12-Oct-15
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 T15-0149
Extend ATRA Child Tax Credit (CTC) Provisions
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Summary Table
Expanded Cash Income
Level (thousands of 2015
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 Tax Increase or Cut 3
With Tax Cut
Pct of Tax Units
6.8
16.1
13.0
7.2
4.0
1.5
0.2
0.1
0.0
0.0
0.0
5.2
Avg Tax Cut
-577
-1,073
-1,041
-968
-1,011
-871
-1,023
-986
0
0
0
-993
With Tax Increase
Avg Tax
Pct of Tax Units
Increase
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0
0
0
0
0
0
0
0
0
0
0
0
Percent Change
in After-Tax
Income 4
0.6
1.0
0.5
0.2
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.1
Share of Total
Federal Tax
Change
5.0
38.4
33.3
12.4
5.9
4.0
0.4
0.2
0.0
0.0
0.0
100.0
Average
Federal Tax
Change ($)
-39
-172
-136
-69
-40
-13
-2
0
0
0
0
-52
5
Average Federal Tax Rate
Change (%
Points)
-0.6
-0.9
-0.4
-0.2
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Under the
Proposal
8.7
4.4
5.5
7.7
10.9
13.8
16.0
18.6
22.5
28.0
34.3
20.6
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-2).
Number of AMT Taxpayers (millions). Baseline: 4.8
Proposal: 4.8
* Less than 0.05
** Insufficient data
(1) Calendar year. Baseline is current law. Proposal would extend the following provision in the American Taxpayer Relief Act of 2012, currently set to expire on 12/31/17: reduce
the earnings threshold for the CTC to $3,000, unindexed. For a description of TPC's current law baseline, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class
but are included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate taxes; and excise taxes.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash
income.
12-Oct-15
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T15-0149
Extend ATRA Child Tax Credit (CTC) Provisions
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Detail Table
Expanded Cash Income
Level (thousands of 2015
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 3
With Tax cut
With Tax
Increase
6.8
16.1
13.0
7.2
4.0
1.5
0.2
0.1
0.0
0.0
0.0
5.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent Change
in After-Tax
Income 4
Share of Total
Federal Tax
Change
0.6
1.0
0.5
0.2
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.1
5.0
38.4
33.3
12.4
5.9
4.0
0.4
0.2
0.0
0.0
0.0
100.0
Average Federal Tax Change
Dollars
-39
-172
-136
-69
-40
-13
-2
0
0
0
0
-52
Percent
-5.9
-16.9
-7.3
-2.0
-0.7
-0.1
0.0
0.0
0.0
0.0
0.0
-0.2
Share of Federal Taxes
Change (% Points)
0.0
-0.1
-0.1
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.1
0.0
Under the
Proposal
0.2
0.4
0.9
1.3
1.9
6.7
7.2
23.3
21.2
7.3
29.6
100.0
Average Federal Tax Rate5
Change (%
Points)
Under the
Proposal
-0.6
-0.9
-0.4
-0.2
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2025 ¹
Expanded Cash Income
Level (thousands of 2015
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
Pre-Tax Income
Number
(thousands)
Percent of
Total
Average (dollars)
12,335
21,437
23,630
17,124
14,031
28,428
18,829
32,899
12,502
1,414
983
185,081
6.7
11.6
12.8
9.3
7.6
15.4
10.2
17.8
6.8
0.8
0.5
100.0
7,153
19,220
31,435
43,933
56,799
77,931
109,753
173,508
343,512
835,589
3,995,602
119,676
Federal Tax Burden
Percent of
Total
0.4
1.9
3.4
3.4
3.6
10.0
9.3
25.8
19.4
5.3
17.7
100.0
After-Tax Income 4
Average (dollars)
Percent of
Total
Average (dollars)
Percent of
Total
657
1,019
1,869
3,430
6,210
10,725
17,520
32,234
77,277
233,752
1,370,796
24,685
0.2
0.5
1.0
1.3
1.9
6.7
7.2
23.2
21.2
7.2
29.5
100.0
6,495
18,201
29,566
40,504
50,589
67,206
92,233
141,274
266,235
601,837
2,624,806
94,991
0.5
2.2
4.0
4.0
4.0
10.9
9.9
26.4
18.9
4.8
14.7
100.0
Average
Federal Tax
Rate 5
9.2
5.3
6.0
7.8
10.9
13.8
16.0
18.6
22.5
28.0
34.3
20.6
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-2).
