19‐Sep‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
T11‐0352
Share of Federal Taxes ‐ All Tax Units
By Cash Income Income Percentile, 2012
Baseline: Current Law
Share of Total
Cash Income Percentile1
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Cash Income
Individual 2
Income Tax
Payroll Tax
3.6
8.1
13.1
19.2
56.2
100.0
‐2.1
‐2.2
4.4
14.8
85.2
100.0
14.1
9.6
14.1
18.5
9.0
15.8
13.1
23.5
32.8
16.2
Corporate Income Tax
Estate Tax
All Federal Tax
3.3
9.8
16.9
25.8
44.0
100.0
0.6
1.9
3.5
5.6
87.9
100.0
*
0.1
0.1
0.2
99.2
100.0
0.3
2.9
9.0
17.8
70.0
100.0
18.4
11.3
10.3
4.0
0.8
6.4
6.3
17.3
57.8
38.9
0.9
0.7
18.4
79.2
53.3
15.5
11.5
17.7
25.2
13.4
3
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).
* Less than 0.05. Notes : Data are for calendar year 2012.
(1) 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. 20% $17,082, 40% $34,078, 60% $61,868, 80% $104,110, 90% $168,586, 95% $215,481, 99% $568,351, 99.9% $2,467,357. Tax units with negative cash income are excluded from the lowest income class but are included in the totals. Includes both filing and non‐filing units but excludes those that are dependents of other tax units. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270. (2) After tax credits (including refundable portion of earned income and child tax credits).
(3) Includes both the employee and employer portion of Social Security and Medicare tax.
(4) Excludes customs duties and excise taxes.
19‐Sep‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
T11‐0352
Share of Federal Taxes ‐ All Tax Units By Cash Income Income Percentile, Adjusted for Family Size, 2012
Baseline: Current Law
Share of Total
Cash Income Percentile1
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Cash Income
Individual 2
Income Tax
Payroll Tax3
Corporate Income Tax
Estate Tax
All Federal Tax4
2.8
6.8
11.8
19.0
59.9
100.0
‐3.4
‐2.9
3.0
13.6
89.8
100.0
3.3
8.1
14.9
25.7
47.9
100.0
0.5
1.1
2.9
5.1
90.1
100.0
*
*
0.1
0.1
99.4
100.0
‐0.4
1.7
7.5
17.1
74.0
100.0
14.7
10.8
15.0
19.3
9.3
16.7
14.3
25.0
33.9
16.6
19.6
12.5
11.6
4.1
0.8
5.4
6.7
17.0
60.9
40.4
0.2
0.4
6.3
92.5
60.9
16.3
12.6
18.8
26.3
13.8
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. Notes : Data are for calendar year 2012.
(1) 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% $11,855; 40% $22,674; 60% $38,620; 80% $67,504; 90% $99,176; 95% $140,736; 99% $360,867; 99.9% $1,487,112. Tax units with negative cash income are excluded from the lowest income class but are included in the totals. Includes both filing and non‐filing units but excludes those that are dependents of other tax units. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270. (2) After tax credits (including refundable portion of earned income and child tax credits).
(3) Includes both the employee and employer portion of Social Security and Medicare tax.
(4) Excludes customs duties and excise taxes.
19‐Sep‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
T11‐0352
Share of Federal Taxes ‐ Single Tax Units By Cash Income Income Percentile, Adjusted for Family Size, 2012
Baseline: Current Law
Share of Total
Cash Income Percentile1
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Cash Income
Individual 2
Income Tax
Payroll Tax3
Corporate Income Tax
Estate Tax
All Federal Tax
5.6
11.7
17.2
20.8
44.9
100.0
‐2.3
0.8
8.6
20.0
73.0
100.0
5.4
9.5
19.6
27.9
37.5
100.0
1.1
2.5
6.2
7.7
82.1
100.0
*
*
0.2
*
99.5
100.0
1.3
4.5
12.6
21.3
60.2
100.0
14.5
5.7
11.6
13.1
5.8
19.5
8.1
20.1
25.3
11.7
19.5
6.5
9.1
2.4
0.4
7.2
5.7
17.4
51.8
29.5
0.2
0.3
6.9
92.2
57.1
17.6
7.0
15.1
20.5
10.1
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).
