1-Aug-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 T11-0244
Limit Benefit of Specified Tax Expenditures to 2 Percent of AGI for High-Income Taxpayers
Baseline: Current Law
1
Distribution of Federal Tax Change by Cash Income Percentile, 2013
Summary Table
Tax Units with Tax Increase or Cut 4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
With Tax Cut
Pct of Tax
Avg Tax Cut
Units
With Tax Increase
Pct of Tax
Avg Tax
Units
Increase
Percent
Change in
After-Tax
5
Income
Share of
Total
Federal Tax
Change
Average
Federal Tax
Change ($)
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
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
11.9
1.7
0
0
0
0
18,864
18,864
0.0
0.0
0.0
0.0
-1.2
-0.6
0.0
0.0
0.0
0.0
100.0
100.0
0
0
0
0
2,240
324
0.0
0.0
0.0
0.0
0.8
0.5
3.8
10.8
17.4
21.4
30.0
24.1
0.0
0.0
0.0
0.0
0.0
0
0
0
0
0
0.1
0.8
41.5
66.5
60.0
435
1,477
5,490
53,167
277,578
0.0
0.0
-0.9
-3.1
-3.5
0.0
0.1
20.3
79.6
38.4
0
11
2,277
35,373
166,423
0.0
0.0
0.7
2.0
2.1
24.6
25.9
28.6
37.3
41.5
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-2).
Number of AMT Taxpayers (millions). Baseline: 21.0
Proposal: 20.9
* Less than 0.05
** Insufficient data
(1) Calendar year. Baseline is current law. Proposal would limit the value of itemized deductions, the exclusion for employer-sponsored health insurance premiums, and the child
and dependent care and general business tax credits to two percent of a taxpayer's adjusted gross income. The cap would phase in for married couples with AGI between
$250,000 and $500,000 and for singles and heads of household with AGI between $200,000 and $400,000, indexed for inflation after 2009.
(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 classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The
breaks are (in 2011 dollars): 20% $17,910; 40% $37,091; 60% $64,533; 80% $111,349; 90% $160,384; 95% $227,324; 99% $593,011; 99.9% $2,682,257.
(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.
1-Aug-11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11-0244
Limit Benefit of Specified Tax Expenditures to 2 Percent of AGI for High-Income Taxpayers
Baseline: Current Law
1
Distribution of Federal Tax Change by Cash Income Percentile, 2013
Detail Table
Percent of Tax Units
Cash Income Percentile2,3
With Tax
Increase
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
4
Percent Change
in After-Tax
Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate
Change (%
Points)
6
Under the
Proposal
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
11.9
1.7
0.0
0.0
0.0
0.0
-1.2
-0.6
0.0
0.0
0.0
0.0
100.0
100.0
0
0
0
0
2,240
324
0.0
0.0
0.0
0.0
2.8
1.9
0.0
-0.1
-0.2
-0.3
0.6
0.0
0.6
3.9
10.0
17.5
68.0
100.0
0.0
0.0
0.0
0.0
0.8
0.5
3.8
10.8
17.4
21.4
30.0
24.1
0.0
0.0
0.0
0.0
0.0
0.1
0.8
41.5
66.5
60.0
0.0
0.0
-0.9
-3.1
-3.5
0.0
0.1
20.3
79.6
38.4
0
11
2,277
35,373
166,423
0.0
0.0
2.4
5.7
5.4
-0.3
-0.2
0.1
1.0
0.5
14.0
10.2
16.1
27.6
14.0
0.0
0.0
0.7
2.0
2.1
24.6
25.9
28.6
37.3
41.5
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, 2013 1
Cash Income Percentile
Tax Units
2,3
Number
Lowest Quintile
Second Quintile
Middle Quintile
Top Quintile
All
4
Pre-Tax Income
Percent of
Average
Percent of
Federal Tax Burden
Average (dollars)
Percent of
After-Tax Income
Average (dollars)
5
Percent of
Average
Federal Tax
Rate 6
43,362
37,681
32,699
24,067
166,272
26.1
22.7
19.7
14.5
100.0
10,122
27,586
50,739
272,779
72,381
3.7
8.6
13.8
54.6
100.0
380
2,966
8,815
79,526
17,092
0.6
3.9
10.1
67.4
100.0
9,742
24,621
41,924
193,253
55,290
4.6
10.1
14.9
50.6
100.0
3.8
10.8
17.4
29.2
23.6
12,130
5,919
4,805
1,213
124
7.3
3.6
2.9
0.7
0.1
136,031
193,370
338,609
1,767,267
7,871,135
13.7
9.5
13.5
17.8
8.1
33,514
50,000
94,595
624,138
3,098,558
14.3
10.4
16.0
26.6
13.6
102,516
143,370
244,014
1,143,129
4,772,578
13.5
9.2
12.8
15.1
6.5
24.6
25.9
27.9
35.3
39.4
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-2).
