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 T11‐0400
The Gingrich Tax Plan
Baseline: Current Policy
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
17.0
34.3
61.9
78.6
85.3
91.4
95.6
97.5
99.4
99.7
99.9
70.1
Avg Tax Cut
‐222
‐247
‐488
‐751
‐985
‐1,847
‐3,050
‐5,799
‐20,745
‐76,995
‐613,689
‐7,248
With Tax Increase
Avg Tax Increase
Pct of Tax Units
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
Percent Change in After‐Tax Income 4
0.7
0.5
1.2
1.8
2.1
3.1
3.9
5.0
8.9
14.3
28.7
7.9
Share of Total Federal Tax Change
0.1
0.3
0.7
1.2
1.4
4.8
5.1
15.9
16.9
10.6
43.0
100.0
Average Federal Tax Change ($)
‐38
‐85
‐302
‐590
‐839
‐1,689
‐2,915
‐5,650
‐20,387
‐75,939
‐607,221
‐5,040
Average Federal Tax Rate 5
Change (% Points)
‐0.6
‐0.5
‐1.1
‐1.6
‐1.8
‐2.6
‐3.1
‐3.9
‐6.7
‐10.5
‐19.7
‐6.3
Under the Proposal
2.1
1.3
6.0
9.8
12.7
14.4
15.9
17.9
17.8
16.3
11.9
14.7
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐2).
Number of AMT Taxpayers (millions). Baseline: 6.1 Proposal: 0.3
* Less than 0.05
** Insufficient data
(1) Calendar year. Baseline is current policy. Proposal implements the Gingrich tax plan. 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 T11‐0400
The Gingrich Tax Plan
Baseline: Current Policy
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
17.0
34.3
61.9
78.6
85.3
91.4
95.6
97.5
99.4
99.7
99.9
70.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent Change in After‐Tax 4
Income Share of Total Federal Tax Change
0.7
0.5
1.2
1.8
2.1
3.1
3.9
5.0
8.9
14.3
28.7
7.9
0.1
0.3
0.7
1.2
1.4
4.8
5.1
15.9
16.9
10.6
43.0
100.0
Average Federal Tax Change
Dollars
Percent
‐38
‐85
‐302
‐590
‐839
‐1,689
‐2,915
‐5,650
‐20,387
‐75,939
‐607,221
‐5,040
‐23.1
‐28.8
‐16.1
‐13.9
‐12.1
‐15.2
‐16.5
‐17.8
‐27.3
‐39.2
‐62.3
‐29.9
Share of Federal Taxes
Change (% Points)
0.0
0.0
0.3
0.6
0.8
2.0
1.8
4.6
0.7
‐1.1
‐9.5
0.0
Under the Proposal
0.1
0.3
1.6
3.0
4.2
11.3
11.0
31.1
19.2
7.0
11.1
100.0
5
Average Federal Tax Rate
Change (% Points)
‐0.6
‐0.5
‐1.1
‐1.6
‐1.8
‐2.6
‐3.1
‐3.9
‐6.7
‐10.5
‐19.7
‐6.3
Under the Proposal
2.1
1.3
6.0
9.8
12.7
14.4
15.9
17.9
17.8
16.3
11.9
14.7
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)
163
293
1,881
4,251
6,923
11,137
17,689
31,708
74,790
193,964
975,058
16,888
Percent of Total
0.1
0.3
1.3
2.5
3.3
9.4
9.2
26.6
18.5
8.1
20.6
100.0
4
After‐Tax Income Average (dollars)
5,737
15,566
24,657
33,053
40,899
54,467
75,157
113,831
230,274
532,183
2,113,271
63,696
Percent of Total
1.0
3.9
4.6
5.1
5.2
12.2
10.4
25.3
15.1
5.9
11.8
100.0
Average Federal Tax 5
Rate 2.8
1.9
7.1
11.4
14.5
17.0
19.1
21.8
24.5
26.7
31.6
21.0
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐2).
