31‐Oct‐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 T11‐0379
Governor Rick Perry's Tax Reform Plan
Baseline: Current Policy
Distribution of Federal Tax Change by Cash Income Percentile, 2015 1
Summary Table
Tax Units with Tax Increase or Cut 4
Cash Income Percentile
2,3
With Tax Cut
Pct of Tax Units
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Avg Tax Cut
With Tax Increase
Avg Tax Increase
Pct of Tax Units
Percent Change in After‐Tax Income5
Share of Total Federal Tax Change
Average Federal Tax Change ($)
Average Federal Tax Rate 6
Change (% Points)
Under the Proposal
18.9
27.0
39.7
56.5
83.3
40.5
‐223
‐616
‐1,338
‐2,459
‐28,519
‐9,508
24.4
59.4
58.0
42.9
16.6
40.8
827
1,040
892
1,323
1,679
1,053
‐1.4
‐1.6
0.0
1.1
10.4
5.3
‐1.2
‐3.0
0.1
4.0
100.0
100.0
160
452
‐13
‐822
‐23,226
‐3,383
1.4
1.5
0.0
‐0.9
‐7.7
‐4.2
3.4
10.6
15.9
18.5
18.1
16.8
73.2
91.1
95.7
97.0
99.0
‐4,229
‐7,987
‐29,983
‐296,845
‐1,556,660
26.6
8.8
4.3
3.0
1.0
1,424
1,934
2,745
14,380
174,346
2.3
4.3
10.1
21.3
27.4
5.9
7.5
24.4
62.2
34.2
‐2,719
‐7,051
‐28,243
‐283,903
‐1,521,079
‐1.8
‐3.3
‐7.5
‐14.8
‐18.2
20.2
20.0
17.8
15.7
15.3
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: 6.1 Proposal: 1.7
* Less than 0.05
** Insufficient data
(1) Calendar year. Baseline is current policy. Proposal implements Governor Rick Perry's tax reform plan. For a detailed description of TPC's interpretation of Governor Perry's plan, see http://www.taxpolicycenter.org/taxtopics/Perry‐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) 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% $19,342; 40% $39,862; 60% $69,074; 80% $119,546; 90% $169,987; 95% $242,597; 99% $629,809; 99.9% $2,868,534.
(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. 31‐Oct‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0379
Governor Rick Perry's Tax Reform Plan
Baseline: Current Policy
Distribution of Federal Tax Change by Cash Income Percentile, 2015 1
Detail Table
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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 Rate6
Change (% Points)
Under the Proposal
18.9
27.0
39.7
56.5
83.3
40.5
24.4
59.4
58.0
42.9
16.6
40.8
‐1.4
‐1.6
0.0
1.1
10.4
5.3
‐1.2
‐3.0
0.1
4.0
100.0
100.0
160
452
‐13
‐822
‐23,226
‐3,383
70.5
16.0
‐0.1
‐4.4
‐29.9
‐20.0
0.4
1.7
2.6
3.6
‐8.3
0.0
0.7
5.5
13.1
21.9
58.7
100.0
1.4
1.5
0.0
‐0.9
‐7.7
‐4.2
3.4
10.6
15.9
18.5
18.1
16.8
73.2
91.1
95.7
97.0
99.0
26.6
8.8
4.3
3.0
1.0
2.3
4.3
10.1
21.3
27.4
5.9
7.5
24.4
62.2
34.2
‐2,719
‐7,051
‐28,243
‐283,903
‐1,521,079
‐8.2
‐14.2
‐29.8
‐48.6
‐54.4
2.1
0.8
‐2.0
‐9.2
‐5.4
16.5
11.3
14.4
16.5
7.2
‐1.8
‐3.3
‐7.5
‐14.8
‐18.2
20.2
20.0
17.8
15.7
15.3
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, 2015 1
Tax Units4
Pre‐Tax Income
Federal Tax Burden
5
After‐Tax Income 2,3
Cash Income Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number (thousands)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average Federal Tax Rate 6
43,801
38,297
33,246
27,764
24,598
168,946
25.9
22.7
19.7
16.4
14.6
100.0
11,368
30,850
56,491
97,100
301,089
80,584
3.7
8.7
13.8
19.8
54.4
100.0
227
2,825
8,968
18,816
77,672
16,888
0.4
3.8
10.5
18.3
67.0
100.0
11,141
28,026
47,523
78,284
223,417
63,696
4.5
10.0
14.7
20.2
51.1
