13-Oct-08
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 T08-0236
Preferential Rates for Capital Gains and Qualifying Dividends
Distribution of Federal Tax Benefits by Cash Income Percentile, 2009
Summary Table
Percent of Tax Units 4
Cash Income Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
2,3
With Tax
Benefit
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average
Federal Tax
Benefits ($)
1
Average Federal Tax Rate6
Change due to Pref.
With Pref. Rates
Rates
1.0
5.4
13.1
26.1
52.0
16.1
99.0
94.6
86.9
74.0
48.0
83.9
0.0
0.1
0.1
0.2
2.9
1.6
0.0
0.3
1.0
3.1
95.5
100.0
1
11
48
171
5,877
913
0.0
0.0
-0.1
-0.2
-2.1
-1.2
4.7
10.6
16.8
19.8
26.2
21.7
39.5
53.9
71.8
88.5
95.6
60.5
46.1
28.2
11.5
4.4
0.4
0.7
1.6
7.4
11.2
3.4
3.9
12.7
75.4
51.3
417
994
3,918
91,469
616,071
-0.3
-0.5
-1.2
-4.8
-6.9
22.7
24.4
26.4
29.6
31.3
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-7).
(1) Calendar year. Benefits of the preferential rates on capital gains and qualifying dividends are measured against a current law baseline.
(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 2008 dollars): 20% $18,981, 40% $37,595, 60% $66,354, 80% $111,645, 90% $160,972, 95% $226,918, 99% $603,402, 99.9% $2,871,682.
(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.
13-Oct-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0236
Preferential Rates for Capital Gains and Qualifying Dividends
Distribution of Federal Tax Benefits by Cash Income Percentile, 2009 1
Detail Table
Percent of Tax Units 4
Cash Income Percentile2,3
With Tax Benefit
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to Pref.
Rates
With Pref.
Rates
Average Federal Tax Rate 6
Change due to
Pref. Rates
With Pref. Rates
1.0
5.4
13.1
26.1
52.0
16.1
99.0
94.6
86.9
74.0
48.0
83.9
0.0
0.1
0.1
0.2
2.9
1.6
0.0
0.3
1.0
3.1
95.5
100.0
1
11
48
171
5,877
913
0.2
0.4
0.5
1.0
7.4
5.3
0.0
0.2
0.5
0.8
-1.5
0.0
0.8
4.0
10.7
17.9
66.5
100.0
0.0
0.0
-0.1
-0.2
-2.1
-1.2
4.7
10.6
16.8
19.8
26.2
21.7
39.5
53.9
71.8
88.5
95.6
60.5
46.1
28.2
11.5
4.4
0.4
0.7
1.6
7.4
11.2
3.4
3.9
12.7
75.4
51.3
417
994
3,918
91,469
616,071
1.3
2.1
4.2
14.1
18.0
0.6
0.3
0.2
-2.6
-2.0
14.1
10.4
16.3
25.7
13.0
-0.3
-0.5
-1.2
-4.8
-6.9
22.7
24.4
26.4
29.6
31.3
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, 2009 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number
(thousands)
Percent of Total
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Average
Federal Tax
Rate6
Share of Pre-Tax
Income
Percent of Total
Share of PostTax Income
Percent of
Total
Share of Federal
Taxes
Percent of Total
39,102
32,942
30,075
25,152
22,287
150,241
26.0
21.9
20.0
16.7
14.8
100.0
10,744
28,057
51,924
87,992
279,244
75,289
502
2,992
8,765
17,586
79,106
17,239
10,242
25,065
43,159
70,406
200,138
58,049
4.7
10.7
16.9
20.0
28.3
22.9
3.7
8.2
13.8
19.6
55.0
100.0
4.6
9.5
14.9
20.3
51.1
100.0
0.8
3.8
10.2
17.1
68.1
100.0
11,264
5,439
4,454
1,131
114
7.5
3.6
3.0
0.8
0.1
135,143
192,266
340,985
1,889,937
8,929,410
31,059
47,909
93,817
649,854
3,414,378
104,084
144,357
247,168
1,240,083
5,515,032
23.0
24.9
27.5
34.4
38.2
13.5
9.3
13.4
18.9
9.0
13.4
9.0
12.6
16.1
7.2
13.5
10.1
16.1
28.4
15.0
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-7).