Number of AMT Taxpayers (millions). Baseline: 6.1 Proposal: 0.3
* Less than 0.05
(1) Calendar year. Baseline is current policy. Proposal implements the Gingrich tax plan. 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 T11‐0400
The Gingrich Tax Plan
Baseline: Current Policy
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
15.8
37.9
67.5
83.6
89.5
92.8
95.9
95.5
99.5
99.7
100.0
60.7
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent Change in After‐Tax 4
Income Share of Total Federal Tax Change
0.6
0.6
1.4
2.0
2.1
3.7
5.8
7.0
13.4
20.1
35.7
6.6
0.3
0.9
2.2
3.0
2.7
9.6
8.8
16.5
15.3
9.1
31.6
100.0
Average Federal Tax Change
Dollars
Percent
‐32
‐87
‐333
‐623
‐797
‐1,896
‐4,097
‐7,469
‐31,184
‐103,740
‐711,066
‐2,324
‐9.2
‐10.0
‐11.7
‐11.7
‐9.3
‐13.9
‐19.2
‐21.5
‐39.5
‐52.1
‐68.1
‐26.4
Share of Federal Taxes
Change (% Points)
0.2
0.5
1.0
1.3
1.8
3.1
1.2
1.3
‐1.8
‐1.6
‐6.9
0.0
Under the Proposal
0.9
2.8
6.0
8.0
9.6
21.2
13.3
21.5
8.4
3.0
5.3
100.0
5
Average Federal Tax Rate
Change (% Points)
‐0.5
‐0.6
‐1.3
‐1.7
‐1.7
‐2.9
‐4.5
‐5.3
‐10.0
‐14.5
‐23.4
‐5.3
Under the Proposal
5.4
5.0
9.6
12.6
16.4
18.1
18.9
19.2
15.3
13.4
11.0
14.7
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)
345
872
2,860
5,325
8,617
13,641
21,391
34,691
79,054
199,296
1,044,171
8,815
Percent of Total
0.7
2.3
5.0
6.7
7.8
18.1
12.1
20.2
10.2
4.6
12.2
100.0
4
After‐Tax Income Average (dollars)
5,474
14,866
23,564
31,930
38,966
51,412
70,357
107,459
232,926
516,155
1,991,243
35,301
Percent of Total
2.8
9.8
10.2
10.0
8.8
17.1
9.9
15.6
7.5
3.0
5.8
100.0
Average Federal Tax 5
Rate 5.9
5.5
10.8
14.3
18.1
21.0
23.3
24.4
25.3
27.9
34.4
20.0
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐2).
* Less than 0.05
(1) Calendar year. Baseline is current policy. Proposal implements the Gingrich tax plan. 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 T11‐0400
The Gingrich Tax Plan
Baseline: Current Policy
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
29.4
31.0
42.8
66.2
79.6
91.9
95.8
98.0
99.3
99.7
99.9
86.8
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent Change in After‐Tax 4
Income Share of Total Federal Tax Change
2.4
0.9
0.9
1.3
1.8
2.7
3.1
4.5
8.0
13.3
27.4
9.0
0.0
0.1
0.1
0.2
0.5
2.6
3.6
15.9
18.0
11.6
47.2
100.0
Average Federal Tax Change
Dollars
Percent
‐125
‐150
‐229
‐453
‐773
‐1,565
‐2,425
‐5,223
‐18,484
‐71,110
‐577,164
‐10,280
951.8
40.7
‐51.6
‐19.5
‐17.5
‐18.0
‐15.3
‐16.9
‐25.0
‐36.8
‐60.9
‐31.5
Share of Federal Taxes
Change (% Points)
0.0
‐0.1
0.0
0.1
0.2
0.9
1.7
6.3
2.2
‐0.8
‐10.5
0.0
Under the Proposal
0.0
‐0.1
0.1
0.5
1.1
5.5
9.1
35.9
24.8
9.1
13.9
100.0
5
Average Federal Tax Rate
Change (% Points)
‐2.4
‐0.9
‐0.9
‐1.2
‐1.6
‐2.4
‐2.6
‐3.6
‐6.1
‐9.8
‐18.9
‐7.0
Under the Proposal
‐2.7
‐3.1
0.8
5.0
7.5
10.8
14.3
17.5
18.3
16.7
12.1
15.3
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)
‐13
‐369
443
2,326
4,415
8,698
15,810
30,971
74,061
193,048
947,306
32,659
Percent of Total
0.0
0.0
0.1
0.4
1.0
4.6
7.4
29.6
22.7
9.9
24.4
100.0
4
After‐Tax Income Average (dollars)
5,189
16,883
26,226
35,314
43,862
57,554
77,711
115,900
230,054
535,271
2,105,428
114,103
Percent of Total
0.1
0.6
1.1
1.7
2.7
8.7
10.4
31.7
20.2
7.8
15.5
100.0
Average Federal Tax 5
Rate ‐0.3
‐2.2
1.7
6.2
9.1
13.1
16.9
21.1
24.4
26.5
31.0
22.3
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐2).