Number of AMT Taxpayers (millions). Baseline: 4.8
Proposal: 4.8
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would extend the following provision in the American Taxpayer Relief Act of 2012, currently set to expire on 12/31/17: reduce
the earnings threshold for the CTC to $3,000, unindexed. For a description of TPC's current law baseline, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are
included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
8.7
4.4
5.5
7.7
10.9
13.8
16.0
18.6
22.5
28.0
34.3
20.6
12-Oct-15
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T15-0149
Extend ATRA Child Tax Credit (CTC) Provisions
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Detail Table - Single Tax Units
Expanded Cash Income
Level (thousands of 2015
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 3
With Tax cut
With Tax
Increase
2.0
3.0
1.6
1.1
0.5
0.1
0.0
0.0
0.0
0.0
0.0
1.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent Change
in After-Tax
Income 4
Share of Total
Federal Tax
Change
0.2
0.2
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
10.3
50.8
23.4
10.5
3.7
1.0
0.0
0.0
0.0
0.0
0.0
100.0
Average Federal Tax Change
Dollars
Percent
-10
-33
-15
-10
-5
-1
0
0
0
0
0
-11
-1.3
-2.1
-0.6
-0.3
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
Share of Federal Taxes
Change (% Points)
0.0
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Under the
Proposal
0.7
2.3
3.8
3.9
5.2
16.6
13.8
23.3
10.4
2.8
17.1
100.0
Average Federal Tax Rate5
Change (%
Points)
Under the
Proposal
-0.1
-0.2
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2025 ¹
Expanded Cash Income
Level (thousands of 2015
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
Pre-Tax Income
Number
(thousands)
Percent of
Total
Average (dollars)
10,506
15,838
16,280
10,583
7,902
14,462
7,123
7,192
1,318
113
125
92,243
11.4
17.2
17.7
11.5
8.6
15.7
7.7
7.8
1.4
0.1
0.1
100.0
7,083
19,086
31,389
43,862
56,698
77,150
108,947
164,072
333,775
853,774
4,178,565
64,314
Federal Tax Burden
Percent of
Total
1.3
5.1
8.6
7.8
7.6
18.8
13.1
19.9
7.4
1.6
8.8
100.0
After-Tax Income 4
Average (dollars)
Percent of
Total
Average (dollars)
Percent of
Total
784
1,588
2,553
3,990
7,172
12,505
21,191
35,427
86,127
266,366
1,500,295
11,857
0.8
2.3
3.8
3.9
5.2
16.5
13.8
23.3
10.4
2.8
17.1
100.0
6,300
17,498
28,836
39,872
49,526
64,645
87,757
128,644
247,647
587,408
2,678,270
52,457
1.4
5.7
9.7
8.7
8.1
19.3
12.9
19.1
6.7
1.4
6.9
100.0
Average
Federal Tax
Rate 5
11.1
8.3
8.1
9.1
12.7
16.2
19.5
21.6
25.8
31.2
35.9
18.4
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-2).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would extend the following provision in the American Taxpayer Relief Act of 2012, currently set to expire on 12/31/17: reduce
the earnings threshold for the CTC to $3,000, unindexed. For a description of TPC's current law baseline, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are
included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
10.9
8.1
8.1
9.1
12.6
16.2
19.5
21.6
25.8
31.2
35.9
18.4
12-Oct-15
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T15-0149
Extend ATRA Child Tax Credit (CTC) Provisions
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Detail Table - Married Tax Units Filing Jointly
Expanded Cash Income
Level (thousands of 2015
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 3
With Tax cut
With Tax
Increase
8.2
24.6
27.7
13.6
6.4
2.3
0.3