(1) Calendar year. Benefits of the preferential rates on capital gains and qualifying dividends are measured against a current law baseline.
(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 2008 dollars): 20% $18,981, 40% $37,595,
60% $66,354, 80% $111,645, 90% $160,972, 95% $226,918, 99% $603,402, 99.9% $2,871,682.
(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.
13-Oct-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0236
Preferential Rates for Capital Gains and Qualifying Dividends
Distribution of Federal Tax Benefits by Cash Income Percentile Adjusted for Family Size, 2009 1
Detail Table
Percent of Tax Units 4
Cash Income Percentile2,3
With Tax Benefit
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to Pref.
Rates
With Pref.
Rates
Average Federal Tax Rate 6
Change due to
Pref. Rates
With Pref. Rates
0.3
3.8
9.8
22.6
48.1
16.1
99.7
96.2
90.2
77.4
51.9
83.9
0.0
0.0
0.1
0.2
2.8
1.6
0.0
0.1
0.6
2.4
96.9
100.0
0
5
27
115
4,668
913
0.1
0.2
0.4
0.8
7.1
5.3
0.0
0.1
0.4
0.8
-1.4
0.0
0.2
2.7
8.6
17.4
71.0
100.0
0.0
0.0
-0.1
-0.2
-2.0
-1.2
1.1
8.6
15.7
19.5
26.0
21.7
35.4
50.1
68.5
87.5
95.2
64.6
49.9
31.5
12.5
4.8
0.4
0.6
1.4
7.2
11.1
3.2
3.7
12.5
77.6
53.0
308
697
3,046
78,131
538,818
1.2
1.7
3.9
13.9
18.0
0.6
0.4
0.3
-2.7
-2.1
15.3
11.6
17.3
26.8
13.5
-0.3
-0.4
-1.0
-4.8
-6.9
22.7
24.2
26.0
29.4
31.3
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, 2009 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number
(thousands)
Percent of Total
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Average
Federal Tax
Rate6
Share of Pre-Tax
Income
Percent of Total
Share of PostTax Income
Percent of
Total
Share of Federal
Taxes
Percent of Total
32,429
30,972
29,186
28,494
28,475
150,241
21.6
20.6
19.4
19.0
19.0
100.0
10,059
25,261
46,073
76,773
235,357
75,289
112
2,167
7,269
15,057
65,855
17,239
9,946
23,095
38,805
61,716
169,502
58,049
1.1
8.6
15.8
19.6
28.0
22.9
2.9
6.9
11.9
19.3
59.3
100.0
3.7
8.2
13.0
20.2
55.3
100.0
0.1
2.6
8.2
16.6
72.4
100.0
14,316
7,191
5,606
1,362
135
9.5
4.8
3.7
0.9
0.1
115,555
163,422
292,160
1,640,591
7,862,950
26,521
40,173
78,935
561,047
2,999,466
89,034
123,249
213,226
1,079,544
4,863,484
23.0
24.6
27.0
34.2
38.2
14.6
10.4
14.5
19.8
9.4
14.6
10.2
13.7
16.9
7.5
14.7
11.2
17.1
29.5
15.6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-7).
(1) Calendar year. Benefits of the preferential rates on capital gains and qualifying dividends are measured against a current law baseline.
(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 2008 dollars): 20% $12,921, 40% $24,393, 60% $41,924, 80% $67,748, 90% $96,780, 95% $137,143, 99% $359,711, 99.9% $1,730,730.
(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.
13-Oct-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0236
Preferential Rates for Capital Gains and Qualifying Dividends
Distribution of Federal Tax Benefits by Cash Income Percentile Adjusted for Family Size, 2009 1
Detail Table - Single Tax Units
Percent of Tax Units 4
Cash Income Percentile2,3
With Tax Benefit
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to Pref.
