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 T07-0295
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits for Tax Units with Eligible Children Only, by Cash Income Level, 2007
Summary Table
Cash Income Class
(thousands of 2006
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
Eligibile Children 3
With Tax
Without Tax
Benefit
Benefit
0.8
55.0
94.2
98.3
99.1
99.7
99.8
76.7
4.4
2.9
1.1
76.1
99.2
45.0
5.8
1.7
0.9
0.3
0.2
23.3
95.6
97.1
98.9
23.9
Benefit as
Percent of
After-Tax
Income 4
0.2
1.8
4.7
4.8
4.2
3.3
2.4
1.1
0.0
0.0
0.0
1.8
Share of Total
Federal Tax
Benefits
Average
Federal Tax
Benefit ($)
0.1
3.8
13.1
14.3
11.7
24.2
17.2
15.4
0.2
0.0
0.0
100.0
10
291
1,119
1,479
1,617
1,687
1,705
1,137
54
39
14
1,089
1
Average Federal Tax Rate 5
With Credit
-9.6
-8.4
0.7
8.9
13.1
16.4
18.9
22.7
26.7
28.0
32.3
20.6
Without Credit
-9.4
-6.5
5.1
13.0
16.7
19.1
20.8
23.5
26.7
28.0
32.3
21.9
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) 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.
30-Aug-07
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T07-0295
Child Tax Credit (CTC)
Distribution of Federal Tax Benefits for Tax Units with Eligible Children Only, by Cash Income Level, 2007
Detail Table
Cash Income Class
(thousands of 2006
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
Eligibile Children 3
With Tax
Without Tax
Benefit
Benefit
0.8
55.0
94.2
98.3
99.1
99.7
99.8
76.7
4.4
2.9
1.1
76.1
99.2
45.0
5.8
1.7
0.9
0.3
0.2
23.3
95.6
97.1
98.9
23.9
Benefit as
Percent of
After-Tax
Income 4
0.2
1.8
4.7
4.8
4.2
3.3
2.4
1.1
0.0
0.0
0.0
1.8
Share of Total
Federal Tax
Benefits
0.1
3.8
13.1
14.3
11.7
24.2
17.2
15.4
0.2
0.0
0.0
100.0
Average Federal Tax Benefit
Dollars
10
291
1,119
1,479
1,617
1,687
1,705
1,137
54
39
14
1,089
Percent of Tax
1.7
29.1
85.8
32.0
21.2
14.0
9.3
3.5
0.1
0.0
0.0
6.3
1
Average Federal Tax Rate 5
Share of Federal Taxes
With Credit
Without
Credit
-0.3
-1.1
0.2
2.1
2.9
10.0
11.4
28.4
18.8
7.5
20.0
100.0
-0.3
-0.8
1.0
2.8
3.5
10.9
11.8
27.6
17.6
7.1
18.7
100.0
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.6
2.8
4.1
4.8
4.6
12.6
12.4
25.8
14.5
5.5
12.7
100.0
0.9
3.8
5.0
5.3
4.9
13.1
12.6
25.2
13.6
5.1
11.0
100.0
-0.3
-0.8
1.0
2.8
3.5
10.9
11.8
27.6
17.6
7.1
18.7
100.0
With Credit
-9.6
-8.4
0.7
8.9
13.1
16.4
18.9
22.7
26.7
28.0
32.3
20.6
Baseline Distribution of Income and Federal Taxes
by Cash Income Class, 2007 1
Cash Income Class
(thousands of 2006
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 with Eligible
Children 3
Number
Percent of
(thousands)
Total
3,465
5,832
5,271
4,336
3,239
6,442
4,533
6,068
1,592
260
130
41,265
8.4
14.1
12.8
10.5
7.9
15.6
11.0
14.7
3.9
0.6
0.3
100.0
Average
Income
(Dollars)
5,883
15,400
25,366
35,445
45,717
63,110
88,359
137,077
293,464
687,622
3,165,716
78,292
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income 4
(Dollars)
-553
-1,001
1,305
4,618
7,618
12,020
18,418
32,244
78,411
192,390
1,021,958
17,177
6,436
16,402
24,062
30,826
38,099
51,090
69,941
104,834
215,054
495,232
2,143,757
61,114
Average
Federal Tax
Rate 5
-9.4
-6.5
5.1
13.0
16.7
19.1
20.8
23.5
26.7
28.0
32.3
21.9
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) 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.
Without
Credit
-9.4
-6.5
5.1
13.0
16.7
19.1
20.8
23.5
26.7
28.0
32.3
21.9