2-Jul-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
Table T08-0148
Individual Income and Estate Tax Provisions in the 2001-08 Tax Cuts
1
Distribution of Federal Tax Change by Cash Income Level, 2009
Summary Table
Cash Income Level
(thousands of 2008
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
Percent of Tax Units
With Tax Cut
2.0
44.3
79.0
89.6
93.2
96.7
96.4
94.8
91.4
98.6
99.4
73.4
3
With Tax
Increase
0.5
0.5
0.5
0.2
0.1
0.1
0.2
0.1
0.1
0.0
0.0
0.3
Percent
Change in
After-Tax
Income 4
0.1
1.0
2.5
2.7
2.4
2.5
2.5
2.5
2.1
4.5
6.4
3.0
Share of Total
Federal Tax
Change
0.0
1.3
4.3
4.5
4.2
10.8
9.7
19.6
9.8
8.5
27.3
100.0
Average
Federal Tax
Change ($)
-5
-138
-561
-805
-916
-1,278
-1,753
-2,553
-4,445
-21,895
-134,785
-1,706
Average Federal Tax Rate 5
Change (%
Points)
-0.1
-0.9
-2.2
-2.3
-2.0
-2.0
-2.0
-1.9
-1.5
-3.2
-4.2
-2.3
Under the
Proposal
5.0
4.7
9.4
13.4
16.0
18.1
19.8
22.9
26.1
26.9
30.4
21.8
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
15.8
Proposal:
30.0
(1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004,
TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(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.
2-Jul-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0148
Individual Income and Estate Tax Provisions in 2001-08 Tax Cuts
1
Distribution of Federal Tax Change by Cash Income Level, 2009
Detail Table
Cash Income Level
(thousands of 2008
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
2.0
44.3
79.0
89.6
93.2
96.7
96.4
94.8
91.4
98.6
99.4
73.4
0.5
0.5
0.5
0.2
0.1
0.1
0.2
0.1
0.1
0.0
0.0
0.3
Percent
Change in
After-Tax
4
Income
0.1
1.0
2.5
2.7
2.4
2.5
2.5
2.5
2.1
4.5
6.4
3.0
Share of Total
Federal Tax
Change
0.0
1.3
4.3
4.5
4.2
10.8
9.7
19.6
9.8
8.5
27.3
100.0
Average Federal Tax Change
Dollars
-5
-138
-561
-805
-916
-1,278
-1,753
-2,553
-4,445
-21,895
-134,785
-1,706
Percent
-1.8
-16.4
-19.1
-14.5
-11.1
-10.1
-9.1
-7.5
-5.5
-10.5
-12.2
-9.4
Share of Federal Taxes
Change (%
Points)
0.0
-0.1
-0.2
-0.2
-0.1
-0.1
0.0
0.5
0.7
-0.1
-0.6
0.0
Under the
Proposal
0.2
0.7
1.9
2.8
3.5
10.0
10.1
25.3
17.4
7.5
20.5
100.0
5
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
-0.1
-0.9
-2.2
-2.3
-2.0
-2.0
-2.0
-1.9
-1.5
-3.2
-4.2
-2.3
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2009
Cash Income Level
(thousands of 2008
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)
17,204
24,101
19,493
14,384
11,749
21,662
14,107
19,712
5,636
989
519
150,241
Percent of
Total
11.5
16.0
13.0
9.6
7.8
14.4
9.4
13.1
3.8
0.7
0.4
100.0
Average
Income
(Dollars)
5,704
15,181
25,314
35,555
45,838
63,039
88,790
138,154
291,886
695,069
3,199,967
75,289
Average
Federal Tax
Burden
(Dollars)
290
844
2,939
5,562
8,249
12,669
19,371
34,222
80,709
208,839
1,106,720
18,110
Average After4
Tax Income
(Dollars)
5,414
14,337
22,376
29,993
37,588
50,370
69,419
103,931
211,177
486,229
2,093,246
57,178
Average
Federal Tax
5
Rate
5.1
5.6
11.6
15.6
18.0
20.1
21.8
24.8
27.7
30.1
34.6
24.1
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.9
3.2
4.4
4.5
4.8
12.1
11.1
24.1
14.5
6.1
14.7
100.0
1.1
4.0
5.1
5.0
5.1
12.7
11.4
23.9
13.9
5.6
12.7
100.0
0.2
0.8
2.1
2.9
3.6
10.1
10.0
24.8
16.7
7.6
21.1
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
15.8
Proposal:
30.0
1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004, TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(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.
