12‐Dec‐11
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 T11‐0402
The Gingrich Tax Plan: All Taxpayers Adopt Flat Tax
Baseline: Current Law
1
Distribution of Federal Tax Change by Cash Income Level, 2015 Summary Table
Cash Income Level (thousands of 2011 2
dollars) 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 with Tax Increase or Cut 3
With Tax Cut
Pct of Tax Units
25.0
50.6
78.3
88.3
92.1
95.6
98.4
99.0
99.4
99.6
99.9
78.1
Avg Tax Cut
‐383
‐671
‐1,144
‐1,582
‐1,940
‐3,279
‐5,465
‐10,474
‐31,197
‐101,562
‐757,385
‐9,682
With Tax Increase
Avg Tax Increase
Pct of Tax Units
0.5
4.1
4.6
5.6
4.7
3.3
1.2
0.9
0.5
0.4
0.1
2.9
43
315
684
728
772
857
1,470
3,020
7,574
5,232
3,787
823
Percent Change in After‐Tax Income 4
1.7
2.1
3.6
4.2
4.4
5.8
7.3
9.4
13.7
19.3
37.8
12.1
Share of Total Federal Tax Change
0.1
0.7
1.4
1.8
1.9
5.9
6.3
19.5
17.0
9.3
35.9
100.0
Average Federal Tax Change ($)
‐95
‐327
‐865
‐1,354
‐1,746
‐3,067
‐5,311
‐10,229
‐30,269
‐98,575
‐747,731
‐7,432
Average Federal Tax Rate 5
Change (% Points)
‐1.6
‐2.1
‐3.3
‐3.6
‐3.7
‐4.7
‐5.7
‐7.0
‐9.9
‐13.6
‐24.2
‐9.2
Under the Proposal
3.3
1.7
6.3
10.2
13.0
14.6
16.0
18.0
17.8
16.1
11.7
14.8
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐2).
Number of AMT Taxpayers (millions). Baseline: 27.0 Proposal: 0.0
* Less than 0.05
** Insufficient data
(1) Calendar year. Baseline is current law. Proposal implements the Gingrich tax plan, assuming that all taxpayers adopt the 15 percent flat tax. For a detailed description of TPC's interpretation of the plan, see http://taxpolicycenter.org/taxtopics/Gingrich‐plan.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270
(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) Includes both filing and non‐filing units but excludes those that are dependents of other tax units.
(4) 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.
(5) 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. 12‐Dec‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0402
The Gingrich Tax Plan: All Taxpayers Adopt Flat Tax
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2015 1
Detail Table
Cash Income Level (thousands of 2011 2
dollars) 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
Percent of Tax Units 3
With Tax Cut
With Tax Increase
25.0
50.6
78.3
88.3
92.1
95.6
98.4
99.0
99.4
99.6
99.9
78.1
0.5
4.1
4.6
5.6
4.7
3.3
1.2
0.9
0.5
0.4
0.1
2.9
Percent Change in After‐Tax 4
Income Share of Total Federal Tax Change
1.7
2.1
3.6
4.2
4.4
5.8
7.3
9.4
13.7
19.3
37.8
12.1
0.1
0.7
1.4
1.8
1.9
5.9
6.3
19.5
17.0
9.3
35.9
100.0
Average Federal Tax Change
Dollars
Percent
‐95
‐327
‐865
‐1,354
‐1,746
‐3,067
‐5,311
‐10,229
‐30,269
‐98,575
‐747,731
‐7,432
‐32.7
‐54.2
‐34.0
‐26.3
‐22.0
‐24.3
‐26.3
‐28.1
‐35.8
‐45.7
‐67.5
‐38.5
Share of Federal Taxes
Change (% Points)
0.0
‐0.1
0.1
0.5
0.9
2.1
1.8
4.5
0.8
‐0.9
‐9.7
0.0
Under the Proposal
0.2
0.4
1.7
3.1
4.2
11.4
11.0
31.1
19.1
6.9
10.8
100.0
5
Average Federal Tax Rate
Change (% Points)
Under the Proposal
‐1.6
‐2.1
‐3.3
‐3.6
‐3.7
‐4.7
‐5.7
‐7.0
‐9.9
‐13.6
‐24.2
‐9.2
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2015 1
Cash Income Level (thousands of 2011 2
dollars) 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 3
Number (thousands)
18,828
26,753
20,164
16,562
13,738
24,031
14,893
23,887
7,059
1,187
603
168,946
Pre‐Tax Income
Percent of Total
11.1
15.8
11.9
9.8
8.1
14.2
8.8
14.1
4.2
0.7
0.4
100.0
Average (dollars)
5,900
15,859
26,538
37,305
47,821
