23-Jun-15
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T15-0035
Baseline Distribution of Income and Federal Taxes
All Tax Units
by Expanded Cash Income Level, 2016 ¹
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
14,724
26,039
21,906
16,072
13,205
23,789
15,880
27,265
10,362
1,317
705
172,532
Percent of
Total
8.5
15.1
12.7
9.3
7.7
13.8
9.2
15.8
6.0
0.8
0.4
100.0
Average Income
(Dollars)
5,753
15,359
25,245
35,565
45,784
62,910
88,631
141,622
288,418
686,585
3,064,525
86,987
Average
Federal Tax
Burden
(Dollars)
439
539
1,382
3,153
5,244
8,655
14,527
27,050
67,568
195,971
1,066,076
17,747
Average After-Tax
Income 3 (Dollars)
5,313
14,820
23,863
32,412
40,540
54,255
74,103
114,572
220,849
490,614
1,998,449
69,241
Average
Federal Tax
Rate 4
7.6
3.5
5.5
8.9
11.5
13.8
16.4
19.1
23.4
28.5
34.8
20.4
Share of PreTax Income
Share of PostTax Income
Share of
Federal Taxes
Percent of
Total
Percent of
Total
Percent of
Total
0.6
2.7
3.7
3.8
4.0
10.0
9.4
25.7
19.9
6.0
14.4
100.0
0.7
3.2
4.4
4.4
4.5
10.8
9.9
26.2
19.2
5.4
11.8
100.0
0.2
0.5
1.0
1.7
2.3
6.7
7.5
24.1
22.9
8.4
24.6
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-1).
Number of AMT Taxpayers (millions). Baseline: 4.3
(1) Calendar year. Baseline is current law. For a description of current law, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but
are included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
23-Jun-15
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T15-0035
Baseline Distribution of Income and Federal Taxes
Single Tax Units
by Expanded Cash Income Level, 2016 ¹
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
12,809
20,058
14,163
9,258
7,373
10,972
5,479
5,238
994
112
83
87,180
Percent of
Total
14.7
23.0
16.3
10.6
8.5
12.6
6.3
6.0
1.1
0.1
0.1
100.0
Average Income
(Dollars)
5,712
15,217
25,106
35,513
45,789
62,354
87,830
133,711
276,795
694,692
3,180,472
44,584
Average
Federal Tax
Burden
(Dollars)
540
971
2,305
4,363
6,653
10,769
17,880
29,832
73,900
223,500
1,197,912
8,266
Average After-Tax
Income 3 (Dollars)
5,171
14,246
22,801
31,150
39,137
51,585
69,951
103,879
202,896
471,193
1,982,560
36,317
Average
Federal Tax
Rate 4
9.5
6.4
9.2
12.3
14.5
17.3
20.4
22.3
26.7
32.2
37.7
18.5
Share of PreTax Income
Share of PostTax Income
Share of
Federal Taxes
Percent of
Total
Percent of
Total
Percent of
Total
1.9
7.9
9.2
8.5
8.7
17.6
12.4
18.0
7.1
2.0
6.8
100.0
2.1
9.0
10.2
9.1
9.1
17.9
12.1
17.2
6.4
1.7
5.2
100.0
1.0
2.7
4.5
5.6
6.8
16.4
13.6
21.7
10.2
3.5
13.8
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-1).
Number of AMT Taxpayers (millions). Baseline: 4.3
(1) Calendar Year. Baseline is current law. For a description of current law, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but
are included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
23-Jun-15
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T15-0035
Baseline Distribution of Income and Federal Taxes
Married Tax Units Filing Jointly
by Expanded Cash Income Level, 2016 ¹
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
825
1,902
2,948
2,940
2,904
7,878
7,909
19,667
9,043
1,165
594
58,288
Percent of
Total
1.4
3.3
5.1
5.0
5.0
13.5
13.6
33.7
15.5
2.0
1.0
100.0
Average Income
(Dollars)
4,990
15,969
25,619
35,768
45,927
63,892
89,407
144,686
290,037
685,362
2,981,946
164,217
Average
Federal Tax
Burden
(Dollars)
114
165
243
1,355
3,124
6,395
12,363
26,354
66,805
192,911
1,023,566
36,401
Average After-Tax
Income 3 (Dollars)
4,876
15,804
25,376
34,412
42,803
57,497
77,045
118,332
223,232
492,451
1,958,379
127,815
Average
Federal Tax
Rate 4
2.3
1.0
1.0
3.8
6.8
10.0
13.8
18.2
23.0
28.2
34.3
22.2
Share of PreTax Income
Share of PostTax Income
Share of
Federal Taxes
Percent of
Total
Percent of
Total
Percent of
Total
*
0.3
0.8
1.1
1.4
5.3
7.4
29.7
27.4
8.3
18.5
100.0
0.1
0.4
1.0
1.4
1.7
6.1
8.2
31.2
27.1
7.7
15.6
100.0
*
*
*
0.2
0.4
2.4
4.6
24.4
28.5
10.6
28.6
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-1).