5.0
4.7
9.4
13.4
16.0
18.1
19.8
22.9
26.1
26.9
30.4
21.8
2-Jul-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0148
Individual Income and Estate Tax Provisions in 2001-08 Tax Cuts
1
Distribution of Federal Tax Change by Cash Income Level, 2009
Detail Table - Single Tax Units
Cash Income Level
(thousands of 2008
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
1.7
48.1
78.9
94.1
97.7
97.3
96.2
94.6
95.2
96.8
99.1
63.7
0.3
0.4
0.3
0.1
0.0
0.1
0.2
0.0
0.1
0.0
0.1
0.2
Percent
Change in
After-Tax
4
Income
0.0
0.9
1.8
1.7
1.6
2.4
3.1
3.8
5.2
6.6
7.0
2.9
Share of Total
Federal Tax
Change
0.0
3.1
6.2
5.2
5.3
15.7
11.0
18.4
12.9
6.6
15.5
100.0
Average Federal Tax Change
Dollars
-2
-126
-377
-477
-585
-1,158
-2,020
-3,737
-10,640
-30,537
-135,308
-925
Percent
-0.5
-9.2
-9.4
-6.9
-6.1
-7.9
-8.8
-10.1
-11.9
-13.4
-11.2
-9.3
Share of Federal Taxes
Change (%
Points)
0.1
0.0
0.0
0.2
0.3
0.3
0.1
-0.2
-0.3
-0.2
-0.3
0.0
Under the
Proposal
0.9
3.2
6.2
7.2
8.3
18.9
11.7
16.7
9.8
4.4
12.6
100.0
5
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
0.0
-0.8
-1.5
-1.3
-1.3
-1.9
-2.3
-2.8
-3.6
-4.4
-4.3
-2.2
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2009
Cash Income Level
(thousands of 2008
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)
Percent of
Total
12,556
14,909
9,879
6,530
5,421
8,162
3,264
2,958
730
130
69
64,958
19.3
23.0
15.2
10.1
8.4
12.6
5.0
4.6
1.1
0.2
0.1
100.0
Average
Income
(Dollars)
5,704
15,017
25,243
35,566
45,797
62,150
87,974
134,418
295,280
694,203
3,156,727
42,053
Average
Federal Tax
Burden
(Dollars)
433
1,376
4,023
6,959
9,574
14,740
22,960
36,876
89,132
227,753
1,212,016
9,947
Average After4
Tax Income
(Dollars)
5,272
13,641
21,220
28,607
36,222
47,409
65,014
97,542
206,148
466,450
1,944,710
32,106
Average
Federal Tax
5
Rate
7.6
9.2
15.9
19.6
20.9
23.7
26.1
27.4
30.2
32.8
38.4
23.7
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.6
8.2
9.1
8.5
9.1
18.6
10.5
14.6
7.9
3.3
7.9
100.0
3.2
9.8
10.1
9.0
9.4
18.6
10.2
13.8
7.2
2.9
6.4
100.0
0.8
3.2
6.2
7.0
8.0
18.6
11.6
16.9
10.1
4.6
12.9
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
15.8
Proposal:
30.0
1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004, TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(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.