65,604
92,846
145,539
305,065
726,148
3,088,329
80,584
Federal Tax Burden
Percent of Total
0.8
3.1
3.9
4.5
4.8
11.6
10.2
25.5
15.8
6.3
13.7
100.0
Average (dollars)
292
604
2,546
5,147
7,950
12,625
20,165
36,351
84,553
215,715
1,107,772
19,325
Percent of Total
0.2
0.5
1.6
2.6
3.4
9.3
9.2
26.6
18.3
7.9
20.5
100.0
4
After‐Tax Income Average (dollars)
5,608
15,256
23,992
32,158
39,872
52,980
72,681
109,188
220,512
510,433
1,980,557
61,258
Percent of Total
1.0
3.9
4.7
5.2
5.3
12.3
10.5
25.2
15.0
5.9
11.5
100.0
Average Federal Tax 5
Rate 5.0
3.8
9.6
13.8
16.6
19.2
21.7
25.0
27.7
29.7
35.9
24.0
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐2).
Number of AMT Taxpayers (millions). Baseline: 27.0 Proposal: 0.0
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal implements the Gingrich tax plan, assuming that all taxpayers adopt the 15 percent flat tax. For a detailed description of TPC's interpretation of the plan, see http://taxpolicycenter.org/taxtopics/Gingrich‐plan.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270
(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) Includes both filing and non‐filing units but excludes those that are dependents of other tax units.
(4) 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.
(5) 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. 3.3
1.7
6.3
10.2
13.0
14.6
16.0
18.0
17.8
16.1
11.7
14.8
12‐Dec‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0402
The Gingrich Tax Plan: All Taxpayers Adopt Flat Tax
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2015 1
Detail Table ‐ Single Tax Units
Cash Income Level (thousands of 2011 2
dollars) 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
Percent of Tax Units 3
With Tax Cut
With Tax Increase
18.0
45.5
74.3
87.4
91.0
93.7
97.3
96.7
97.9
99.3
99.9
64.7
0.6
4.9
5.7
7.4
7.7
5.5
1.9
2.9
2.1
0.7
0.1
4.5
Percent Change in After‐Tax 4
Income Share of Total Federal Tax Change
0.8
1.1
2.4
3.3
3.3
6.0
9.2
11.2
21.3
29.8
48.3
9.8
0.2
1.2
2.6
3.4
3.0
10.5
9.3
17.8
15.8
8.7
27.3
100.0
Average Federal Tax Change
Dollars
Percent
‐45
‐167
‐558
‐1,021
‐1,278
‐2,995
‐6,244
‐11,588
‐46,392
‐142,586
‐883,261
‐3,339
‐10.5
‐16.4
‐17.5
‐17.4
‐13.9
‐20.1
‐26.4
‐29.7
‐49.3
‐60.2
‐73.2
‐33.7
Share of Federal Taxes
Change (% Points)
0.3
0.6
1.2
1.6
2.2
3.6
1.3
1.2
‐2.5
‐1.9
‐7.5
0.0
Under the Proposal
1.1
3.0
6.1
8.2
9.6
21.1
13.2
21.4
8.3
2.9
5.1
100.0
5
Average Federal Tax Rate
Change (% Points)
Under the Proposal
‐0.8
‐1.1
‐2.1
‐2.7
‐2.7
‐4.6
‐6.8
‐8.2
‐14.9
‐19.9
‐29.1
‐7.6
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2015 1
Cash Income Level (thousands of 2011 2
dollars) 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 3
Number (thousands)
14,874
18,897
12,463
9,026
6,458
9,524
4,046
4,174
926
165
84
81,336
Pre‐Tax Income
Percent of Total
18.3
23.2
15.3
11.1
7.9
11.7
5.0
5.1
1.1
0.2
0.1
100.0
Average (dollars)
5,819
15,738
26,424
37,254
47,583
65,053
91,748
142,151
311,980
715,451
3,035,414
44,116
Federal Tax Burden
Percent of Total
2.4
8.3
9.2
9.4
8.6
17.3
10.4
16.5
8.1
3.3
7.1
100.0
Average (dollars)
425
1,014
3,189
5,859
9,230
14,866
23,619
38,989
94,192
236,787
1,206,782
9,914
Percent of Total
0.8
2.4
4.9
6.6
7.4
17.6
11.9
20.2
10.8
4.9
12.6
100.0
4
After‐Tax Income Average (dollars)
5,394
14,724
23,235
31,395
38,352
50,186
68,129
103,162
217,787
478,664
1,828,632
34,202
Percent of Total
2.9
10.0
10.4
10.2
8.9
17.2
9.9
15.5
7.3
2.8
5.5
100.0
Average Federal Tax 5
Rate 7.3
6.4