100.0
2.0
9.2
15.9
19.4
25.8
21.0
12,369
6,040
4,936
1,253
129
7.3
3.6
2.9
0.7
0.1
150,582
213,273
375,241
1,918,232
8,360,965
13.7
9.5
13.6
17.7
7.9
33,145
49,634
94,854
584,752
2,798,765
14.4
10.5
16.4
25.7
12.6
117,437
163,638
280,388
1,333,480
5,562,200
13.5
9.2
12.9
15.5
6.7
22.0
23.3
25.3
30.5
33.5
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: 6.1 Proposal: 1.7
* Less than 0.05
(1) Calendar year. Baseline is current policy. Proposal implements Governor Rick Perry's tax reform plan. For a detailed description of TPC's interpretation of Governor Perry's plan, see http://www.taxpolicycenter.org/taxtopics/Perry‐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) 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% $19,342; 40% $39,862; 60% $69,074; 80% $119,546; 90% $169,987; 95% $242,597; 99% $629,809; 99.9% $2,868,534.
(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. 31‐Oct‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0379
Governor Rick Perry's Tax Reform Plan
Baseline: Current Policy
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2015 1
Detail Table
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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 Rate6
Change (% Points)
Under the Proposal
14.8
27.2
44.4
44.1
77.9
40.5
29.1
48.8
50.4
55.2
21.8
40.8
‐3.2
‐1.7
0.3
0.6
9.8
5.3
‐2.2
‐2.7
0.7
2.3
101.6
100.0
342
435
‐123
‐423
‐18,494
‐3,383
‐163.9
20.7
‐1.7
‐2.6
‐28.4
‐20.0
0.5
1.3
1.9
3.8
‐7.5
0.0
0.2
3.9
10.2
21.3
64.2
100.0
3.2
1.6
‐0.3
‐0.5
‐7.3
‐4.2
1.3
9.2
13.9
18.5
18.3
16.8
65.3
86.4
94.4
96.5
98.9
34.2
13.3
5.6
3.5
1.1
1.9
3.9
9.1
21.1
27.4
5.2
7.6
23.9
65.0
35.8
‐1,886
‐5,488
‐21,846
‐245,483
‐1,351,668
‐6.7
‐12.9
‐27.2
‐48.7
‐54.5
2.6
1.1
‐1.6
‐9.6
‐5.7
18.2
12.9
16.0
17.1
7.5
‐1.5
‐3.0
‐6.8
‐14.7
‐18.2
20.5
20.4
18.2
15.5
15.2
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, 2015 1
Tax Units4
Pre‐Tax Income
Federal Tax Burden
5
After‐Tax Income 2,3
Cash Income Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number (thousands)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average Federal Tax Rate 6
36,457
35,217
33,605
31,021
31,406
168,946
21.6
20.9
19.9
18.4
18.6
100.0
10,602
27,635
49,901
84,761
254,525
80,584
2.8
7.2
12.3
19.3
58.7
100.0
‐209
2,096
7,077
16,082
65,158
16,888
‐0.3
2.6
8.3
17.5
71.7
100.0
10,811
25,539
42,824
68,678
189,367
63,696
3.7
8.4
13.4
19.8
55.3
100.0
‐2.0
7.6
14.2
19.0
25.6
21.0
15,725
7,925
6,244
1,512
151
9.3
4.7
3.7
0.9
0.1
128,613
182,258
320,925
1,668,229
7,425,020
14.9
10.6
14.7
18.5
8.3
28,299
42,637
80,344
503,719
2,482,548
15.6
11.8
17.6
26.7
13.2
100,314
139,621
240,582
1,164,510
4,942,473
14.7
10.3
14.0
16.4
7.0
22.0
23.4
25.0
30.2
33.4
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: 6.1 Proposal: 1.7
* Less than 0.05
(1) Calendar year. Baseline is current policy. Proposal implements Governor Rick Perry's tax reform plan. For a detailed description of TPC's interpretation of Governor Perry's plan, see http://www.taxpolicycenter.org/taxtopics/Perry‐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) 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% $13,687; 40% $26,567; 60% $44,163; 80% $72,423; 90% $104,181; 95% $147,975; 99% $384,375; 99.9% $1,764,281.