0.1
0.0
0.0
0.0
2.9
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent Change
in After-Tax
Income 4
Share of Total
Federal Tax
Change
1.0
1.5
1.0
0.3
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2.1
22.9
36.4
16.2
10.0
8.8
1.5
0.7
0.0
0.0
0.0
100.0
Average Federal Tax Change
Dollars
-56
-279
-303
-126
-67
-21
-3
-1
0
0
0
-30
Percent
-16.9
-46.6
-27.1
-5.7
-1.6
-0.3
0.0
0.0
0.0
0.0
0.0
-0.1
Share of Federal Taxes
Change (% Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Under the
Proposal
0.0
0.0
0.1
0.2
0.4
2.0
3.8
22.3
26.6
9.4
35.3
100.0
Average Federal Tax Rate5
Change (%
Points)
Under the
Proposal
-0.9
-1.4
-1.0
-0.3
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2025 ¹
Expanded Cash Income
Level (thousands of 2015
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
Pre-Tax Income
Number
(thousands)
Percent of
Total
Average (dollars)
690
1,497
2,191
2,354
2,720
7,484
8,052
21,857
10,711
1,253
815
60,148
1.2
2.5
3.6
3.9
4.5
12.4
13.4
36.3
17.8
2.1
1.4
100.0
6,117
19,814
31,836
44,240
56,865
79,357
110,941
178,325
345,247
833,078
3,909,656
226,783
Federal Tax Burden
Percent of
Total
0.0
0.2
0.5
0.8
1.1
4.4
6.6
28.6
27.1
7.7
23.4
100.0
After-Tax Income 4
Average (dollars)
Percent of
Total
Average (dollars)
Percent of
Total
331
598
1,118
2,204
4,255
8,009
14,404
31,295
76,136
230,018
1,330,527
51,106
0.0
0.0
0.1
0.2
0.4
2.0
3.8
22.3
26.5
9.4
35.3
100.0
5,786
19,216
30,718
42,036
52,610
71,348
96,537
147,030
269,111
603,060
2,579,130
175,677
0.0
0.3
0.6
0.9
1.4
5.1
7.4
30.4
27.3
7.2
19.9
100.0
Average
Federal Tax
Rate 5
5.4
3.0
3.5
5.0
7.5
10.1
13.0
17.6
22.1
27.6
34.0
22.5
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-2).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would extend the following provision in the American Taxpayer Relief Act of 2012, currently set to expire on 12/31/17: reduce
the earnings threshold for the CTC to $3,000, unindexed. For a description of TPC's current law baseline, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are
included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
4.5
1.6
2.6
4.7
7.4
10.1
13.0
17.6
22.1
27.6
34.0
22.5
12-Oct-15
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T15-0149
Extend ATRA Child Tax Credit (CTC) Provisions
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Detail Table - Head of Household Tax Units
Expanded Cash Income
Level (thousands of 2015
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 3
With Tax cut
With Tax
Increase
58.5
67.6
46.0
20.2
10.9
4.3
0.4
0.1
0.0
0.0
0.0
23.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent Change
in After-Tax
Income 4
Share of Total
Federal Tax
Change
3.7
3.4
1.5
0.5
0.2
0.1
0.0
0.0
0.0
0.0
0.0
0.4
5.0
40.7
34.1
11.6
5.0
3.1
0.2
0.0
0.0
0.0
0.0
100.0
Average Federal Tax Change
Dollars
-343
-717
-477
-201
-109
-37
-4
-1
0
0
0
-229
Percent
60.2
56.5
153.1
-8.5
-2.1
-0.4
0.0
0.0
0.0
0.0
0.0
-2.3
Share of Federal Taxes
Change (% Points)
-0.1
-1.0
-0.8
-0.2
0.0
0.4
0.4
0.8
0.2
0.1
0.2
0.0
Under the
Proposal
-0.3
-2.6
-1.3
2.9
5.3
18.6
18.9
34.8
10.2
2.8
10.5
100.0
Average Federal Tax Rate5
Change (%
Points)
Under the
Proposal
-4.0
-3.7
-1.5
-0.5
-0.2
-0.1
0.0
0.0
0.0
0.0
0.0
-0.3
-10.6
-10.2
-2.5
4.9
8.8
12.0
15.5
18.8
23.0
29.3
33.3
13.4
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2025 ¹
Expanded Cash Income
Level (thousands of 2015
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
Pre-Tax Income
