14-Jul-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 T09-0347
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Summary Table
Cash Income Level
(thousands of 2009
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
With Tax
Increase
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
18.3
80.1
90.4
1.4
Percent
Change in
After-Tax
4
Income
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
-0.6
-4.3
-0.5
Share of Total
Federal Tax
Change
Average
Federal Tax
Change ($)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.3
6.2
92.5
100.0
0
0
0
0
0
0
0
0
108
2,769
88,582
277
Average Federal Tax Rate
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.4
2.9
0.4
5
Under the
Proposal
4.7
5.6
11.0
15.0
17.1
19.2
21.2
24.4
27.2
28.8
36.6
23.4
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-2).
Number of AMT Taxpayers (millions). Baseline: 15.9
Proposal: 15.9
(1) Calendar year. Baseline is current law. Proposal is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax
units pay a 1 percent tax on modified AGI between $350,000 and $500,000 for couples ($280,000 and $400,000 for others), a 1.5 percent tax on modified AGI
between $500,000 and $1,000,000 for couples ($400,000 and $800,000 for others), and a 5.4 percent tax on modified AGI exceeding $1,000,000 ($800,000 for
others). Modified AGI is AGI less any deduction for investment interest.
(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.
14-Jul-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0347
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table
Cash Income Level
(thousands of 2009
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
18.3
80.1
90.4
1.4
Percent Change
in After-Tax
Income 4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
-0.6
-4.3
-0.5
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.3
6.2
92.5
100.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
108
2,769
88,582
277
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
1.4
8.5
1.7
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
-0.1
-0.1
-0.2
-0.2
-0.4
-0.3
0.0
1.2
0.0
Under the
Proposal
0.2
0.9
2.2
3.3
3.7
9.6
10.7
25.3
16.9
7.5
19.6
100.0
Average Federal Tax Rate 5
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.4
2.9
0.4
Under the
Proposal
4.7
5.6
11.0
15.0
17.1
19.2
21.2
24.4
27.2
28.8
36.6
23.4
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2011 1
Cash Income Level
(thousands of 2009
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)
19,365
25,638
20,291
16,052
12,378
20,382
14,768
18,573
5,328
961
449
155,368
Percent of
Total
12.5
16.5
13.1
10.3
8.0
13.1
9.5
12.0
3.4
0.6
0.3
100.0
Average
Income
(Dollars)
5,968
15,524
25,488
35,781
45,951
64,015
88,952
145,162
302,254
708,101
3,101,032
71,667
Average
Federal Tax
Burden
(Dollars)
281
865
2,793
5,356
7,834
12,256
18,884
35,411
82,145
201,098
1,045,498
16,466
Average AfterTax Income 4
(Dollars)
5,686
14,659
22,695
30,425
38,117
51,759
70,068
109,751
220,109
507,004
2,055,533
55,201
Average
Federal Tax
Rate 5
4.7
5.6
11.0
15.0
17.1
19.2
21.2
24.4
27.2
28.4
33.7
23.0
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
1.0
3.6
4.6
5.2
5.1
11.7
11.8
24.2
14.5
6.1
12.5
100.0
1.3
4.4
5.4
5.7
5.5
12.3
12.1
23.8
13.7
5.7
10.8
100.0
0.2
0.9
2.2
3.4
3.8
9.8
10.9
25.7
17.1
7.6
18.4
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-2).
Number of AMT Taxpayers (millions). Baseline: 15.9
Proposal: 15.9
(1) Calendar year. Baseline is current law. Proposal is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax units pay a 1 percent tax on modified AGI between $350,000
and $500,000 for couples ($280,000 and $400,000 for others), a 1.5 percent tax on modified AGI between $500,000 and $1,000,000 for couples ($400,000 and $800,000 for others), and a 5.4 percent tax on modified AGI
exceeding $1,000,000 ($800,000 for others). Modified AGI is AGI less any deduction for investment interest.
(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.