7.6
8.3
14.4
18.2
19.6
21.9
23.8
24.7
26.6
28.4
34.1
21.5
2-Jul-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0148
Individual Income and Estate Tax Provisions in 2001-08 Tax Cuts
1
Distribution of Federal Tax Change by Cash Income Level, 2009
Detail Table - Married Tax Units Filing Jointly
Cash Income Level
(thousands of 2008
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
4.1
32.9
68.6
76.6
84.5
97.1
97.4
96.0
91.0
99.0
99.5
84.1
2.3
0.8
0.7
0.3
0.4
0.1
0.2
0.1
0.1
0.0
0.0
0.3
Percent
Change in
After-Tax
4
Income
0.5
0.9
3.0
3.5
3.3
2.7
2.5
2.3
1.6
4.2
6.4
3.1
Share of Total
Federal Tax
Change
0.0
0.3
1.9
2.5
2.7
8.2
9.5
22.2
9.6
9.9
33.0
100.0
Average Federal Tax Change
Dollars
-23
-139
-703
-1,099
-1,284
-1,455
-1,758
-2,420
-3,481
-20,579
-132,506
-2,896
Percent
-8.2
-23.3
-35.7
-27.5
-19.7
-13.3
-9.8
-7.2
-4.4
-10.0
-12.4
-9.2
Share of Federal Taxes
Change (%
Points)
0.0
0.0
-0.2
-0.2
-0.2
-0.3
-0.1
0.7
1.1
-0.1
-0.9
0.0
Under the
Proposal
0.0
0.1
0.4
0.7
1.1
5.4
8.9
29.3
21.2
9.0
23.8
100.0
5
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
-0.5
-0.9
-2.8
-3.1
-2.8
-2.3
-2.0
-1.7
-1.2
-3.0
-4.2
-2.3
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2009
Cash Income Level
(thousands of 2008
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)
Percent of
Total
2,093
3,937
4,757
3,946
3,659
9,688
9,341
15,817
4,725
827
430
59,479
3.5
6.6
8.0
6.6
6.2
16.3
15.7
26.6
7.9
1.4
0.7
100.0
Average
Income
(Dollars)
4,904
15,709
25,357
35,641
45,966
64,204
89,292
139,272
291,151
695,396
3,148,057
125,155
Average
Federal Tax
Burden
(Dollars)
274
596
1,968
3,996
6,524
10,970
17,982
33,775
79,397
205,822
1,070,025
31,398
Average After4
Tax Income
(Dollars)
4,630
15,113
23,389
31,645
39,443
53,234
71,309
105,497
211,754
489,574
2,078,031
93,757
Average
Federal Tax
5
Rate
5.6
3.8
7.8
11.2
14.2
17.1
20.1
24.3
27.3
29.6
34.0
25.1
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.1
0.8
1.6
1.9
2.3
8.4
11.2
29.6
18.5
7.7
18.2
100.0
0.2
1.1
2.0
2.2
2.6
9.3
11.9
29.9
17.9
7.3
16.0
100.0
0.0
0.1
0.5
0.8
1.3
5.7
9.0
28.6
20.1
9.1
24.6
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
15.8
Proposal:
30.0
1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004, TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(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.
5.1
2.9
5.0
8.1
11.4
14.8
18.2
22.5
26.1
26.6
29.8
22.8
2-Jul-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0148
Individual Income and Estate Tax Provisions in 2001-08 Tax Cuts
1
Distribution of Federal Tax Change by Cash Income Level, 2009
Detail Table - Head of Household Tax Units
Cash Income Level
(thousands of 2008
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
0.7
39.6
88.8
95.2
96.6
95.2
92.4
75.6
83.3
97.2
99.7
71.4
0.2
0.3
0.8
0.3
0.1
0.3
0.2
0.0
0.0
0.0
0.0
0.4
Percent
Change in
After-Tax
4
Income
0.1
1.0
3.4
3.6
3.0
2.2
1.7
1.1
1.9
4.2
6.3
2.4
Share of Total
Federal Tax
Change
0.1
4.3
19.0
20.3
13.6
18.5
7.6
4.3
2.8
2.1
7.2
100.0
Average Federal Tax Change
Dollars
-6
-165
-812
-1,100
-1,132
-1,084
-1,172
-1,043
-4,068
-19,937
-125,745
-826
Percent
1.2
25.2
-56.9
-24.2
-14.9
-8.9
-5.9
-3.2
-5.2
-9.8
-11.9
-12.6
Share of Federal Taxes
Change (%
Points)
-0.1
-0.9
-2.1
-1.4
-0.3
1.1
1.2
1.8
0.6
0.1
0.1
0.0
Under the
Proposal
-0.8
-3.1
2.1
9.2
11.3
27.3
17.5
18.6
7.4
2.8
7.7
100.0
5
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
-0.1
-1.1
-3.2
-3.1
-2.5
-1.8
-1.3
-0.8
-1.4
-2.9
-4.1
-2.1
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2009
Cash Income Level
(thousands of 2008
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)
Percent of
Total
2,406
4,961
4,512
3,554
2,315
3,290
1,254
786
132
21
11
23,292
10.3
21.3
19.4
15.3
9.9
14.1
5.4
3.4
0.6
0.1
0.1
100.0
Average
Income
(Dollars)
6,412
15,257
25,403
35,401
45,811
61,934
87,576
130,519
298,070
683,864
3,070,023
40,351
Average
Federal Tax
Burden
(Dollars)
-457
-657
1,427
4,545
7,625
12,159
19,815
32,590
78,880
203,151
1,059,609
6,561
Average After4
Tax Income
(Dollars)
6,869
15,914
23,977
30,856
38,186
49,775
67,761
97,929
219,190
480,714
2,010,414
33,790
Average
Federal Tax
5
Rate
-7.1
-4.3
5.6
12.8
16.6
19.6
22.6
25.0
26.5
29.7
34.5
16.3
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
1.6
8.1
12.2
13.4
11.3
21.7
11.7
10.9
4.2
1.5
3.6
100.0
2.1
10.0
13.8
13.9
11.2
20.8
10.8
9.8
3.7
1.3
2.8
100.0
-0.7
-2.1
4.2
10.6
11.6
26.2
16.3
16.8
6.8
2.8
7.7
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
15.8
Proposal:
30.0
1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004, TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(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.