Rates
With Pref.
Rates
Average Federal Tax Rate 6
Change due to
Pref. Rates
With Pref. Rates
0.4
4.6
9.7
18.6
42.0
11.7
99.6
95.4
90.3
81.4
58.0
88.3
0.0
0.0
0.1
0.2
2.6
1.2
0.0
0.4
1.3
3.6
94.7
100.0
0
6
28
88
2,810
398
0.0
0.3
0.5
0.8
6.6
4.2
0.1
0.2
0.5
0.7
-1.5
0.0
1.6
5.2
12.8
20.6
59.6
100.0
0.0
0.0
-0.1
-0.2
-1.9
-1.0
6.7
10.9
17.7
20.8
26.4
21.4
30.7
44.4
62.8
83.5
93.5
69.3
55.6
37.2
16.5
6.5
0.4
0.6
1.7
7.9
12.1
3.9
4.6
15.5
70.7
45.0
219
537
2,529
54,202
390,022
1.1
1.9
4.7
13.6
16.8
0.5
0.3
-0.1
-2.2
-1.5
15.2
10.7
13.9
19.9
9.9
-0.3
-0.5
-1.3
-5.0
-7.0
23.5
24.4
25.4
31.6
34.7
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, 2009 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number
(thousands)
Percent of Total
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Average
Federal Tax
Rate6
Share of Pre-Tax
Income
Percent of Total
Share of PostTax Income
Percent of
Total
Share of Federal
Taxes
Percent of Total
17,979
14,788
12,570
10,552
8,719
64,958
27.7
22.8
19.4
16.2
13.4
100.0
7,650
19,082
33,514
54,870
151,432
42,053
516
2,077
5,973
11,499
42,767
9,391
7,135
17,005
27,541
43,371
108,665
32,662
6.7
10.9
17.8
21.0
28.2
22.3
5.0
10.3
15.4
21.2
48.3
100.0
6.1
11.9
16.3
21.6
44.7
100.0
1.5
5.0
12.3
19.9
61.1
100.0
4,605
2,193
1,584
338
30
7.1
3.4
2.4
0.5
0.1
82,197
116,199
201,882
1,087,643
5,550,592
19,552
28,917
53,752
397,732
2,317,511
62,645
87,282
148,130
689,911
3,233,081
23.8
24.9
26.6
36.6
41.8
13.9
9.3
11.7
13.5
6.1
13.6
9.0
11.1
11.0
4.6
14.8
10.4
14.0
22.0
11.3
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-7).
(1) Calendar year. Benefits of the preferential rates on capital gains and qualifying dividends are measured against a current law baseline.
(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 2008 dollars): 20% $12,921, 40% $24,393, 60% $41,924, 80% $67,748, 90% $96,780, 95% $137,143, 99% $359,711, 99.9% $1,730,730.
(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.
13-Oct-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0236
Preferential Rates for Capital Gains and Qualifying Dividends
Distribution of Federal Tax Benefits by Cash Income Percentile Adjusted for Family Size, 2009 1
Detail Table - Married Tax Units Filing Jointly
Percent of Tax Units 4
Cash Income Percentile2,3
With Tax Benefit
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to Pref.
Rates
With Pref.