14-Jul-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0347
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Single Tax Units
Cash Income Level
(thousands of 2009
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
28.1
76.3
91.5
0.5
Percent Change
in After-Tax
Income 4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
-0.6
-4.6
-0.3
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2.7
6.8
90.5
100.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
220
3,044
87,396
85
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
1.4
7.6
0.9
Share of Federal Taxes
Change (%
Points)
0.0
0.0
-0.1
-0.1
-0.1
-0.2
-0.1
-0.2
-0.1
0.0
0.7
0.0
Under the
Proposal
1.1
3.6
6.4
8.1
8.3
17.0
12.2
16.4
10.2
4.6
11.8
100.0
Average Federal Tax Rate 5
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.4
2.9
0.2
Under the
Proposal
8.5
9.5
14.8
18.7
20.2
22.9
25.3
26.3
29.6
31.9
40.6
22.7
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2011 1
Cash Income Level
(thousands of 2009
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
13,564
15,461
10,641
7,560
5,612
7,335
3,426
2,782
711
128
59
67,885
20.0
22.8
15.7
11.1
8.3
10.8
5.1
4.1
1.1
0.2
0.1
100.0
Average
Income
(Dollars)
5,890
15,366
25,375
35,783
45,889
63,214
88,062
139,901
304,320
706,707
3,051,193
40,448
Average
Federal Tax
Burden
(Dollars)
501
1,461
3,758
6,678
9,266
14,493
22,275
36,852
89,718
222,536
1,150,495
9,112
Average AfterTax Income 4
(Dollars)
5,389
13,905
21,617
29,104
36,623
48,722
65,787
103,049
214,603
484,171
1,900,698
31,336
Average
Federal Tax
Rate 5
8.5
9.5
14.8
18.7
20.2
22.9
25.3
26.3
29.5
31.5
37.7
22.5
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.9
8.7
9.8
9.9
9.4
16.9
11.0
14.2
7.9
3.3
6.6
100.0
3.4
10.1
10.8
10.3
9.7
16.8
10.6
13.5
7.2
2.9
5.3
100.0
1.1
3.7
6.5
8.2
8.4
17.2
12.3
16.6
10.3
4.6
11.1
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-2).
(1) Calendar year. Baseline is current law. Proposal is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax units pay a 1 percent tax on modified AGI between $350,000
and $500,000 for couples ($280,000 and $400,000 for others), a 1.5 percent tax on modified AGI between $500,000 and $1,000,000 for couples ($400,000 and $800,000 for others), and a 5.4 percent tax on modified AGI
exceeding $1,000,000 ($800,000 for others). Modified AGI is AGI less any deduction for investment interest.
(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.
14-Jul-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0347
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Married Tax Units Filing Jointly
Cash Income Level
(thousands of 2009
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
16.0
80.4
90.2
2.8
Percent Change
in After-Tax
Income 4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.5
-4.2
-0.6
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.1
6.2
92.8
100.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
81
2,624
85,285
561
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
1.3
8.5
2.0
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
-0.1
-0.2
-0.6
-0.4
-0.1
1.4
0.0
Under the
Proposal
0.0
0.2
0.5
0.9
1.4
5.6
9.7
29.6
20.3
9.0
22.7
100.0
Average Federal Tax Rate 5
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.4
2.8
0.5
Under the
Proposal
4.4
3.7
7.1
10.2
12.8
16.0
19.6
24.0
26.9
28.3
35.9
24.5
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2011 1
Cash Income Level
(thousands of 2009
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
2,429
4,455
4,899
4,456
4,099
9,615
9,814
14,949
4,454
801
371
60,792
4.0
7.3
8.1
7.3
6.7
15.8
16.1
24.6
7.3
1.3
0.6
100.0
Average
Income
(Dollars)
5,083
15,929
25,647
35,966
46,069
64,929
89,500
146,628
301,893
708,867
3,038,501
119,608
Average
Federal Tax
Burden
(Dollars)
223
582
1,821
3,671
5,884
10,401
17,569
35,231
81,117
198,023
1,004,596
28,742
Average AfterTax Income 4
(Dollars)
4,860
15,347
23,826
32,295
40,185
54,527
71,931
111,397
220,775
510,844
2,033,905
90,866
Average
Federal Tax
Rate 5
4.4
3.7
7.1
10.2
12.8
16.0
19.6
24.0
26.9
27.9
33.1
24.0
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.2
1.0
1.7
2.2
2.6
8.6
12.1
30.2
18.5
7.8
15.5
100.0
0.2
1.2
2.1
2.6
3.0
9.5
12.8
30.2
17.8
7.4
13.7
100.0
0.0
0.2
0.5
0.9
1.4
5.7
9.9
30.1
20.7
9.1
21.3
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-2).
