐refundable personal credit
against AMT liability.
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are
adjusted for family size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2011 dollars): 20% $11,855; 40% $22,674; 60% $38,620; 80% $67,504; 90% $99,176; 95% $140,736; 99% $360,867; 99.9% $1,487,112.
(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.