Number of AMT Taxpayers (millions). Baseline: 21.0
Proposal: 20.9
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would limit the value of itemized deductions, the exclusion for employer-sponsored health insurance premiums, and the child and dependent care and general
business tax credits to two percent of a taxpayer's adjusted gross income. The cap would phase in for married couples with AGI between $250,000 and $500,000 and for singles and heads of household with AGI
between $200,000 and $400,000, indexed for inflation after 2009.
(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 classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The breaks are (in 2011 dollars): 20%
$17,910; 40% $37,091; 60% $64,533; 80% $111,349; 90% $160,384; 95% $227,324; 99% $593,011; 99.9% $2,682,257.
(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.
1-Aug-11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11-0244
Limit Benefit of Specified Tax Expenditures to 2 Percent of AGI for High-Income Taxpayers
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2013 1
Detail Table
Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent of Tax Units4
With Tax Cut
With Tax
Increase
Percent Change
in After-Tax
5
Income
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
9.3
1.7
0.0
0.0
0.0
0.0
-1.1
-0.6
0.0
0.0
0.0
0.0
100.0
100.0
0
0
0
0
1,758
324
0.0
0.0
0.0
0.0
2.7
1.9
0.0
-0.1
-0.2
-0.3
0.5
0.0
0.1
2.8
8.1
16.7
72.1
100.0
0.0
0.0
0.0
0.0
0.8
0.5
1.1
9.4
15.9
20.8
29.5
24.1
0.0
0.0
0.0
0.0
0.0
*
0.9
30.7
62.5
59.5
0.0
0.0
-0.8
-3.0
-3.5
0.0
0.1
19.6
80.3
40.2
0
8
1,734
29,526
146,348
0.0
0.0
2.2
5.5
5.4
-0.3
-0.2
0.1
1.0
0.5
14.9
11.3
17.2
28.7
14.7
0.0
0.0
0.6
1.9
2.1
24.2
25.7
28.2
37.0
41.5
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 Adjusted for Family Size, 2013 1
Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Top Quintile
All
Tax Units4
Number
Pre-Tax Income
Percent of
Average
Percent of
Federal Tax Burden
Average (dollars)
Percent of
After-Tax Income 5
Average (dollars)
Percent of
Average
Federal Tax
6
Rate
36,065
34,713
33,034
30,666
166,272
21.7
20.9
19.9
18.4
100.0
9,430
24,668
44,764
230,715
72,381
2.8
7.1
12.3
58.8
100.0
105
2,308
7,106
66,367
17,092
0.1
2.8
8.3
71.6
100.0
9,325
22,360
37,658
164,348
55,290
3.7
8.4
13.5
54.8
100.0
1.1
9.4
15.9
28.8
23.6
15,414
7,701
6,085
1,466
148
9.3
4.6
3.7
0.9
0.1
115,967
165,716
289,779
1,533,122
6,917,786
14.9
10.6
14.7
18.7
8.5
28,051
42,629
79,971
537,322
2,722,903
15.2
11.6
17.1
27.7
14.2
87,916
123,087
209,807
995,799
4,194,883
14.7
10.3
13.9
15.9
6.8
24.2
25.7
27.6
35.1
39.4
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-2).
Number of AMT Taxpayers (millions). Baseline: 21.0
Proposal: 20.9
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would limit the value of itemized deductions, the exclusion for employer-sponsored health insurance premiums, and the child and dependent care and
general business tax credits to two percent of a taxpayer's adjusted gross income. The cap would phase in for married couples with AGI between $250,000 and $500,000 and for singles and heads of household
with AGI between $200,000 and $400,000, indexed for inflation after 2009.