* Less than 0.05
(1) Calendar year. Baseline is current policy. Proposal implements the Gingrich tax plan. 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 T11‐0400
The Gingrich Tax Plan
Baseline: Current Policy
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
18.7
21.3
56.3
76.1
83.0
87.2
93.7
97.7
99.3
99.4
100.0
60.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent Change in After‐Tax 4
Income Share of Total Federal Tax Change
0.4
0.2
0.9
1.8
2.5
2.7
3.6
5.5
9.6
12.7
29.6
3.6
0.2
0.6
3.2
6.7
7.7
15.6
11.3
18.2
11.0
4.9
20.4
100.0
Average Federal Tax Change
Dollars
Percent
‐33
‐39
‐251
‐615
‐1,023
‐1,466
‐2,624
‐5,790
‐21,547
‐66,278
‐588,431
‐1,391
4.1
2.5
428.4
‐19.6
‐16.1
‐13.3
‐14.4
‐18.1
‐29.3
‐35.7
‐62.0
‐23.1
Share of Federal Taxes
Change (% Points)
‐0.5
‐1.8
‐1.0
0.4
1.0
3.4
2.1
1.5
‐0.7
‐0.5
‐3.8
0.0
Under the Proposal
‐1.8
‐7.1
‐1.2
8.3
12.1
30.4
20.2
24.7
7.9
2.7
3.7
100.0
5
Average Federal Tax Rate
Change (% Points)
‐0.5
‐0.3
‐0.9
‐1.7
‐2.1
‐2.3
‐2.9
‐4.2
‐7.2
‐9.4
‐20.0
‐3.1
Under the Proposal
‐12.5
‐10.1
‐1.2
6.8
11.2
14.7
17.0
19.0
17.5
16.9
12.3
10.4
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)
‐803
‐1,580
‐59
3,135
6,353
11,027
18,283
31,929
73,547
185,747
948,643
6,035
Percent of Total
‐1.3
‐5.3
‐0.2
7.9
11.1
27.0
18.2
23.2
8.7
3.2
7.6
100.0
4
After‐Tax Income Average (dollars)
7,502
17,562
26,807
33,983
41,388
54,176
73,647
105,347
224,350
520,631
1,991,579
38,585
Percent of Total
2.0
9.2
12.2
13.4
11.3
20.7
11.5
12.0
4.1
1.4
2.5
100.0
Average Federal Tax 5
Rate ‐12.0
‐9.9
‐0.2
8.4
13.3
16.9
19.9
23.3
24.7
26.3
32.3
13.5
Source: Urban‐Brookings Tax Policy Center Microsimulation Model (version 0411‐2).
