A more detailed version of this table including baseline values and additional distribution measures
is available on the second worksheet in the Excel file and second page of the pdf.
30-Aug-07
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T07-0296
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits for Tax Units with Eligible Children Only, by Cash Income Percentile, 2007
Summary Table
Cash Income
2,3
Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent of Tax Units with
4
Eligibile Children
With Tax
Without Tax
Benefit
Benefit
Benefit as
Percent of
After-Tax
5
Income
Share of Total
Federal Tax
Benefits
Average
Federal Tax
Benefit ($)
1
Average Federal Tax Rate
With Credit
6
Without Credit
8.2
85.1
98.2
99.7
69.0
76.1
91.8
14.9
1.8
0.3
31.0
23.9
0.2
3.6
4.7
3.2
0.7
1.8
0.2
12.1
27.6
34.3
25.6
100.0
19
745
1,491
1,687
1,075
1,089
-9.8
-3.7
9.5
16.7
25.5
20.6
-9.6
-0.1
13.6
19.3
26.0
21.9
97.8
72.4
8.5
2.2
0.3
2.2
27.7
91.5
97.8
99.7
2.1
0.8
0.0
0.0
0.0
19.9
5.3
0.4
0.0
0.0
1,664
891
77
28
6
20.3
23.2
26.1
30.7
33.0
21.9
23.8
26.1
30.7
33.0
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 1006-2).
(1) Calendar year. Benefits of the credit are calculated under current law.
(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 breaks used in this table are (in 2006 dollars): 20% $13,944, 40% $26,887, 60% $47,151, 80% $83,902, 90% $123,792, 95%
$174,283, 99% $425,614, 99.5% $663,650, and 99.9% 1,925,007.
(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.
30-Aug-07
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T07-0296
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits for Tax Units with Eligible Children Only, by Cash Income Percentile, 2007
Detail Table
Distribution of
Federal Tax
Benefits for Tax
Units with Eligible
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent of Tax Units with
Eligible Children4
With Tax
Without Tax
Benefit
Benefit
Benefit as
Percent of
After-Tax
5
Income
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefit
Dollars
Percent of Tax
Share of Federal Taxes
With Credit
Without
Credit
1
Average Federal Tax Rate6
With Credit
Without Credit
8.2
85.1
98.2
99.7
69.0
76.1
91.8
14.9
1.8
0.3
31.0
23.9
0.2
3.6
4.7
3.2
0.7
1.8
0.2
12.1
27.6
34.3
25.6
100.0
19
745
1,491
1,687
1,075
1,089
2.3
2,834.3
29.8
13.4
2.1
6.3
-0.7
-0.9
4.4
15.0
82.0
100.0
-0.7
0.0
5.9
16.3
78.4
100.0
-9.8
-3.7
9.5
16.7
25.5
20.6
-9.6
-0.1
13.6
19.3
26.0
21.9
97.8
72.4
8.5
2.2
0.3
2.2
27.7
91.5
97.8
99.7
2.1
0.8
0.0
0.0
0.0
19.9
5.3
0.4
0.0
0.0
1,664
891
77
28
6
7.3
2.5
0.1
0.0
0.0
17.1
13.9
21.1
29.9
14.9
17.2
13.3
19.8
28.0
14.0
20.3
23.2
26.1
30.7
33.0
21.9
23.8
26.1
30.7
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, 2007
Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units with Eligible
Children4
Number
Percent of
(thousands)
Total
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
1
Average AfterTax Income5
(Dollars)
Average
Federal Tax
Rate6
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
5,695
7,311
8,313
9,131
10,718
41,265
13.8
17.7
20.2
22.1
26.0
100.0
8,400
20,616
36,839
65,542
199,463
78,292
-805
-26
5,005
12,625
51,845
17,177
9,205
20,643
31,834
52,917
147,618
61,114
-9.6
-0.1
13.6
19.3
26.0
21.9
1.5
4.7
9.5
18.5
66.2
100.0
2.1
6.0
10.5
19.2
62.7
100.0
-0.7
0.0
5.9
16.3
78.4
100.0
5,376
2,686
2,144
513
49
13.0
6.5
5.2
1.2
0.1
103,573
147,601
250,799
1,262,160
6,150,899
22,721
35,165
65,524
387,480
2,028,076
80,853
112,436
185,274
874,680
4,122,824
21.9
23.8
26.1
30.7
33.0
17.2
12.3
16.6
20.0
9.3
17.2
12.0
15.8
17.8
8.0
17.2
13.3
19.8
28.0
14.0
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 1006-2).
(1) Calendar year. Benefits of the credit are calculated under current law.
(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 breaks used in this table are (in 2006 dollars): 20% $13,944, 40% $26,887, 60% $47,151, 80% $83,902, 90% $123,792, 95% $174,283, 99% $425,614, 99.5% $663,650, and 99.9%
1,925,007.
(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.