Number of AMT Taxpayers (millions). Baseline: 4.3
* Less than 0.05
(1) Calendar year. Baseline is current law. For a description of current law, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but
are included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
23-Jun-15
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T15-0035
Baseline Distribution of Income and Federal Taxes
Tax Units with Children
by Expanded Cash Income Level, 2016 ¹
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
1,246
4,675
5,672
4,492
3,628
7,050
5,198
11,657
5,301
712
357
50,272
Percent of
Total
2.5
9.3
11.3
8.9
7.2
14.0
10.3
23.2
10.5
1.4
0.7
100.0
Average Income
(Dollars)
6,635
15,763
25,471
35,564
45,644
63,024
89,122
144,292
293,122
683,288
2,994,529
123,886
Average
Federal Tax
Burden
(Dollars)
-782
-1,818
-1,218
705
2,881
6,717
12,820
26,147
67,624
193,863
1,031,349
25,527
Average After-Tax
Income 3 (Dollars)
7,417
17,580
26,689
34,858
42,763
56,307
76,302
118,145
225,499
489,426
1,963,181
98,359
Average
Federal Tax
Rate 4
-11.8
-11.5
-4.8
2.0
6.3
10.7
14.4
18.1
23.1
28.4
34.4
20.6
Share of PreTax Income
Share of PostTax Income
Share of
Federal Taxes
Percent of
Total
Percent of
Total
Percent of
Total
0.1
1.2
2.3
2.6
2.7
7.1
7.4
27.0
25.0
7.8
17.2
100.0
0.2
1.7
3.1
3.2
3.1
8.0
8.0
27.9
24.2
7.0
14.2
100.0
-0.1
-0.7
-0.5
0.3
0.8
3.7
5.2
23.8
27.9
10.8
28.7
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-1).
Number of AMT Taxpayers (millions). Baseline: 4.3
(1) Calendar year. Baseline is current law. For a description of current law, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but
are included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
23-Jun-15
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T15-0035
Baseline Distribution of Income and Federal Taxes
Head of Household Tax Units
by Expanded Cash Income Level, 2016 ¹
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
944
3,778
4,451
3,522
2,630
4,350
2,175
1,950
258
24
14
24,145
Percent of
Total
3.9
15.7
18.4
14.6
10.9
18.0
9.0
8.1
1.1
0.1
0.1
100.0
Average Income
(Dollars)
6,963
15,795
25,430
35,527
45,596
62,486
87,734
132,812
274,070
693,999
3,840,137
53,332
Average
Federal Tax
Burden
(Dollars)
-711
-1,677
-986
1,194
3,301
7,017
13,431
25,725
66,325
206,307
1,333,715
6,313
Average After-Tax
Income 3 (Dollars)
7,674
17,473
26,416
34,333
42,295
55,469
74,303
107,087
207,744
487,692
2,506,422
47,020
Average
Federal Tax
Rate 4
-10.2
-10.6
-3.9
3.4
7.2
11.2
15.3
19.4
24.2
29.7
34.7
11.8
Share of PreTax Income
Share of PostTax Income
Share of
Federal Taxes
Percent of
Total
Percent of
Total
Percent of
Total
0.5
4.6
8.8
9.7
9.3
21.1
14.8
20.1
5.5
1.3
4.2
100.0
0.6
5.8
10.4
10.7
9.8
21.3
14.2
18.4
4.7
1.0
3.1
100.0
-0.4
-4.2
-2.9
2.8
5.7
20.0
19.2
32.9
11.2
3.2
12.4
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-1).
Number of AMT Taxpayers (millions). Baseline: 4.3
(1) Calendar year. Baseline is current law. For a description of current law, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but
are included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
23-Jun-15
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T15-0035
Baseline Distribution of Income and Federal Taxes
Elderly Tax Units
by Expanded Cash Income Level, 2016 ¹
Expanded Cash Income
Level (thousands of 2015
dollars) 2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Tax Units
Number
(thousands)
1,889
7,909
6,516
4,256
3,361
5,868
3,871
5,135
1,539
220
159
41,164
Percent of
Total
4.6
19.2
15.8
10.3
8.2
14.3
9.4
12.5
3.7
0.5
0.4
100.0
Average Income
(Dollars)
5,514
15,610
25,150
35,561
45,754
62,781
88,361
138,547
285,155
710,712
3,339,288
76,347
Average
Federal Tax
Burden
(Dollars)
131
265
721
1,580
2,786
5,408
10,948
23,508
66,530
206,407
1,195,134
13,565
Average After-Tax
Income 3 (Dollars)
5,383
15,344
24,429
33,981
42,968
57,373
77,413
115,039
218,626
504,305
2,144,154
62,782
Average
Federal Tax
Rate 4
2.4
1.7
2.9
4.4
6.1
8.6
12.4
17.0
23.3
29.0
35.8
17.8
Share of PreTax Income
Share of PostTax Income
Share of
Federal Taxes
Percent of
Total
Percent of
Total
Percent of
Total
0.3
3.9
5.2
4.8
4.9
11.7
10.9
22.6
14.0
5.0
16.9
100.0
0.4
4.7
6.2
5.6
5.6
13.0
11.6
22.9
13.0
4.3
13.2
100.0
*
0.4
0.8
1.2
1.7
5.7
7.6
21.6
18.3
8.1
34.0
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-1).
Number of AMT Taxpayers (millions). Baseline: 4.3
* Less than 0.05
(1) Calendar year. Baseline is current law. For a description of current law, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but
are included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(4) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.