* Less than 0.05
(1) Calendar year. Baseline is current policy. Proposal implements the Gingrich tax plan. 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 T11‐0400
The Gingrich Tax Plan
Baseline: Current Policy
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
16.2
25.1
50.3
75.0
85.1
90.9
95.4
98.2
99.6
100.0
100.0
75.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent Change in After‐Tax 4
Income Share of Total Federal Tax Change
0.6
0.4
0.8
1.7
2.5
3.3
3.7
4.4
7.7
12.1
27.6
7.5
0.0
0.1
0.4
0.9
1.4
4.5
5.2
17.0
18.1
10.1
41.9
100.0
Average Federal Tax Change
Dollars
Percent
‐43
‐71
‐232
‐592
‐1,063
‐1,823
‐2,797
‐5,052
‐17,386
‐63,511
‐570,983
‐6,095
4.0
2.8
22.9
‐25.2
‐19.4
‐17.8
‐16.7
‐16.1
‐23.1
‐31.5
‐58.2
‐28.6
Share of Federal Taxes
Change (% Points)
‐0.1
‐0.6
‐0.4
0.1
0.3
1.1
1.5
5.3
1.8
‐0.4
‐8.5
0.0
Under the Proposal
‐0.4
‐1.8
‐0.9
1.1
2.4
8.2
10.5
35.6
24.2
8.8
12.1
100.0
5
Average Federal Tax Rate
Change (% Points)
‐0.7
‐0.4
‐0.9
‐1.6
‐2.2
‐2.8
‐3.0
‐3.5
‐5.8
‐8.7
‐18.7
‐6.0
Under the Proposal
‐18.0
‐16.0
‐4.7
4.7
9.2
12.7
15.0
18.0
19.2
19.0
13.5
14.8
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)
‐1,055
‐2,517
‐1,013
2,347
5,488
10,222
16,793
31,435
75,347
201,581
981,898
21,289
Percent of Total
‐0.3
‐1.3
‐0.5
1.1
2.1
7.2
9.0
30.3
22.5
9.2
20.6
100.0
4
After‐Tax Income Average (dollars)
7,159
18,695
27,699
34,883
42,493
55,990
76,586
114,951
225,833
525,318
2,070,962
81,172
Percent of Total
0.5
2.5
3.5
4.2
4.2
10.3
10.8
29.1
17.7
6.3
11.4
100.0
Average Federal Tax 5
Rate ‐17.3
‐15.6
‐3.8
6.3
11.4
15.4
18.0
21.5
25.0
27.7
32.2
20.8
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 policy. Proposal implements the Gingrich tax plan. 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 T11‐0400
The Gingrich Tax Plan
Baseline: Current Policy
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
25.2
57.5
78.2
84.2
93.6
97.1
98.0
99.5
99.8
99.9
66.3
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent Change in After‐Tax 4
Income Share of Total Federal Tax Change
0.4
0.4
1.2
2.0
2.2
3.6
4.9
8.0
13.6
20.8
33.4
10.6
0.0
0.2
0.6
1.1
1.0
4.4
4.7
15.6
18.4
12.4
41.5
100.0
Average Federal Tax Change
Dollars
Percent
‐29
‐62
‐300
‐719
‐973
‐2,102
‐3,946
‐9,567
‐33,294
‐112,159
‐701,191
‐6,872
‐44.9
‐47.9
‐44.5
‐40.9
‐32.9
‐33.8
‐32.1
‐37.5
‐47.5
‐59.0
‐70.0
‐51.0
Share of Federal Taxes
Change (% Points)
0.0
0.0
0.1
0.3
0.6
2.4
2.9
5.9
1.4
‐1.8
‐11.7
0.0
Under the Proposal
0.0
0.2
0.8
1.6
2.2
9.0
10.2
27.2
21.2
9.0
18.5
100.0
5
Average Federal Tax Rate
Change (% Points)
‐0.4
‐0.4
‐1.1
‐1.9
‐2.0
‐3.2
‐4.3
‐6.6
‐10.6
‐15.4
‐22.6
‐8.8
Under the Proposal
0.5
0.4
1.4
2.8
4.2
6.3
9.0
11.0
11.7
10.7
9.7
8.4
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)
64
129
672
1,756
2,955
6,223
12,283
25,541
70,060
190,096
1,002,137
13,472
Percent of Total
0.0
0.2
0.7
1.3
1.6
6.7
7.4
21.3
19.8
10.7
30.2
100.0
4
After‐Tax Income Average (dollars)
6,799
15,813
25,646
35,590
44,708
58,906
80,146
119,732
244,994
540,137
2,100,181
64,761
Percent of Total
0.8
5.6
5.3
5.5
5.1
13.2
10.0
20.8
14.4
6.4
13.2
100.0
Average Federal Tax 5
Rate 0.9
0.8
2.6
4.7
6.2
9.6
13.3
17.6
22.2
26.0
32.3
17.2
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 policy. Proposal implements the Gingrich tax plan. 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.