(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. 31‐Oct‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0379
Governor Rick Perry's Tax Reform Plan
Baseline: Current Policy
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2015 1
Detail Table ‐ Single Tax Units
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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 Rate6
Change (% Points)
Under the Proposal
18.2
30.6
31.5
29.9
80.1
33.2
12.7
34.1
61.7
69.2
19.2
36.4
‐0.8
‐0.3
‐0.1
0.4
9.9
4.2
‐1.3
‐1.0
‐0.5
1.9
100.6
100.0
67
59
40
‐190
‐12,288
‐1,495
17.7
3.3
0.7
‐1.5
‐28.2
‐17.0
0.5
1.2
2.6
3.9
‐8.2
0.0
1.7
6.1
15.0
24.7
52.3
100.0
0.8
0.3
0.1
‐0.3
‐7.3
‐3.4
5.3
8.7
15.0
20.3
18.7
16.6
70.9
86.9
93.0
96.2
98.4
28.1
12.4
7.0
3.8
1.6
2.3
4.6
9.0
24.8
32.6
6.8
9.5
23.6
60.8
32.0
‐1,591
‐4,576
‐15,251
‐192,046
‐1,129,934
‐7.4
‐14.2
‐27.6
‐53.8
‐58.4
1.8
0.4
‐1.9
‐8.5
‐4.6
17.4
11.6
12.7
10.7
4.7
‐1.7
‐3.5
‐6.8
‐17.0
‐20.9
21.6
21.0
17.8
14.6
14.9
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, 2015 1
Tax Units4
Pre‐Tax Income
Federal Tax Burden
5
After‐Tax Income 2,3
Cash Income Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number (thousands)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average Federal Tax Rate 6
23,196
19,667
15,891
11,931
9,954
81,336
28.5
24.2
19.5
14.7
12.2
100.0
8,395
21,310
37,519
60,761
167,534
44,116
5.4
11.7
16.6
20.2
46.5
100.0
378
1,790
5,588
12,520
43,578
8,815
1.2
4.9
12.4
20.8
60.5
100.0
8,017
19,520
31,931
48,240
123,956
35,301
6.5
13.4
17.7
20.1
43.0
100.0
4.5
8.4
14.9
20.6
26.0
20.0
5,175
2,512
1,882
385
34
6.4
3.1
2.3
0.5
0.0
92,340
131,560
225,150
1,132,088
5,399,109
13.3
9.2
11.8
12.1
5.2
21,566
32,142
55,276
357,136
1,934,445
15.6
11.3
14.5
19.2
9.3
70,774
99,419
169,874
774,952
3,464,664
12.8
8.7
11.1
10.4
4.2
23.4
24.4
24.6
31.6
35.8
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 policy. Proposal implements Governor Rick Perry's tax reform plan. For a detailed description of TPC's interpretation of Governor Perry's plan, see http://www.taxpolicycenter.org/taxtopics/Perry‐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) 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% $13,687; 40% $26,567; 60% $44,163; 80% $72,423; 90% $104,181; 95% $147,975; 99% $384,375; 99.9% $1,764,281.