12.1
15.7
19.4
22.9
25.7
27.4
30.2
33.1
39.8
22.5
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐2).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal implements the Gingrich tax plan, assuming that all taxpayers adopt the 15 percent flat tax. For a detailed description of TPC's interpretation of the plan, see http://taxpolicycenter.org/taxtopics/Gingrich‐plan.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270
(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) Includes both filing and non‐filing units but excludes those that are dependents of other tax units.
(4) 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.
(5) 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. 6.5
5.4
10.0
13.0
16.7
18.3
18.9
19.3
15.3
13.2
10.7
14.9
12‐Dec‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0402
The Gingrich Tax Plan: All Taxpayers Adopt Flat Tax
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2015 1
Detail Table ‐ Married Tax Units Filing Jointly
Cash Income Level (thousands of 2011 2
dollars) 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
Percent of Tax Units 3
With Tax Cut
With Tax Increase
42.4
58.9
75.6
84.6
90.7
96.5
98.8
99.5
99.7
99.7
100.0
93.4
0.0
3.2
3.7
2.9
1.8
1.9
0.9
0.4
0.2
0.3
*
1.2
Percent Change in After‐Tax 4
Income Share of Total Federal Tax Change
5.5
4.4
5.7
5.2
4.8
5.4
6.5
9.0
12.5
17.7
35.9
13.7
0.0
0.2
0.5
0.6
1.0
3.4
5.0
20.8
18.4
10.1
39.8
100.0
Average Federal Tax Change
Dollars
Percent
‐273
‐709
‐1,418
‐1,755
‐2,027
‐2,998
‐4,877
‐9,989
‐27,656
‐91,142
‐710,700
‐15,008
‐136.1
‐303.3
‐82.3
‐47.0
‐35.2
‐29.4
‐26.6
‐27.9
‐33.3
‐42.9
‐66.2
‐40.2
Share of Federal Taxes
Change (% Points)
0.0
‐0.1
‐0.2
‐0.1
0.1
0.9
1.7
6.1
2.6
‐0.4
‐10.5
0.0
Under the Proposal
0.0
‐0.1
0.1
0.5
1.2
5.6
9.2
36.0
24.8
9.1
13.7
100.0
5
Average Federal Tax Rate
Change (% Points)
Under the Proposal
‐5.3
‐4.3
‐5.3
‐4.7
‐4.2
‐4.5
‐5.2
‐6.8
‐9.1
‐12.5
‐23.3
‐10.2
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2015 1
Cash Income Level (thousands of 2011 2
dollars) 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 3
Number (thousands)
1,193
2,308
2,817
3,184
4,125
10,125
8,981
18,369
5,889
983
495
58,870
Pre‐Tax Income
Percent of Total
2.0
3.9
4.8
5.4
7.0
17.2
15.3
31.2
10.0
1.7
0.8
100.0
Average (dollars)
5,175
16,515
26,670
37,640
48,277
66,252
93,522
146,871
304,115
728,319
3,052,733
146,762
Federal Tax Burden
Percent of Total
0.1
0.4
0.9
1.4
2.3
7.8
9.7
31.2
20.7
8.3
17.5
100.0
Average (dollars)
201
234
1,723
3,734
5,761
10,210
18,340
35,776
83,102
212,278
1,073,550
37,356
Percent of Total
0.0
0.0
0.2
0.5
1.1
4.7
7.5
29.9
22.3
9.5
24.2
100.0
4
After‐Tax Income Average (dollars)
4,975
16,281
24,946
33,906
42,516
56,042
75,181
111,095
221,014
516,041
1,979,184
109,406
Percent of Total
0.1
0.6
1.1
1.7
2.7
8.8
10.5
31.7
20.2
7.9
15.2
100.0
Average Federal Tax 5
Rate 3.9
1.4
6.5
9.9
11.9
15.4
19.6
24.4
27.3
29.2
35.2
25.5
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐2).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal implements the Gingrich tax plan, assuming that all taxpayers adopt the 15 percent flat tax. For a detailed description of TPC's interpretation of the plan, see http://taxpolicycenter.org/taxtopics/Gingrich‐plan.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270
(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) Includes both filing and non‐filing units but excludes those that are dependents of other tax units.