Number
(thousands)
Percent of
Total
Average (dollars)
971
3,819
4,803
3,879
3,105
5,769
3,275
3,286
391
33
22
29,417
3.3
13.0
16.3
13.2
10.6
19.6
11.1
11.2
1.3
0.1
0.1
100.0
8,605
19,548
31,385
43,870
56,988
78,044
108,601
163,711
330,537
852,217
4,098,991
73,912
Federal Tax Burden
Percent of
Total
0.4
3.4
6.9
7.8
8.1
20.7
16.4
24.7
5.9
1.3
4.2
100.0
After-Tax Income 4
Average (dollars)
Percent of
Total
Average (dollars)
Percent of
Total
-570
-1,269
-312
2,359
5,093
9,410
16,801
30,761
76,088
249,279
1,364,104
10,103
-0.2
-1.6
-0.5
3.1
5.3
18.3
18.5
34.0
10.0
2.8
10.3
100.0
9,175
20,816
31,697
41,510
51,895
68,634
91,800
132,950
254,448
602,939
2,734,887
63,808
0.5
4.2
8.1
8.6
8.6
21.1
16.0
23.3
5.3
1.1
3.3
100.0
Average
Federal Tax
Rate 5
-6.6
-6.5
-1.0
5.4
8.9
12.1
15.5
18.8
23.0
29.3
33.3
13.7
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-2).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would extend the following provision in the American Taxpayer Relief Act of 2012, currently set to expire on 12/31/17: reduce
the earnings threshold for the CTC to $3,000, unindexed. For a description of TPC's current law baseline, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are
included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
12-Oct-15
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T15-0149
Extend ATRA Child Tax Credit (CTC) Provisions
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Detail Table - Tax Units with Children
Expanded Cash Income
Level (thousands of 2015
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 3
With Tax cut
With Tax
Increase
70.2
78.8
54.2
26.1
14.1
5.3
0.7
0.1
*
0.0
0.0
17.5
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent Change
in After-Tax
Income 4
Share of Total
Federal Tax
Change
4.6
4.0
1.8
0.6
0.3
0.1
0.0
0.0
0.0
0.0
0.0
0.1
5.2
38.8
32.9
12.2
5.9
4.0
0.4
0.2
0.0
0.0
0.0
100.0
Average Federal Tax Change
Dollars
-405
-844
-566
-253
-143
-47
-6
-1
0
0
0
-174
Percent
68.3
62.4
107.7
-13.1
-3.0
-0.5
0.0
0.0
0.0
0.0
0.0
-0.5
Share of Federal Taxes
Change (% Points)
0.0
-0.2
-0.2
-0.1
0.0
0.0
0.0
0.1
0.1
0.1
0.2
0.0
Under the
Proposal
-0.1
-0.5
-0.3
0.4
0.9
3.9
4.8
21.9
24.9
9.5
34.4
100.0
Average Federal Tax Rate5
Change (%
Points)
Under the
Proposal
-4.9
-4.3
-1.8
-0.6
-0.3
-0.1
0.0
0.0
0.0
0.0
0.0
-0.1
-12.0
-11.3
-3.5
3.8
8.0
11.8
14.5
17.9
22.1
28.0
34.1
21.3
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2025 ¹
Expanded Cash Income
Level (thousands of 2015
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
Pre-Tax Income
Number
(thousands)
Percent of
Total
Average (dollars)
1,189
4,270
5,384
4,468
3,830
7,847
5,644
12,972
6,096
766
488
53,254
2.2
8.0
10.1
8.4
7.2
14.7
10.6
24.4
11.5
1.4
0.9
100.0
8,309
19,511
31,462
43,819
56,906
78,554
109,987
177,251
349,027
836,388
3,884,902
166,281
Federal Tax Burden
Percent of
Total
0.1
0.9
1.9
2.2
2.5
7.0
7.0
26.0
24.0
7.2
21.4
100.0
After-Tax Income 4
Average (dollars)
Percent of
Total
Average (dollars)
Percent of
Total
-593
-1,352
-525
1,934
4,714
9,294
15,956
31,792
76,959
234,331
1,325,929
35,523
0.0
-0.3
-0.2
0.5
1.0
3.9
4.8
21.8
24.8
9.5
34.2
100.0
8,903
20,863
31,987
41,885
52,192
69,259
94,031
145,459
272,068
602,057
2,558,973
130,758
0.2
1.3
2.5
2.7
2.9
7.8
7.6
27.1
23.8
6.6
18.0
100.0
Average
Federal Tax
Rate 5
-7.1
-6.9
-1.7
4.4
8.3
11.8
14.5
17.9
22.1
28.0
34.1
21.4
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-2).