(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. 31‐Oct‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0379
Governor Rick Perry's Tax Reform Plan
Baseline: Current Policy
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2015 1
Detail Table ‐ Married Tax Units Filing Jointly
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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 Rate6
Change (% Points)
Under the Proposal
13.2
30.9
65.7
55.5
76.9
58.5
49.9
54.3
29.6
44.0
23.0
35.6
‐5.6
‐2.5
0.9
0.8
9.7
6.5
‐0.9
‐1.4
1.4
2.3
98.5
100.0
914
905
‐506
‐650
‐21,834
‐7,395
‐123.9
30.4
‐6.0
‐3.5
‐28.4
‐22.6
0.2
0.7
1.1
3.8
‐5.8
0.0
0.1
1.8
6.4
19.0
72.7
100.0
5.9
2.3
‐0.8
‐0.6
‐7.2
‐5.0
1.1
9.9
12.2
17.4
18.2
17.2
61.6
86.4
95.0
96.6
99.2
38.3
13.5
4.9
3.4
0.9
1.7
3.7
9.1
20.1
26.2
4.4
6.9
23.4
63.8
35.0
‐2,028
‐5,943
‐24,963
‐260,765
‐1,406,327
‐6.3
‐12.4
‐27.0
‐47.4
‐53.5
3.3
1.7
‐1.1
‐9.8
‐5.9
19.1
14.4
18.6
20.7
8.9
‐1.4
‐2.9
‐6.8
‐14.1
‐17.6
20.1
20.2
18.4
15.7
15.3
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, 2015 1
Tax Units4
Pre‐Tax Income
Federal Tax Burden
5
After‐Tax Income 2,3
Cash Income Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number (thousands)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average Federal Tax Rate 6
4,463
6,865
11,932
15,574
19,635
58,870
7.6
11.7
20.3
26.5
33.4
100.0
15,631
39,057
64,653
104,032
302,339
146,762
0.8
3.1
8.9
18.8
68.7
100.0
‐738
2,974
8,422
18,781
76,903
32,659
‐0.2
1.1
5.2
15.2
78.5
100.0
16,369
36,083
56,231
85,252
225,436
114,103
1.1
3.7
10.0
19.8
65.9
100.0
‐4.7
7.6
13.0
18.1
25.4
22.3
9,415
5,079
4,077
1,065
108
16.0
8.6
6.9
1.8
0.2
149,979
208,633
367,942
1,845,234
7,994,782
16.3
12.3
17.4
22.7
10.0
32,134
48,076
92,619
550,063
2,628,985
15.7
12.7
19.6
30.5
14.8
117,845
160,557
275,323
1,295,171
5,365,796
16.5
12.1
16.7
20.5
8.7
21.4
23.0
25.2
29.8
32.9
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 policy. Proposal implements Governor Rick Perry's tax reform plan. For a detailed description of TPC's interpretation of Governor Perry's plan, see http://www.taxpolicycenter.org/taxtopics/Perry‐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) 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% $13,687; 40% $26,567; 60% $44,163; 80% $72,423; 90% $104,181; 95% $147,975; 99% $384,375; 99.9% $1,764,281.
(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. 31‐Oct‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0379
Governor Rick Perry's Tax Reform Plan
Baseline: Current Policy
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2015 1
Detail Table ‐ Head of Household Tax Units
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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 Rate6
Change (% Points)
Under the Proposal
5.5
15.0
35.0
41.9
74.4
21.8
63.2
79.1
63.1
57.7
25.0
65.5
‐5.2
‐3.1
‐0.6
0.3
7.8
‐0.1
760.3
877.9
160.2
‐59.0
‐1,638.2
100.0
801
961
287
‐184
‐11,303
35
‐51.3
48.2
3.4
‐1.1
‐23.1
0.6
4.4
4.9
0.8
‐0.5
‐9.6
0.0
‐4.1
15.4
27.7
29.9
31.1
100.0
5.7
2.9
0.5
‐0.2
‐5.8
0.1
‐5.5
8.9
15.9
19.6
19.3
13.6
68.5
77.4
92.4
98.3
97.7
30.9
21.5
7.6
1.7
2.3
2.4
4.0
9.1
21.2
27.8
‐211.7
‐136.6
‐432.9
‐857.0
‐443.8
‐2,273
‐5,185
‐20,078
‐220,746
‐1,328,449
‐7.9
‐12.8
‐27.9
‐48.0
‐54.3
‐1.3
‐0.8
‐2.5
‐4.9
‐2.6
14.1
5.3
6.4
5.3
2.1
‐1.8
‐3.0
‐6.8
‐14.7
‐18.4
21.4
20.7
17.7
15.9
15.5
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, 2015 1
Tax Units4
Pre‐Tax Income
Federal Tax Burden
5
After‐Tax Income 2,3