(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 classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for
family size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2011 dollars): 20% $12,691; 40% $24,715; 60% $41,205; 80% $67,703; 90% $97,820;
95% $138,778; 99% $358,616; 99.9% $1,621,247.
(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.
1-Aug-11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11-0244
Limit Benefit of Specified Tax Expenditures to 2 Percent of AGI for High-Income Taxpayers
Baseline: Current Law
1
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2013
Detail Table - Single Tax Units
Percent of Tax Units
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
4
With Tax
Increase
Percent Change in
After-Tax Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change (%
Points)
Under the
Proposal
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
4.6
0.6
0.0
0.0
0.0
0.0
-0.8
-0.3
0.0
0.0
0.0
0.0
100.0
100.0
0
0
0
0
844
101
0.0
0.0
0.0
0.0
1.9
1.2
0.0
-0.1
-0.1
-0.2
0.4
0.0
1.4
4.8
12.0
19.6
62.0
100.0
0.0
0.0
0.0
0.0
0.6
0.3
5.7
9.1
15.9
21.6
30.3
22.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
13.2
56.0
59.3
0.0
0.0
-0.2
-3.2
-4.3
0.0
0.0
7.7
92.3
49.2
0
0
350
20,490
119,413
0.0
0.0
0.6
5.2
5.5
-0.2
-0.1
-0.1
0.8
0.5
15.3
10.7
14.6
21.5
10.8
0.0
0.0
0.2
2.0
2.4
25.3
27.1
28.4
40.1
45.9
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 Adjusted for Family Size, 2013 1
Cash Income Percentile
Tax Units
2,3
Number
Lowest Quintile
Second Quintile
Middle Quintile
Top Quintile
All
4
Percent of
Pre-Tax Income
Average (dollars)
Percent of
Federal Tax Burden
Average (dollars)
Percent of
After-Tax Income
Average (dollars)
5
Percent of
Average
Federal Tax
Rate 6
23,198
19,587
15,802
9,604
80,622
28.8
24.3
19.6
11.9
100.0
7,467
19,069
33,699
150,063
39,043
5.5
11.9
16.9
45.8
100.0
422
1,739
5,347
44,630
8,637
1.4
4.9
12.1
61.6
100.0
7,045
17,329
28,352
105,433
30,407
6.7
13.9
18.3
41.3
100.0
5.7
9.1
15.9
29.7
22.1
5,116
2,332
1,790
365
33
6.4
2.9
2.2
0.5
0.0
83,160
118,552
202,277
1,033,246
4,968,941
13.5
8.8
11.5
12.0
5.3
21,007
32,161
57,181
393,929
2,162,383
15.4
10.8
14.7
20.7
10.4
62,152
86,391
145,096
639,317
2,806,558
13.0
8.2
10.6
9.5
3.8
25.3
27.1
28.3
38.1
43.5
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
6
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-2).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would limit the value of itemized deductions, the exclusion for employer-sponsored health insurance premiums, and the child and dependent care and general
business tax credits to two percent of a taxpayer's adjusted gross income. The cap would phase in for married couples with AGI between $250,000 and $500,000 and for singles and heads of household with AGI
between $200,000 and $400,000, indexed for inflation after 2009.
(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 classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for
family size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2011 dollars): 20% $12,691; 40% $24,715; 60% $41,205; 80% $67,703; 90% $97,820; 95%
$138,778; 99% $358,616; 99.9% $1,621,247.
(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.