(1) Calendar year. Baseline is current law. Proposal is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax units pay a 1 percent tax on modified AGI between $350,000
and $500,000 for couples ($280,000 and $400,000 for others), a 1.5 percent tax on modified AGI between $500,000 and $1,000,000 for couples ($400,000 and $800,000 for others), and a 5.4 percent tax on modified AGI
exceeding $1,000,000 ($800,000 for others). Modified AGI is AGI less any deduction for investment interest.
(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.
14-Jul-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0347
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Head of Household Tax Units
Cash Income Level
(thousands of 2009
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
28.8
86.1
94.2
0.3
Percent Change
in After-Tax
Income 4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
-0.7
-4.8
-0.1
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2.7
7.3
90.0
100.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
219
3,355
94,980
41
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
1.9
9.3
0.7
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
-0.1
-0.1
-0.2
-0.1
-0.1
0.0
0.0
0.6
0.0
Under the
Proposal
-1.4
-2.7
4.3
11.4
12.4
25.3
17.4
16.7
6.4
2.8
7.3
100.0
Average Federal Tax Rate 5
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.5
3.2
0.1
Under the
Proposal
-9.1
-4.5
5.4
12.6
16.4
19.5
22.1
24.5
25.2
26.9
37.2
15.3
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2011 1
Cash Income Level
(thousands of 2009
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
3,183
5,410
4,414
3,656
2,340
2,945
1,281
716
120
21
9
24,178
13.2
22.4
18.3
15.1
9.7
12.2
5.3
3.0
0.5
0.1
0.0
100.0
Average
Income
(Dollars)
6,972
15,639
25,573
35,466
45,919
62,994
87,535
135,503
303,312
681,512
3,010,443
38,406
Average
Federal Tax
Burden
(Dollars)
-635
-710
1,386
4,459
7,533
12,254
19,362
33,133
76,150
179,956
1,023,293
5,851
Average AfterTax Income 4
(Dollars)
7,607
16,348
24,187
31,007
38,385
50,740
68,173
102,370
227,161
501,555
1,987,150
32,555
Average
Federal Tax
Rate 5
-9.1
-4.5
5.4
12.6
16.4
19.5
22.1
24.5
25.1
26.4
34.0
15.2
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.4
9.1
12.2
14.0
11.6
20.0
12.1
10.5
3.9
1.6
3.0
100.0
3.1
11.2
13.6
14.4
11.4
19.0
11.1
9.3
3.5
1.4
2.4
100.0
-1.4
-2.7
4.3
11.5
12.5
25.5
17.5
16.8
6.4
2.7
6.8
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-2).
(1) Calendar year. Baseline is current law. Proposal is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax units pay a 1 percent tax on modified AGI between $350,000
and $500,000 for couples ($280,000 and $400,000 for others), a 1.5 percent tax on modified AGI between $500,000 and $1,000,000 for couples ($400,000 and $800,000 for others), and a 5.4 percent tax on modified AGI
exceeding $1,000,000 ($800,000 for others). Modified AGI is AGI less any deduction for investment interest.
(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.