Rates
Average Federal Tax Rate 6
Change due to
Pref. Rates
With Pref. Rates
0.0
4.7
12.4
27.4
52.4
25.8
100.0
95.3
87.7
72.6
47.6
74.2
0.0
0.0
0.1
0.2
2.8
1.8
0.0
0.1
0.4
2.1
97.5
100.0
0
6
34
144
5,566
1,743
0.0
0.2
0.4
0.8
7.2
5.8
0.0
0.1
0.3
0.8
-1.2
0.0
0.0
1.3
5.6
15.4
77.6
100.0
0.0
0.0
-0.1
-0.2
-2.0
-1.4
0.9
8.0
14.3
18.7
25.9
22.7
39.4
53.5
71.7
89.3
96.0
60.6
46.5
28.3
10.8
4.0
0.4
0.6
1.3
7.1
11.0
3.1
3.5
11.8
79.1
54.3
364
779
3,238
84,965
579,735
1.2
1.7
3.6
13.9
18.3
0.7
0.5
0.4
-2.8
-2.3
15.5
12.5
19.5
30.1
14.9
-0.3
-0.4
-1.0
-4.7
-6.9
22.3
24.0
26.2
29.0
30.6
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, 2009 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number
(thousands)
Percent of Total
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Average
Federal Tax
Rate6
Share of Pre-Tax
Income
Percent of Total
Share of PostTax Income
Percent of
Total
Share of Federal
Taxes
Percent of Total
6,621
8,578
11,027
14,829
18,163
59,479
11.1
14.4
18.5
24.9
30.5
100.0
13,343
32,397
59,438
93,284
278,505
125,155
114
2,608
8,540
17,599
77,616
30,095
13,229
29,790
50,898
75,685
200,888
95,059
0.9
8.1
14.4
18.9
27.9
24.1
1.2
3.7
8.8
18.6
68.0
100.0
1.6
4.5
9.9
19.9
64.5
100.0
0.0
1.3
5.3
14.6
78.8
100.0
8,717
4,700
3,780
965
97
14.7
7.9
6.4
1.6
0.2
134,567
186,829
332,302
1,813,978
8,464,842
30,392
45,688
90,125
610,532
3,173,481
104,175
141,141
242,176
1,203,446
5,291,360
22.6
24.5
27.1
33.7
37.5
15.8
11.8
16.9
23.5
11.1
16.1
11.7
16.2
20.6
9.1
14.8
12.0
19.0
32.9
17.2
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-7).
(1) Calendar year. Benefits of the preferential rates on capital gains and qualifying dividends are measured against a current law baseline.
(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 2008 dollars): 20% $12,921, 40% $24,393, 60% $41,924, 80% $67,748, 90% $96,780, 95% $137,143, 99% $359,711, 99.9% $1,730,730.
(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.
13-Oct-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0236
Preferential Rates for Capital Gains and Qualifying Dividends
Distribution of Federal Tax Benefits by Cash Income Percentile Adjusted for Family Size, 2009 1
Detail Table - Head of Household Tax Units
Percent of Tax Units 4
Cash Income Percentile2,3
With Tax Benefit
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Without Tax
Benefit
Benefit as
Percent of
After-Tax
Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Average Federal Tax Rate 6
Share of Federal Taxes
Change due to Pref.
Rates
With Pref.
Rates
Change due to
Pref. Rates
With Pref. Rates
0.0
1.0
5.2
12.3
30.0
4.2
100.0
99.0
94.8
87.7
70.0
95.8
0.0
0.0
0.0
0.1
2.1
0.4
0.0
0.2
1.6
4.6
93.6
100.0
0
1
11
62
2,780
144
0.0
0.0
0.2
0.4
5.8
2.5
-0.1
0.2
0.7
0.6
-1.4
0.0
-5.0
9.5
28.2
28.7
38.6
100.0
0.0
0.0
0.0
-0.1
-1.6
-0.4
-6.8
5.9
15.6
20.3
25.3
14.1
21.2
35.0
53.6
81.2
90.0
78.8
65.0
46.4
18.8
10.0
0.3
0.5
1.8
7.2
11.1
5.9
3.3
17.4
67.1
44.1
269
533
3,680
71,957
537,283
1.0
1.4
5.1
14.0
18.2
0.2
0.1
-0.2
-1.4
-1.0
14.2
5.8
8.2
10.4
5.0
-0.2
-0.4
-1.3
-4.8
-6.9
23.5
24.6
25.0
29.2
31.0
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 Adjusted for Family Size, 2009 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number
(thousands)
Percent of Total
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Average
Federal Tax
Rate6
Share of Pre-Tax
Income
Percent of Total
Share of PostTax Income
Percent of
Total
Share of Federal
Taxes
Percent of Total
7,558
7,198
4,877
2,482
1,128
23,292
32.5
30.9
20.9
10.7
4.8
100.0
12,952
29,592
49,284
75,584
179,427
40,351
-882
1,749
7,677
15,427
48,207
5,845
13,834
27,843
41,607
60,157
131,220
34,506
-6.8
5.9
15.6
20.4
26.9
14.5
10.4
22.7
25.6
20.0
21.5
100.0
13.0
24.9
25.3
18.6
18.4
100.0
-4.9
9.3
27.5
28.1
40.0
100.0
730
209
158
31
3
3.1
0.9
0.7
0.1
0.0
109,967
149,881
276,495
1,510,258
7,770,538
26,121
37,344
72,756
513,120
2,948,169
83,845
112,537
203,739
997,139
4,822,369
23.8
24.9
26.3
34.0
37.9
8.6
3.3
4.7
5.0
2.3
7.6
2.9
4.0
3.9
1.7
14.0
5.7
8.5
11.8
6.0
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-7).