1-Aug-11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11-0244
Limit Benefit of Specified Tax Expenditures to 2 Percent of AGI for High-Income Taxpayers
Baseline: Current Law
1
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2013
Detail Table - Married Tax Units Filing Jointly
Percent of Tax Units
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
4
With Tax
Increase
Percent Change
in After-Tax
Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
Average Federal Tax Rate
Change (%
Points)
6
Under the
Proposal
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
11.7
3.9
0.0
0.0
0.0
0.0
-1.1
-0.7
0.0
0.0
0.0
0.0
100.0
100.0
0
0
0
0
2,212
739
0.0
0.0
0.0
0.0
2.8
2.2
0.0
0.0
-0.1
-0.3
0.5
0.0
0.0
1.3
5.2
14.8
78.6
100.0
0.0
0.0
0.0
0.0
0.8
0.6
0.5
10.8
15.2
20.3
29.3
25.7
0.0
0.0
0.0
0.0
0.0
0.0
1.2
38.1
64.7
59.5
0.0
0.0
-1.0
-2.9
-3.3
0.0
0.1
22.0
77.9
37.5
0
9
2,338
31,911
150,930
0.0
0.0
2.6
5.5
5.3
-0.3
-0.3
0.1
1.0
0.5
15.0
12.2
19.0
32.3
16.2
0.0
0.0
0.7
1.9
2.0
23.8
25.3
28.2
36.2
40.5
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 Adjusted for Family Size, 2013 1
Cash Income Percentile
Tax Units
2,3
Number
Lowest Quintile
Second Quintile
Middle Quintile
Top Quintile
All
4
Percent of
Pre-Tax Income
Average (dollars)
Percent of
Federal Tax Burden
Average
Percent of
After-Tax Income
Average (dollars)
5
Percent of
Average
Federal Tax
Rate 6
4,398
6,664
11,624
19,298
57,802
7.6
11.5
20.1
33.4
100.0
14,027
35,110
58,324
274,004
132,789
0.8
3.1
8.8
68.9
100.0
75
3,806
8,836
78,020
33,360
0.0
1.3
5.3
78.1
100.0
13,952
31,304
49,488
195,984
99,430
1.1
3.6
10.0
65.8
100.0
0.5
10.8
15.2
28.5
25.1
9,190
5,048
4,018
1,042
106
15.9
8.7
7.0
1.8
0.2
135,542
188,768
331,401
1,686,659
7,429,691
16.2
12.4
17.4
22.9
10.3
32,198
47,792
91,007
578,470
2,859,921
15.4
12.5
19.0
31.3
15.7
103,344
140,976
240,394
1,108,189
4,569,770
16.5
12.4
16.8
20.1
8.4
23.8
25.3
27.5
34.3
38.5
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-2).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would limit the value of itemized deductions, the exclusion for employer-sponsored health insurance premiums, and the child and dependent care and general
business tax credits to two percent of a taxpayer's adjusted gross income. The cap would phase in for married couples with AGI between $250,000 and $500,000 and for singles and heads of household with AGI
between $200,000 and $400,000, indexed for inflation after 2009.
(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 classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for
family size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2011 dollars): 20% $12,691; 40% $24,715; 60% $41,205; 80% $67,703; 90% $97,820; 95%
$138,778; 99% $358,616; 99.9% $1,621,247.
(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.
1-Aug-11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11-0244
Limit Benefit of Specified Tax Expenditures to 2 Percent of AGI for High-Income Taxpayers
Baseline: Current Law
1
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2013
Detail Table - Head of Household Tax Units
Percent of Tax Units
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
4
With Tax
Increase
Percent Change
in After-Tax
Income5
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
Average Federal Tax Rate
Change (%
Points)
6
Under the
Proposal
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
6.6
0.3
0.0
0.0
0.0
0.0
-0.7
-0.1
0.0
0.0
0.0
0.0
100.0
100.0
0
0
0
0
838
42
0.0
0.0
0.0
0.0
1.8
0.7
0.0
-0.1
-0.2
-0.2
0.4
0.0
-4.1
11.8
25.9
28.1
38.2
100.0
0.0
0.0
0.0
0.0
0.5
0.1
-6.4
7.9
17.4
21.6
27.7
15.9
0.0
0.0
0.0
0.0
0.0
0.1
1.6
30.1
65.7
53.4
0.0
0.0
-0.8
-2.6
-2.6
0.0
0.3
27.3
72.5
28.9
0
12
1,553
22,950
103,187
0.0
0.0
2.3
4.8
4.0
-0.1
0.0
0.1
0.4
0.2
14.0
5.7
8.1
10.5
4.9
0.0
0.0
0.6
1.7
1.6
24.7
25.6
26.2
36.9
41.1
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 Adjusted for Family Size, 2013 1
Cash Income Percentile
Tax Units