* 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 extend the following provision in the American Taxpayer Relief Act of 2012, currently set to expire on 12/31/17: reduce
the earnings threshold for the CTC to $3,000, unindexed. For a description of TPC's current law baseline, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are
included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
12-Oct-15
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T15-0149
Extend ATRA Child Tax Credit (CTC) Provisions
Baseline: Current Law
Distribution of Federal Tax Change by Expanded Cash Income Level, 2025 ¹
Detail Table - Elderly Tax Units
Expanded Cash Income
Level (thousands of 2015
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 3
With Tax cut
With Tax
Increase
0.9
1.4
0.7
1.1
1.0
0.6
0.2
*
*
0.0
0.0
0.7
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Percent Change
in After-Tax
Income 4
Share of Total
Federal Tax
Change
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2.9
26.8
17.8
17.7
18.4
11.6
2.3
0.8
0.1
0.0
0.0
100.0
Average Federal Tax Change
Dollars
Percent
-4
-15
-7
-9
-13
-5
-1
0
0
0
0
-6
-2.5
-3.7
-0.9
-0.6
-0.5
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
Share of Federal Taxes
Change (% Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Under the
Proposal
0.0
0.2
0.7
1.0
1.4
5.8
7.6
21.5
16.3
5.9
39.1
100.0
Average Federal Tax Rate5
Change (%
Points)
Under the
Proposal
-0.1
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Level, 2025 ¹
Expanded Cash Income
Level (thousands of 2015
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
Pre-Tax Income
Number
(thousands)
Percent of
Total
Average (dollars)
2,183
6,240
9,189
6,675
4,828
8,580
5,618
7,685
2,086
247
238
54,189
4.0
11.5
17.0
12.3
8.9
15.8
10.4
14.2
3.9
0.5
0.4
100.0
6,339
19,917
31,541
43,931
56,456
77,553
110,189
169,421
340,351
828,837
4,562,675
102,568
Federal Tax Burden
Percent of
Total
0.3
2.2
5.2
5.3
4.9
12.0
11.1
23.4
12.8
3.7
19.5
100.0
After-Tax Income 4
Average (dollars)
Percent of
Total
Average (dollars)
Percent of
Total
182
392
735
1,478
2,829
6,541
13,060
27,094
75,812
230,452
1,590,456
17,866
0.0
0.3
0.7
1.0
1.4
5.8
7.6
21.5
16.3
5.9
39.1
100.0
6,157
19,525
30,806
42,452
53,627
71,012
97,128
142,327
264,539
598,385
2,972,219
84,702
0.3
2.7
6.2
6.2
5.6
13.3
11.9
23.8
12.0
3.2
15.4
100.0
Average
Federal Tax
Rate 5
2.9
2.0
2.3
3.4
5.0
8.4
11.9
16.0
22.3
27.8
34.9
17.4
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0515-2).
* 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 extend the following provision in the American Taxpayer Relief Act of 2012, currently set to expire on 12/31/17: reduce
the earnings threshold for the CTC to $3,000, unindexed. For a description of TPC's current law baseline, see:
http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
(2) Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are
included in the totals. For a description of expanded cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) After-tax income is expanded cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); estate tax; and excise taxes.
(5) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, and excise taxes) as a percentage of average expanded cash income.
2.8
1.9
2.3
3.3
5.0
8.4
11.9
16.0
22.3
27.8
34.9
17.4