(1) Calendar year. Benefits of the preferential rates on capital gains and qualifying dividends are measured against a current law baseline.
(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 2008 dollars): 20% $12,921, 40% $24,393, 60% $41,924, 80% $67,748, 90% $96,780, 95% $137,143, 99% $359,711, 99.9% $1,730,730.
(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.
13-Oct-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0236
Preferential Rates for Capital Gains and Qualifying Dividends
Distribution of Federal Tax Benefits by Cash Income Percentile Adjusted for Family Size, 2009 1
Detail Table - Tax Units with Children
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Benefit
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Without Tax
Benefit
Benefit as
Percent of AfterTax Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to Pref.
Rates
With Pref.
Rates
Average Federal Tax Rate6
Change due to
Pref. Rates
With Pref. Rates
0.0
1.4
9.3
20.9
49.8
14.9
100.0
98.6
90.7
79.1
50.2
85.1
0.0
0.0
0.1
0.1
2.4
1.3
0.0
0.0
0.7
2.2
97.1
100.0
0
1
28
105
5,298
930
0.0
0.1
0.3
0.5
6.0
4.4
-0.1
0.1
0.4
0.8
-1.2
0.0
-1.2
2.1
10.1
20.0
68.9
100.0
0.0
0.0
-0.1
-0.1
-1.7
-1.0
-8.6
6.1
15.6
20.4
27.0
21.5
37.0
53.2
71.1
87.9
95.5
63.0
46.8
28.9
12.2
4.5
0.3
0.4
1.2
6.7
10.7
2.7
3.0
11.5
79.9
56.7
286
684
3,265
94,297
686,711
0.8
1.2
3.0
12.8
17.7
0.6
0.4
0.2
-2.4
-1.9
16.0
11.0
17.1
24.8
12.0
-0.2
-0.3
-0.8
-4.4
-6.7
23.9
25.5
27.2
30.0
31.1
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, 2009 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number
(thousands)
Percent of Total
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Average
Federal Tax
Rate6
Share of Pre-Tax
Income
Percent of Total
Share of PostTax Income
Percent of
Total
Share of Federal
Taxes
Percent of Total
9,648
10,138
10,440
9,539
8,194
48,094
20.1
21.1
21.7
19.8
17.0
100.0
14,150
33,628
61,157
101,199
306,666
95,281
-1,220
2,038
9,569
20,740
87,960
21,383
15,370
31,590
51,588
80,458
218,706
73,897
-8.6
6.1
15.7
20.5
28.7
22.4
3.0
7.4
13.9
21.1
54.8
100.0
4.2
9.0
15.2
21.6
50.4
100.0
-1.1
2.0
9.7
19.2
70.1
100.0
4,292
1,951
1,572
379
37
8.9
4.1
3.3
0.8
0.1
153,064
218,471
392,713
2,144,629
10,295,847
36,858
56,302
110,061
738,437
3,888,543
116,206
162,170
282,652
1,406,192
6,407,304
24.1
25.8
28.0
34.4
37.8
14.3
9.3
13.5
17.7
8.3
14.0
8.9
12.5
15.0
6.7
15.4
10.7
16.8
27.2
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 0308-7).