2,3
Number
Lowest Quintile
Second Quintile
Middle Quintile
Top Quintile
All
4
Percent of
Pre-Tax Income
Average
Federal Tax Burden
Percent of
Average (dollars)
Percent of
After-Tax Income
Average
5
Percent of
Average
Federal Tax
Rate 6
8,232
8,034
4,869
1,263
25,256
32.6
31.8
19.3
5.0
100.0
12,526
29,745
49,199
175,207
39,986
10.2
23.7
23.7
21.9
100.0
-801
2,363
8,538
47,675
6,311
-4.1
11.9
26.1
37.8
100.0
13,327
27,382
40,661
127,531
33,675
12.9
25.9
23.3
18.9
100.0
-6.4
7.9
17.4
27.2
15.8
814
230
186
33
3
3.2
0.9
0.7
0.1
0.0
111,657
154,037
266,330
1,361,869
6,471,563
9.0
3.5
4.9
4.5
1.9
27,609
39,378
68,177
479,426
2,558,692
14.1
5.7
7.9
10.1
4.8
84,048
114,659
198,153
882,443
3,912,871
8.0
3.1
4.3
3.5
1.4
24.7
25.6
25.6
35.2
39.5
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-2).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would limit the value of itemized deductions, the exclusion for employer-sponsored health insurance premiums, and the child and dependent care and
general business tax credits to two percent of a taxpayer's adjusted gross income. The cap would phase in for married couples with AGI between $250,000 and $500,000 and for singles and heads of
household with AGI between $200,000 and $400,000, indexed for inflation after 2009.
(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 classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted for
family size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2011 dollars): 20% $12,691; 40% $24,715; 60% $41,205; 80% $67,703; 90% $97,820;
95% $138,778; 99% $358,616; 99.9% $1,621,247.
(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.
1-Aug-11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11-0244
Limit Benefit of Specified Tax Expenditures to 2 Percent of AGI for High-Income Taxpayers
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2013 1
Detail Table - Tax Units with Children
Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent of Tax Units4
With Tax Cut
With Tax
Increase
Percent Change
in After-Tax
5
Income
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
16.7
2.8
0.0
0.0
0.0
0.0
-1.3
-0.7
0.0
0.0
0.0
0.0
100.0
100.0
0
0
0
0
2,766
467
0.0
0.0
0.0
0.0
3.1
2.1
0.0
-0.1
-0.2
-0.4
0.7
0.0
-1.0
2.9
9.8
20.2
67.9
100.0
0.0
0.0
0.0
0.0
0.9
0.5
-8.2
9.0
18.1
22.6
30.6
24.5
0.0
0.0
0.0
0.0
0.0
*
3.3
65.5
74.7
63.4
0.0
0.0
-1.8
-3.2
-3.2
0.0
0.3
34.2
65.6
27.1
0
32
4,966
39,603
177,771
0.0
0.1
4.4
5.6
4.9
-0.3
-0.2
0.4
0.8
0.3
15.4
10.4
16.6
25.5
11.9
0.0
0.0
1.3
2.0
1.9
25.5
26.7
30.0
38.1
41.5
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 Adjusted for Family Size, 2013 1
Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Top Quintile
All
Tax Units4
Number
Percent of
Pre-Tax Income
Average
Percent of
Federal Tax Burden
Average (dollars)
Percent of
After-Tax Income 5
Average
Percent of
Average
Federal Tax
6
Rate
10,088
10,789
10,009
8,349
49,418
20.4
21.8
20.3
16.9
100.0
13,356
33,957
60,740
298,935
93,026
2.9
8.0
13.2
54.3
100.0
-1,101
3,050
11,001
88,779
22,303
-1.0
3.0
10.0
67.3
100.0
14,456
30,907
49,739
210,156
70,722
4.2
9.5
14.2
50.2
100.0
-8.2
9.0
18.1
29.7
24.0
4,396
1,981
1,589
382
35
8.9
4.0
3.2
0.8
0.1
154,877
221,864
392,402
1,966,324
9,174,185
14.8
9.6
13.6
16.4
7.0
39,479
59,127
112,658
710,077
3,627,835
15.8
10.6
16.3
24.6
11.6
115,398
162,737
279,744
1,256,247
5,546,350
14.5
9.2
12.7
13.7
5.6
25.5
26.7
28.7
36.1
39.5
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
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 law. Proposal would limit the value of itemized deductions, the exclusion for employer-sponsored health insurance premiums, and the child and dependent care and
general business tax credits to two percent of a taxpayer's adjusted gross income. The cap would phase in for married couples with AGI between $250,000 and $500,000 and for singles and heads of
household with AGI between $200,000 and $400,000, indexed for inflation after 2009.