(4) 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.
(5) 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. ‐1.4
‐2.9
1.1
5.3
7.7
10.9
14.4
17.6
18.2
16.6
11.9
15.2
12‐Dec‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0402
The Gingrich Tax Plan: All Taxpayers Adopt Flat Tax
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2015 1
Detail Table ‐ Head of Household Tax Units
Cash Income Level (thousands of 2011 2
dollars) 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
Percent of Tax Units 3
With Tax Cut
With Tax Increase
56.7
63.7
89.4
92.8
96.4
97.5
98.2
99.4
98.2
100.0
100.0
84.3
*
1.6
2.3
4.0
2.1
1.8
1.1
0.3
1.8
0.0
0.0
1.9
Percent Change in After‐Tax 4
Income Share of Total Federal Tax Change
4.2
4.3
5.3
5.5
6.0
6.3
7.5
9.0
12.7
16.9
38.5
7.5
1.1
5.3
8.5
9.8
9.0
17.6
11.5
14.4
7.1
3.2
12.5
100.0
Average Federal Tax Change
Dollars
Percent
‐303
‐723
‐1,349
‐1,783
‐2,378
‐3,300
‐5,320
‐9,142
‐27,763
‐85,043
‐719,584
‐2,778
69.2
90.7
‐117.9
‐40.1
‐30.3
‐25.4
‐25.3
‐25.9
‐34.8
‐41.8
‐67.1
‐36.9
Share of Federal Taxes
Change (% Points)
‐1.0
‐4.3
‐3.4
‐0.5
1.1
4.7
3.1
3.6
0.3
‐0.2
‐3.3
0.0
Under the Proposal
‐1.6
‐6.5
‐0.8
8.6
12.1
30.2
19.9
24.1
7.8
2.6
3.6
100.0
5
Average Federal Tax Rate
Change (% Points)
Under the Proposal
‐4.5
‐4.5
‐5.0
‐4.8
‐5.0
‐5.1
‐5.8
‐6.7
‐9.3
‐12.0
‐24.5
‐6.2
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2015 1
Cash Income Level (thousands of 2011 2
dollars) 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 3
Number (thousands)
2,630
5,290
4,577
3,986
2,750
3,859
1,567
1,144
185
27
13
26,121
Pre‐Tax Income
Percent of Total
10.1
20.3
17.5
15.3
10.5
14.8
6.0
4.4
0.7
0.1
0.1
100.0
Average (dollars)
6,699
15,982
26,748
37,118
47,741
65,204
91,930
137,276
297,897
706,379
2,940,222
44,620
Federal Tax Burden
Percent of Total
1.5
7.3
10.5
12.7
11.3
21.6
12.4
13.5
4.7
1.6
3.2
100.0
Average (dollars)
‐438
‐798
1,144
4,451
7,850
13,006
21,068
35,299
79,798
203,643
1,072,213
7,531
Percent of Total
‐0.6
‐2.2
2.7
9.0
11.0
25.5
16.8
20.5
7.5
2.8
6.9
100.0
4
After‐Tax Income Average (dollars)
7,137
16,780
25,604
32,667
39,891
52,197
70,862
101,977
218,099
502,736
1,868,009
37,089
Percent of Total
1.9
9.2
12.1
13.4
11.3
20.8
11.5
12.0
4.2
1.4
2.4
100.0
Average Federal Tax 5
Rate ‐6.5
‐5.0
4.3
12.0
16.4
20.0
22.9
25.7
26.8
28.8
36.5
16.9
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐2).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal implements the Gingrich tax plan, assuming that all taxpayers adopt the 15 percent flat tax. For a detailed description of TPC's interpretation of the plan, see http://taxpolicycenter.org/taxtopics/Gingrich‐plan.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270
(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) Includes both filing and non‐filing units but excludes those that are dependents of other tax units.