-7.2
-5.4
2.4
9.7
14.2
17.9
21.3
24.2
25.1
26.8
30.4
14.2
2-Jul-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0148
Individual Income and Estate Tax Provisions in 2001-08 Tax Cuts
Distribution of Federal Tax Change by Cash Income Level, 2009 1
Detail Table - Tax Units with Children
Cash Income Level
(thousands of 2008
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
Percent of Tax Units 3
With Tax Cut
With Tax
Increase
1.3
44.6
90.8
96.9
97.4
97.7
96.8
93.6
87.7
99.0
99.6
83.7
0.9
0.8
0.6
0.3
0.1
0.1
0.3
0.1
0.1
0.0
0.0
0.3
Percent Change
in After-Tax
Income 4
0.3
1.4
4.4
4.5
4.0
3.1
2.6
1.9
1.3
4.5
6.6
3.0
Share of Total
Federal Tax
Change
0.1
1.2
5.6
6.3
5.4
11.1
9.9
17.1
7.0
8.9
27.3
100.0
Average Federal Tax Change
Dollars
-18
-224
-1,064
-1,420
-1,532
-1,596
-1,791
-1,990
-2,774
-21,436
-136,534
-2,205
Percent
2.7
19.0
-107.6
-33.4
-20.8
-13.6
-9.6
-5.9
-3.5
-10.1
-12.3
-9.7
Share of Federal Taxes
Change (%
Points)
0.0
-0.2
-0.6
-0.5
-0.3
-0.3
0.0
1.2
1.4
0.0
-0.6
0.0
Under the
Proposal
-0.2
-0.8
0.0
1.4
2.2
7.6
10.0
29.5
20.9
8.5
20.8
100.0
Average Federal Tax Rate 5
Change (%
Points)
-0.3
-1.5
-4.2
-4.0
-3.3
-2.5
-2.0
-1.4
-1.0
-3.1
-4.3
-2.3
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2009 1
Cash Income Level
(thousands of 2008
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 3
Number
(thousands)
Percent of
Total
2,701
5,494
5,603
4,726
3,756
7,394
5,839
9,103
2,690
442
212
48,094
5.6
11.4
11.7
9.8
7.8
15.4
12.1
18.9
5.6
0.9
0.4
100.0
Average
Income
(Dollars)
5,981
15,478
25,399
35,550
45,850
63,220
89,123
139,015
288,713
693,043
3,179,388
95,281
Average
Federal Tax
Burden
(Dollars)
-663
-1,177
989
4,258
7,369
11,775
18,748
34,012
79,827
212,275
1,107,722
22,784
Average AfterTax Income 4
(Dollars)
6,644
16,655
24,410
31,292
38,481
51,445
70,374
105,003
208,886
480,768
2,071,666
72,496
Average
Federal Tax
Rate 5
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-11.1
-7.6
3.9
12.0
16.1
18.6
21.0
24.5
27.7
30.6
34.8
23.9
0.4
1.9
3.1
3.7
3.8
10.2
11.4
27.6
17.0
6.7
14.7
100.0
0.5
2.6
3.9
4.2
4.2
10.9
11.8
27.4
16.1
6.1
12.6
100.0
-0.2
-0.6
0.5
1.8
2.5
8.0
10.0
28.3
19.6
8.6
21.4
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
15.8
Proposal:
30.0
Note: Tax units with children are those claiming an exemption for children at home or away from home.