Cash Income Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number (thousands)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average Federal Tax Rate 6
8,554
8,234
5,041
2,893
1,307
26,121
32.8
31.5
19.3
11.1
5.0
100.0
13,984
33,302
54,971
83,770
194,776
44,620
10.3
23.5
23.8
20.8
21.8
100.0
‐1,563
1,996
8,428
16,587
48,971
6,035
‐8.5
10.4
27.0
30.4
40.6
100.0
15,547
31,305
46,543
67,182
145,806
38,585
13.2
25.6
23.3
19.3
18.9
100.0
‐11.2
6.0
15.3
19.8
25.1
13.5
840
238
194
35
3
3.2
0.9
0.7
0.1
0.0
124,047
171,264
293,736
1,501,783
7,219,902
8.9
3.5
4.9
4.5
1.9
28,871
40,622
72,007
459,950
2,445,732
15.4
6.1
8.9
10.2
4.7
95,176
130,642
221,728
1,041,833
4,774,170
7.9
3.1
4.3
3.6
1.4
23.3
23.7
24.5
30.6
33.9
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 policy. Proposal implements Governor Rick Perry's tax reform plan. For a detailed description of TPC's interpretation of Governor Perry's plan, see http://www.taxpolicycenter.org/taxtopics/Perry‐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) 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% $13,687; 40% $26,567; 60% $44,163; 80% $72,423; 90% $104,181; 95% $147,975; 99% $384,375; 99.9% $1,764,281.
(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. 31‐Oct‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0379
Governor Rick Perry's Tax Reform Plan
Baseline: Current Policy
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2015 1
Detail Table ‐ Tax Units with Children
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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 Rate6
Change (% Points)
Under the Proposal
2.6
10.3
51.1
54.9
88.4
39.1
73.2
87.8
48.3
45.0
11.6
55.3
‐6.5
‐3.9
0.3
0.5
9.9
4.4
‐6.3
‐8.4
0.8
2.4
111.3
100.0
1,103
1,378
‐144
‐434
‐24,010
‐3,600
‐51.4
61.1
‐1.4
‐2.0
‐27.4
‐16.9
0.9
2.2
1.9
3.8
‐8.7
0.0
‐1.2
4.5
11.8
24.9
59.9
100.0
7.4
3.6
‐0.2
‐0.4
‐7.3
‐3.5
‐7.0
9.6
15.3
19.3
19.3
17.3
82.8
92.8
96.4
97.1
98.7
17.2
7.2
3.6
2.9
1.3
2.5
4.7
10.5
20.7
26.8
7.9
9.7
29.3
64.4
34.5
‐3,245
‐8,789
‐33,282
‐310,018
‐1,774,732
‐8.2
‐14.8
‐28.7
‐45.3
‐52.2
1.7
0.3
‐2.5
‐8.2
‐4.7
18.0
11.4
14.8
15.8
6.4
‐1.9
‐3.6
‐7.7
‐14.2
‐17.7
21.1
20.6
19.0
17.2
16.2
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, 2015 1
Tax Units4
Pre‐Tax Income
Federal Tax Burden
5
After‐Tax Income 2,3
Cash Income Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number (thousands)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average Federal Tax Rate 6
10,299
10,995
10,131
10,153
8,372
50,185
20.5
21.9
20.2
20.2
16.7
100.0
14,919
37,962
67,712
112,761
329,225
102,460
3.0
8.1
13.3
22.3
53.6
100.0
‐2,147
2,258
10,477
22,183
87,561
21,289
‐2.1
2.3
9.9
21.1
68.6
100.0
17,066
35,704
57,235
90,578
241,664
81,172
4.3
9.6
14.2
22.6
49.7
100.0
‐14.4
6.0
15.5
19.7
26.6
20.8
4,416
1,992
1,588
375
35
8.8
4.0
3.2
0.8
0.1
171,499
245,849
434,482
2,183,049
10,034,824
14.7
9.5
13.4
15.9
6.9
39,368
59,371
115,884
684,661
3,400,497
16.3
11.1
17.2
24.0
11.2
132,132
186,478
318,598
1,498,388
6,634,327
14.3
9.1
12.4
13.8
5.7
23.0
24.2
26.7
31.4
33.9
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 policy. Proposal implements Governor Rick Perry's tax reform plan. For a detailed description of TPC's interpretation of Governor Perry's plan, see http://www.taxpolicycenter.org/taxtopics/Perry‐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) 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% $13,687; 40% $26,567; 60% $44,163; 80% $72,423; 90% $104,181; 95% $147,975; 99% $384,375; 99.9% $1,764,281.