* Less than 0.05. Notes : Data are for calendar year 2012.
(1) 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% $11,855; 40% $22,674; 60% $38,620; 80% $67,504; 90% $99,176; 95% $140,736; 99% $360,867; 99.9% $1,487,112. Tax units with negative cash income are excluded from the lowest income class but are included in the totals. Includes both filing and non‐filing units but excludes those that are dependents of other tax units. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270. (2) After tax credits (including refundable portion of earned income and child tax credits).
(3) Includes both the employee and employer portion of Social Security and Medicare tax.
(4) Excludes customs duties and excise taxes.
19‐Sep‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
T11‐0352
Share of Federal Taxes ‐ Married Tax Units, Filing Jointly
By Cash Income Income Percentile, Adjusted for Family Size, 2012
Baseline: Current Law
Share of Total
Cash Income Percentile1
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Cash Income
Individual 2
Income Tax
Payroll Tax3
Corporate Income Tax
Estate Tax
All Federal Tax
0.8
2.8
8.1
18.0
70.5
100.0
‐1.3
‐1.6
1.0
10.2
91.8
100.0
1.2
4.2
10.8
25.2
58.4
100.0
0.2
0.6
1.8
4.3
92.7
100.0
*
*
0.1
0.2
99.1
100.0
‐0.2
0.6
4.4
14.5
80.7
100.0
15.8
13.8
17.8
23.0
11.0
15.2
15.7
26.0
34.9
16.8
22.0
16.7
14.3
5.4
1.1
5.0
7.3
17.3
63.2
42.8
0.2
1.4
3.6
94.0
78.0
16.2
15.0
20.9
28.6
14.9
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).
* Less than 0.05. Notes : Data are for calendar year 2012.
(1) 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% $11,855; 40% $22,674; 60% $38,620; 80% $67,504; 90% $99,176; 95% $140,736; 99% $360,867; 99.9% $1,487,112. Tax units with negative cash income are excluded from the lowest income class but are included in the totals. Includes both filing and non‐filing units but excludes those that are dependents of other tax units. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270. (2) After tax credits (including refundable portion of earned income and child tax credits).
(3) Includes both the employee and employer portion of Social Security and Medicare tax.
(4) Excludes customs duties and excise taxes.
19‐Sep‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
T11‐0352
Share of Federal Taxes ‐ Head of Household Tax Units
By Cash Income Income Percentile, Adjusted for Family Size, 2012
Baseline: Current Law
Share of Total
Cash Income Percentile1
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Cash Income
Individual Income Tax2
Payroll Tax3
Corporate Income Tax
Estate Tax
All Federal Tax4
10.5
23.8
24.3
21.0
20.5
100.0
n/a
n/a
n/a
n/a
n/a
100.0
10.4
26.5
26.7
22.8
13.5
100.0
1.4
3.0
6.1
7.8
81.2
100.0
*
*
*
2.8
95.4
100.0
‐11.7
4.2
28.4
35.3
43.7
100.0
7.0
3.9
4.5
5.1
2.3
n/a
n/a
n/a
n/a
n/a
7.1
3.4
2.3
0.8
0.1
7.4
5.4
17.5
50.8
32.0
*
0.1
7.5
87.8
66.4
14.0
8.0
9.6
12.1
5.9
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. n/a: Since the total individual income tax paid by head of households tax units is negative, the shares paid by each income class can be misleading and is therefore not shown in this analysis. Notes : Data are for calendar year 2012.