(4) 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.
(5) 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. ‐11.1
‐9.5
‐0.8
7.2
11.5
14.9
17.1
19.1
17.5
16.8
12.0
10.7
12‐Dec‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0402
The Gingrich Tax Plan: All Taxpayers Adopt Flat Tax
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2015 1
Detail Table ‐ Tax Units with Children
Cash Income Level (thousands of 2011 2
dollars) 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
Percent of Tax Units 3
With Tax Cut
With Tax Increase
54.6
76.8
94.2
96.3
97.7
99.0
99.5
99.5
99.8
99.8
99.8
93.2
0.0
0.3
0.7
2.0
0.9
0.6
0.4
0.4
0.2
0.3
0.2
0.6
Percent Change in After‐Tax 4
Income Share of Total Federal Tax Change
5.0
5.7
6.9
6.8
7.2
7.4
8.3
9.6
12.2
16.5
36.5
12.8
0.2
1.1
1.9
2.2
2.4
6.0
7.0
21.8
17.0
8.2
32.1
100.0
Average Federal Tax Change
Dollars
Percent
‐335
‐1,012
‐1,799
‐2,248
‐2,933
‐3,972
‐6,053
‐10,499
‐26,351
‐83,527
‐707,794
‐9,878
51.7
68.2
‐278.3
‐54.3
‐39.2
‐31.9
‐30.1
‐28.4
‐31.3
‐37.8
‐63.6
‐39.3
Share of Federal Taxes
Change (% Points)
‐0.2
‐1.1
‐1.1
‐0.4
0.0
0.9
1.4
5.4
2.8
0.2
‐7.9
0.0
Under the Proposal
‐0.4
‐1.8
‐0.8
1.2
2.4
8.3
10.5
35.6
24.1
8.8
11.9
100.0
5
Average Federal Tax Rate
Change (% Points)
Under the Proposal
‐5.5
‐6.3
‐6.7
‐6.0
‐6.1
‐6.0
‐6.5
‐7.2
‐8.8
‐11.5
‐23.2
‐9.6
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2015 1
Cash Income Level (thousands of 2011 2
dollars) 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 3
Number (thousands)
3,055
5,354
5,205
4,865
4,063
7,481
5,727
10,299
3,188
488
225
50,185
Pre‐Tax Income
Percent of Total
6.1
10.7
10.4
9.7
8.1
14.9
11.4
20.5
6.4
1.0
0.5
100.0
Average (dollars)
6,104
16,179
26,687
37,231
47,981
66,213
93,379
146,387
301,180
726,899
3,052,860
102,460
Federal Tax Burden
Percent of Total
0.4
1.7
2.7
3.5
3.8
9.6
10.4
29.3
18.7
6.9
13.3
100.0
Average (dollars)
‐647
‐1,484
646
4,139
7,480
12,467
20,123
36,939
84,247
221,065
1,112,293
25,118
Percent of Total
‐0.2
‐0.6
0.3
1.6
2.4
7.4
9.1
30.2
21.3
8.6
19.8
100.0
4
After‐Tax Income Average (dollars)
6,752
17,663
26,040
33,092
40,501
53,745
73,256
109,448
216,933
505,834
1,940,567
77,343
Percent of Total
0.5
2.4
3.5
4.2
4.2
10.4
10.8
29.0
17.8
6.4
11.2
100.0
Average Federal Tax 5
Rate ‐10.6
‐9.2
2.4
11.1
15.6
18.8
21.6
25.2
28.0
30.4
36.4
24.5
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐2).