(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 classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted
for family size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2011 dollars): 20% $12,691; 40% $24,715; 60% $41,205; 80% $67,703; 90%
$97,820; 95% $138,778; 99% $358,616; 99.9% $1,621,247.
(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.
1-Aug-11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11-0244
Limit Benefit of Specified Tax Expenditures to 2 Percent of AGI for High-Income Taxpayers
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2013 1
Detail Table - Elderly Tax Units
Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent of Tax Units4
With Tax Cut
With Tax
Increase
Percent Change
in After-Tax
5
Income
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Share of Federal Taxes
Change (%
Points)
Percent
Under the
Proposal
Average Federal Tax Rate6
Change (%
Points)
Under the
Proposal
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
6.3
1.2
0.0
0.0
0.0
0.0
-1.1
-0.6
0.0
0.0
0.0
0.0
100.0
100.0
0
0
0
0
1,817
339
0.0
0.0
0.0
0.0
2.8
2.4
0.0
0.0
-0.1
-0.3
0.4
0.0
0.1
0.6
3.7
10.7
84.8
100.0
0.0
0.0
0.0
0.0
0.8
0.5
0.8
1.8
6.0
13.0
28.5
20.6
0.0
0.0
0.0
0.0
0.0
0.0
0.2
13.9
49.8
60.9
0.0
0.0
-0.2
-3.2
-4.6
0.0
0.0
5.8
94.2
59.8
0
0
471
27,670
171,288
0.0
0.0
0.7
5.5
6.7
-0.3
-0.3
-0.3
1.2
0.9
11.6
11.0
20.2
42.0
22.3
0.0
0.0
0.2
2.0
2.7
18.8
22.2
26.4
38.5
43.8
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 Adjusted for Family Size, 2013 1
Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Top Quintile
All
Tax Units4
Number
Percent of
Pre-Tax Income
Average
Federal Tax Burden
After-Tax Income 5
Average (dollars)
Percent of
Average
Federal Tax
6
Rate
Percent of
Average
Percent of
5,988
9,396
8,334
6,913
37,068
16.2
25.4
22.5
18.7
100.0
9,531
20,198
40,053
232,751
71,055
2.2
7.2
12.7
61.1
100.0
75
366
2,383
64,617
14,265
0.1
0.7
3.8
84.5
100.0
9,456
19,832
37,669
168,134
56,790
2.7
8.9
14.9
55.2
100.0
0.8
1.8
6.0
27.8
20.1
3,175
1,753
1,557
427
44
8.6
4.7
4.2
1.2
0.1
105,683
152,604
266,474
1,382,440
6,274,992
12.7
10.2
15.8
22.4
10.4
19,828
33,855
69,807
504,552
2,577,223
11.9
11.2
20.6
40.8
21.4
85,855
118,749
196,667
877,887
3,697,769
13.0
9.9
14.6
17.8
7.7
18.8
22.2
26.2
36.5
41.1
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
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 law. Proposal would limit the value of itemized deductions, the exclusion for employer-sponsored health insurance premiums, and the child and dependent care and
general business tax credits to two percent of a taxpayer's adjusted gross income. The cap would phase in for married couples with AGI between $250,000 and $500,000 and for singles and heads of
household with AGI between $200,000 and $400,000, indexed for inflation after 2009.
(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 classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The incomes used are adjusted
for family size by dividing by the square root of the number of people in the tax unit. The resulting percentile breaks are (in 2011 dollars): 20% $12,691; 40% $24,715; 60% $41,205; 80% $67,703; 90%
$97,820; 95% $138,778; 99% $358,616; 99.9% $1,621,247.
(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.