(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. 31‐Oct‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T11‐0379
Governor Rick Perry's Tax Reform Plan
Baseline: Current Policy
Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2015 1
Detail Table ‐ Elderly Tax Units
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Cut
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
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 Rate6
Change (% Points)
Under the Proposal
17.6
41.6
73.4
90.0
95.3
62.3
0.6
2.5
14.3
9.0
4.3
6.2
0.2
0.5
1.5
3.6
14.0
8.8
0.1
0.5
2.5
7.0
89.9
100.0
‐19
‐106
‐640
‐2,435
‐28,188
‐5,717
‐25.8
‐27.3
‐26.4
‐27.1
‐45.3
‐42.4
0.0
0.2
1.1
2.9
‐4.3
0.0
0.1
0.9
5.2
13.8
79.9
100.0
‐0.2
‐0.5
‐1.4
‐3.2
‐10.7
‐7.3
0.5
1.3
4.0
8.5
12.9
9.9
93.0
96.9
97.3
98.3
99.6
6.4
2.6
2.7
1.7
0.4
5.0
7.3
11.6
24.8
30.7
7.1
7.8
19.7
55.3
29.0
‐4,892
‐9,792
‐26,841
‐258,168
‐1,346,092
‐26.1
‐30.9
‐40.7
‐56.7
‐59.5
3.3
2.2
0.6
‐10.3
‐6.1
14.7
12.9
21.2
31.1
14.5
‐4.2
‐5.9
‐9.0
‐17.3
‐20.3
11.8
13.2
13.2
13.2
13.8
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, 2015 1
Tax Units4
Pre‐Tax Income
Federal Tax Burden
5
After‐Tax Income 2,3
Cash Income Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number (thousands)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average (dollars)
Percent of Total
Average Federal Tax Rate 6
6,748
9,924
8,724
6,359
7,090
38,882
17.4
25.5
22.4
16.4
18.2
100.0
10,638
22,647
44,646
77,029
263,589
78,233
2.4
7.4
12.8
16.1
61.4
100.0
72
388
2,422
8,994
62,165
13,472
0.1
0.7
4.0
10.9
84.2
100.0
10,565
22,259
42,225
68,035
201,424
64,761
2.8
8.8
14.6
17.2
56.7
100.0
0.7
1.7
5.4
11.7
23.6
17.2
3,205
1,775
1,634
476
48
8.2
4.6
4.2
1.2
0.1
117,227
166,728
296,750
1,495,891
6,639,891
12.4
9.7
15.9
23.4
10.5
18,756
31,730
65,880
455,007
2,260,725
11.5
10.8
20.6
41.4
20.7
98,470
134,997
230,870
1,040,883
4,379,166
12.5
9.5
15.0
19.7
8.3
16.0
19.0
22.2
30.4
34.1
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 policy. Proposal implements Governor Rick Perry's tax reform plan. For a detailed description of TPC's interpretation of Governor Perry's plan, see http://www.taxpolicycenter.org/taxtopics/Perry‐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) 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% $13,687; 40% $26,567; 60% $44,163; 80% $72,423; 90% $104,181; 95% $147,975; 99% $384,375; 99.9% $1,764,281.
(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.