* 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 implements the Gingrich tax plan, assuming that all taxpayers adopt the 15 percent flat tax. For a detailed description of TPC's interpretation of the plan, see http://taxpolicycenter.org/taxtopics/Gingrich‐plan.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270
(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) Includes both filing and non‐filing units but excludes those that are dependents of other tax units.
(4) 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.
(5) 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. ‐16.1
‐15.4
‐4.3
5.1
9.5
12.8
15.1
18.1
19.2
18.9
13.3
14.9
12‐Dec‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0402
The Gingrich Tax Plan: All Taxpayers Adopt Flat Tax
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2015 1
Detail Table ‐ Elderly Tax Units
Cash Income Level (thousands of 2011 2
dollars) 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
Percent of Tax Units 3
With Tax Cut
With Tax Increase
18.9
25.3
58.6
83.2
89.1
95.6
97.8
98.2
98.8
99.7
100.0
67.7
0.0
0.1
0.5
1.7
1.5
2.4
1.7
1.6
1.2
0.3
*
1.1
Percent Change in After‐Tax 4
Income Share of Total Federal Tax Change
0.5
0.5
1.5
3.2
3.6
6.1
8.4
12.9
21.0
28.1
44.0
15.1
0.0
0.2
0.5
1.2
1.2
5.4
5.6
17.6
19.5
11.6
37.1
100.0
Average Federal Tax Change
Dollars
Percent
‐30
‐73
‐374
‐1,140
‐1,581
‐3,522
‐6,511
‐14,764
‐48,286
‐143,282
‐859,102
‐9,420
‐46.8
‐51.9
‐50.3
‐52.1
‐44.2
‐45.8
‐43.8
‐48.0
‐57.0
‐65.3
‐74.8
‐59.0
Share of Federal Taxes
Change (% Points)
0.0
0.0
0.1
0.2
0.6
2.3
2.8
5.8
1.0
‐1.6
‐11.2
0.0
Under the Proposal
0.0
0.2
0.8
1.6
2.2
9.2
10.4
27.4
21.2
8.9
18.0
100.0
5
Average Federal Tax Rate
Change (% Points)
Under the Proposal
‐0.4
‐0.5
‐1.4
‐3.1
‐3.3
‐5.4
‐7.0
‐10.2
‐15.3
‐19.6
‐27.7
‐12.0
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2015 1
Cash Income Level (thousands of 2011 2
dollars) 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 3
Number (thousands)
2,834
8,975
5,212
3,903
2,851
5,623
3,151
4,366
1,477
296
158
38,882
Pre‐Tax Income
Percent of Total
7.3
23.1
13.4
10.0
7.3
14.5
8.1
11.2
3.8
0.8
0.4
100.0
Average (dollars)
6,863
15,942
26,318
37,346
47,663
65,129
92,429
145,274
315,054
730,232
3,102,318
78,233
Federal Tax Burden
Percent of Total
0.6
4.7
4.5
4.8
4.5
12.0
9.6
20.9
15.3
7.1
16.1
100.0
Average (dollars)
65
140
743
2,188
3,578
7,696
14,878
30,751
84,723
219,482
1,149,373
15,963
Percent of Total
0.0
0.2
0.6
1.4
1.6
7.0
7.6
21.6
20.2
10.5
29.3
100.0
4
After‐Tax Income Average (dollars)
6,798
15,802
25,575
35,158
44,085
57,434
77,551
114,523
230,331
510,750
1,952,945
62,270
Percent of Total
0.8
5.9
5.5
5.7
5.2
13.3
10.1
20.7
14.1
6.2
12.8
100.0
Average Federal Tax 5
Rate 1.0
0.9
2.8
5.9
7.5
11.8
16.1
21.2
26.9
30.1
37.1
20.4
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐2).
* 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 implements the Gingrich tax plan, assuming that all taxpayers adopt the 15 percent flat tax. For a detailed description of TPC's interpretation of the plan, see http://taxpolicycenter.org/taxtopics/Gingrich‐plan.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270
(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) Includes both filing and non‐filing units but excludes those that are dependents of other tax units.
(4) 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.
(5) 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. 0.5
0.4
1.4
2.8
4.2
6.4
9.1
11.0
11.6
10.4
9.4
8.4