1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004, TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(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.
Under the
Proposal
-11.4
-9.1
-0.3
8.0
12.7
16.1
19.0
23.0
26.7
27.5
30.6
21.6
2-Jul-08
PRELIMINARY RESULTS
Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.
http://www.taxpolicycenter.org
Table T08-0148
Individual Income and Estate Tax Provisions in 2001-08 Tax Cuts
Distribution of Federal Tax Change by Cash Income Level, 2009 1
Detail Table - Elderly Tax Units
Cash Income Level
(thousands of 2008
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
Percent of Tax Units 3
With Tax Cut
With Tax
Increase
0.6
14.2
43.1
56.1
70.8
93.9
97.3
97.0
96.1
98.8
99.4
55.6
0.2
0.0
0.1
0.1
0.0
0.0
0.0
0.1
0.0
0.0
0.1
0.1
Percent Change
in After-Tax
Income 4
0.1
0.3
1.0
1.3
1.7
2.8
2.9
3.7
4.1
5.3
6.6
3.5
Share of Total
Federal Tax
Change
0.0
0.5
1.5
1.5
2.0
10.6
9.1
21.1
16.2
9.4
28.0
100.0
Average Federal Tax Change
Dollars
-8
-41
-225
-421
-689
-1,547
-2,145
-3,960
-8,939
-25,546
-132,979
-2,089
Percent
-4.4
-9.4
-15.0
-16.5
-16.2
-17.4
-14.2
-13.2
-11.1
-12.0
-12.0
-12.8
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
-0.1
-0.1
-0.4
-0.1
-0.1
0.4
0.1
0.3
0.0
Under the
Proposal
0.1
0.7
1.3
1.1
1.5
7.4
8.1
20.4
19.0
10.2
30.2
100.0
Average Federal Tax Rate 5
Change (%
Points)
-0.1
-0.3
-0.9
-1.2
-1.5
-2.4
-2.4
-2.9
-3.0
-3.7
-4.2
-2.8
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2009 1
Cash Income Level
(thousands of 2008
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 3
Number
(thousands)
Percent of
Total
2,765
6,689
4,053
2,142
1,714
4,095
2,542
3,191
1,082
221
126
28,639
9.7
23.4
14.2
7.5
6.0
14.3
8.9
11.1
3.8
0.8
0.4
100.0
Average
Income
(Dollars)
6,577
15,129
24,891
35,242
46,021
63,445
88,251
137,801
298,445
696,175
3,134,426
75,721
Average
Federal Tax
Burden
(Dollars)
186
441
1,501
2,550
4,262
8,888
15,112
30,054
80,665
213,608
1,108,848
16,327
Average AfterTax Income 4
(Dollars)
6,391
14,689
23,389
32,693
41,759
54,558
73,139
107,746
217,780
482,568
2,025,578
59,394
Average
Federal Tax
Rate 5
2.8
2.9
6.0
7.2
9.3
14.0
17.1
21.8
27.0
30.7
35.4
21.6
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.8
4.7
4.7
3.5
3.6
12.0
10.3
20.3
14.9
7.1
18.2
100.0
1.0
5.8
5.6
4.1
4.2
13.1
10.9
20.2
13.9
6.3
15.0
100.0
0.1
0.6
1.3
1.2
1.6
7.8
8.2
20.5
18.7
10.1
29.9
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-5).
Number of AMT Taxpayers (millions). Baseline:
15.8
Proposal:
30.0
Note: Elderly tax units are those with either head or spouse (if filing jointly) age 65 or older.
1) Calendar year. Baseline is pre-EGTRRA law. Includes major individual income and estate tax provisions in EGTRRA 2001, JGTRRA 2003, WFTRA 2004, TIPRA 2006, PPA 2006, TIPA 2007, and ESA 2008.
(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.
Under the
Proposal
2.7
2.6
5.1
6.0
7.8
11.6
14.7
18.9
24.0
27.0
31.1
18.8