14-Jul-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0347
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Tax Units with Children
Cash Income Level
(thousands of 2009
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
18.6
88.6
96.1
2.0
Percent Change
in After-Tax
Income 4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
-0.6
-4.7
-0.5
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.4
7.1
91.5
100.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
100
3,162
93,924
371
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
1.5
8.8
1.8
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
-0.1
-0.1
-0.2
-0.5
-0.3
0.0
1.3
0.0
Under the
Proposal
-0.3
-0.7
0.5
1.9
2.6
7.8
10.9
29.5
19.8
8.4
19.7
100.0
Average Federal Tax Rate 5
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.4
3.1
0.4
Under the
Proposal
-12.8
-7.7
3.6
11.6
15.6
18.3
20.6
24.4
27.5
29.9
37.6
23.5
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2011 1
Cash Income Level
(thousands of 2009
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
3,782
6,207
5,456
4,803
3,828
6,829
6,150
8,544
2,482
408
177
48,902
7.7
12.7
11.2
9.8
7.8
14.0
12.6
17.5
5.1
0.8
0.4
100.0
Average
Income
(Dollars)
6,603
15,786
25,607
35,646
45,950
64,400
89,242
146,709
301,086
711,104
3,078,717
90,398
Average
Federal Tax
Burden
(Dollars)
-845
-1,213
931
4,148
7,144
11,809
18,361
35,842
82,675
209,643
1,062,753
20,890
Average AfterTax Income 4
(Dollars)
7,448
16,999
24,676
31,498
38,807
52,591
70,881
110,867
218,411
501,461
2,015,964
69,509
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
-12.8
-7.7
3.6
11.6
15.6
18.3
20.6
24.4
27.5
29.5
34.5
23.1
0.6
2.2
3.2
3.9
4.0
10.0
12.4
28.4
16.9
6.6
12.3
100.0
0.8
3.1
4.0
4.5
4.4
10.6
12.8
27.9
16.0
6.0
10.5
100.0
-0.3
-0.7
0.5
2.0
2.7
7.9
11.1
30.0
20.1
8.4
18.4
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-2).
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 is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax units pay a 1 percent tax on modified AGI between $350,000
and $500,000 for couples ($280,000 and $400,000 for others), a 1.5 percent tax on modified AGI between $500,000 and $1,000,000 for couples ($400,000 and $800,000 for others), and a 5.4 percent tax on modified AGI
exceeding $1,000,000 ($800,000 for others). Modified AGI is AGI less any deduction for investment interest.
(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.
14-Jul-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0347
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Elderly Tax Units
Cash Income Level
(thousands of 2009
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
14.5
68.5
87.9
1.4
Percent Change
in After-Tax
Income 4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.4
-3.8
-0.5
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.9
4.8
94.3
100.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
78
1,826
76,359
296
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.9
7.3
2.1
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
-0.2
-0.2
-0.4
-0.4
-0.1
1.4
0.0
Under the
Proposal
0.1
0.7
1.4
1.7
1.6
7.2
7.4
21.1
19.8
10.6
28.5
100.0
Average Federal Tax Rate 5
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
2.5
0.4
Under the
Proposal
2.9
2.7
4.9
6.8
7.3
11.6
15.3
20.9
26.5
28.2
36.9
19.9
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2011 1
Cash Income Level
(thousands of 2009
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
2,497
6,618
4,666
2,956
2,043
4,142
2,356
2,971
1,050
230
108
29,671
8.4
22.3
15.7
10.0
6.9
14.0
7.9
10.0
3.5
0.8
0.4
100.0
Average
Income
(Dollars)
6,490
15,496
25,268
35,688
46,052
63,595
87,943
145,093
303,383
695,507
3,041,839
72,264
Average
Federal Tax
Burden
(Dollars)
190
423
1,243
2,438
3,348
7,374
13,439
30,342
80,179
194,228
1,045,043
14,083
Average AfterTax Income 4
(Dollars)
6,301
15,072
24,025
33,251
42,704
56,222
74,504
114,751
223,204
501,279
1,996,796
58,181
Average
Federal Tax
Rate 5
2.9
2.7
4.9
6.8
7.3
11.6
15.3
20.9
26.4
27.9
34.4
19.5
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.8
4.8
5.5
4.9
4.4
12.3
9.7
20.1
14.9
7.5
15.4
100.0
0.9
5.8
6.5
5.7
5.1
13.5
10.2
19.8
13.6
6.7
12.5
100.0
0.1
0.7
1.4
1.7
1.6
7.3
7.6
21.6
20.2
10.7
27.1
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-2).
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 is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax units pay a 1 percent tax on modified AGI between $350,000
and $500,000 for couples ($280,000 and $400,000 for others), a 1.5 percent tax on modified AGI between $500,000 and $1,000,000 for couples ($400,000 and $800,000 for others), and a 5.4 percent tax on modified AGI
exceeding $1,000,000 ($800,000 for others). Modified AGI is AGI less any deduction for investment interest.
(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.