(1) 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% $11,855; 40% $22,674; 60% $38,620; 80% $67,504; 90% $99,176; 95% $140,736; 99% $360,867; 99.9% $1,487,112. Tax units with negative cash income are excluded from the lowest income class but are included in the totals. Includes both filing and non‐filing units but excludes those that are dependents of other tax units. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270. (2) After tax credits (including refundable portion of earned income and child tax credits).
(3) Includes both the employee and employer portion of Social Security and Medicare tax.
(4) Excludes customs duties and excise taxes.
19‐Sep‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
T11‐0352
Share of Federal Taxes ‐ Tax Units with Children
By Cash Income Income Percentile, Adjusted for Family Size, 2012
Baseline: Current Law
Share of Total
Cash Income Percentile1
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Cash Income
Individual Income Tax2
Payroll Tax3
Corporate Income Tax
Estate Tax
All Federal Tax4
2.8
7.4
12.1
20.2
57.7
100.0
‐8.6
‐8.9
1.5
14.9
101.2
100.0
3.6
10.0
16.0
26.9
43.3
100.0
0.4
0.7
1.7
3.7
92.9
100.0
*
0.2
0.1
1.3
96.5
100.0
‐2.3
0.6
8.1
19.4
74.1
100.0
16.6
8.9
14.6
17.5
8.3
21.9
13.3
29.2
36.7
16.7
20.4
9.4
9.9
3.7
0.7
5.0
5.4
15.2
67.3
48.6
*
0.7
5.8
90.0
71.9
19.8
10.9
19.2
24.3
12.2
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. Notes : Data are for calendar year 2012. Tax units with children are those claiming an exemption for children at home or away from home.
(1) 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% $11,855; 40% $22,674; 60% $38,620; 80% $67,504; 90% $99,176; 95% $140,736; 99% $360,867; 99.9% $1,487,112. Tax units with negative cash income are excluded from the lowest income class but are included in the totals. Includes both filing and non‐filing units but excludes those that are dependents of other tax units. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270. (2) After tax credits (including refundable portion of earned income and child tax credits).
(3) Includes both the employee and employer portion of Social Security and Medicare tax.
(4) Excludes customs duties and excise taxes.
19‐Sep‐11
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
T11‐0352
Share of Federal Taxes ‐ Elderly Tax Units
By Cash Income Income Percentile, Adjusted for Family Size, 2012
Baseline: Current Law
Share of Total
Cash Income Percentile1
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Cash Income
Individual Income Tax2
Payroll Tax3
Corporate Income Tax
Estate Tax
All Federal Tax4
1.9
6.6
12.5
18.0
61.1
100.0
*
‐0.2
1.1
11.5
87.6
100.0
0.4
2.2
12.1
26.5
58.8
100.0
0.1
1.1
4.0
6.9
87.8
100.0
*
*
0.1
0.1
99.6
100.0
0.1
0.5
3.3
11.7
84.4
100.0
11.8
11.3
15.3
22.7
11.1
12.6
15.1
23.5
36.3
19.0
17.1
17.0
16.7
8.0
2.0
7.1
9.1
19.8
51.8
30.1
0.1
0.5
6.7
92.3
59.2
11.2
13.2
21.2
38.8
21.2
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. Notes : Data are for calendar year 2012. Elderly tax units are those with either head or spouse (if filing jointly) age 65 or older.
(1) 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% $11,855; 40% $22,674; 60% $38,620; 80% $67,504; 90% $99,176; 95% $140,736; 99% $360,867; 99.9% $1,487,112. Tax units with negative cash income are excluded from the lowest income class but are included in the totals. Includes both filing and non‐filing units but excludes those that are dependents of other tax units. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm. For a description of TPC's current law and current policy baselines, see http://www.taxpolicycenter.org/T11‐0270. (2) After tax credits (including refundable portion of earned income and child tax credits).
(3) Includes both the employee and employer portion of Social Security and Medicare tax.
(4) Excludes customs duties and excise taxes.