(1) Calendar year. Benefits of the preferential rates on capital gains and qualifying dividends are measured against a current law baseline.
Note: Tax units with
(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 2008 dollars): 20% $12,921, 40% $24,393, 60% $41,924, 80% $67,748, 90% $96,780, 95% $137,143, 99% $359,711, 99.9% $1,730,730.
(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.
13-Oct-08
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T08-0236
Preferential Rates for Capital Gains and Qualifying Dividends
Distribution of Federal Tax Benefits by Cash Income Percentile Adjusted for Family Size, 2009 1
Detail Table - Elderly Tax Units
Percent of Tax Units4
Cash Income Percentile2,3
With Tax Benefit
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Without Tax
Benefit
Benefit as
Percent of AfterTax Income5
Share of Total
Federal Tax
Benefits
Average Federal Tax Benefits
Dollars
As Percent of
Tax
Share of Federal Taxes
Change due to Pref.
Rates
With Pref.
Rates
Average Federal Tax Rate6
Change due to
Pref. Rates
With Pref. Rates
0.6
7.2
17.7
44.7
72.0
27.3
99.5
92.8
82.3
55.3
28.0
72.7
0.0
0.1
0.1
0.5
4.5
2.8
0.0
0.2
0.5
3.2
96.2
100.0
0
12
51
281
8,015
1,655
0.0
1.4
1.8
3.2
11.8
10.5
0.0
0.2
0.3
0.8
-1.3
0.0
0.3
1.6
3.0
11.2
83.8
100.0
0.0
-0.1
-0.1
-0.4
-3.3
-2.2
2.3
4.1
6.7
12.3
24.3
18.7
63.0
72.7
82.1
92.7
97.6
37.1
27.3
17.9
7.3
2.4
0.9
1.4
2.8
9.3
12.8
4.3
5.1
15.4
71.4
43.4
811
1,648
5,507
86,639
519,197
4.3
5.4
8.1
16.6
19.2
0.7
0.6
0.5
-3.1
-2.3
11.0
10.5
20.5
41.8
21.3
-0.8
-1.1
-2.1
-6.0
-7.7
17.0
19.6
23.5
29.9
32.3
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, 2009 1
Tax Units4
Cash Income Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Number
(thousands)
Percent of Total
Average
Income
(Dollars)
Average
Federal Tax
Burden
(Dollars)
Average AfterTax Income5
(Dollars)
Average
Federal Tax
Rate6
Share of Pre-Tax
Income
Percent of Total
Share of PostTax Income
Percent of
Total
Share of Federal
Taxes
Percent of Total
5,675
7,562
4,371
5,321
5,689
28,639
19.8
26.4
15.3
18.6
19.9
100.0
9,958
21,260
41,175
69,880
246,281
75,721
227
879
2,827
8,848
67,813
15,834
9,731
20,381
38,347
61,032
178,468
59,888
2.3
4.1
6.9
12.7
27.5
20.9
2.6
7.4
8.3
17.2
64.6
100.0
3.2
9.0
9.8
18.9
59.2
100.0
0.3
1.5
2.7
10.4
85.1
100.0
2,500
1,471
1,329
391
40
8.7
5.1
4.6
1.4
0.1
105,353
147,862
266,234
1,451,124
6,768,885
18,741
30,579
68,120
521,095
2,703,411
86,612
117,283
198,114
930,029
4,065,474
17.8
20.7
25.6
35.9
39.9
12.1
10.0
16.3
26.1
12.4
12.6
10.1
15.4
21.2
9.4
10.3
9.9
20.0
44.9
23.6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0308-7).
(1) Calendar year. Benefits of the preferential rates on capital gains and qualifying dividends are measured against a current law baseline.
Note: Elderly tax
(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 2008 dollars): 20% $12,921, 40% $24,393, 60% $41,924, 80% $67,748, 90% $96,780, 95% $137,143, 99% $359,711, 99.9% $1,730,730.
(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.