3-May-13
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 T13-0140
Administration's FY2014 Budget Proposals
Chained CPI Only
Distribution of Federal Tax Change by Cash Income Level, 2015 1
Summary Table
Cash Income Level
(thousands of 2012
2
dollars)
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
Avg Tax Cut
Units
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.4
0.2
0.1
*
0
0
0
0
0
0
0
0
-22
-23
-23
**
With Tax Increase
Pct of Tax
Avg Tax
Units
Increase
0.2
13.2
24.1
25.7
18.3
32.0
30.2
73.9
98.3
98.3
99.4
32.1
17
12
19
23
23
14
14
22
57
96
130
25
Percent
Change in
After-Tax
4
Income
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Share of
Total
Federal Tax
Change
0.1
3.0
6.9
8.0
5.4
10.7
6.2
25.9
23.1
5.6
5.1
100.0
Average
Federal Tax
Change ($)
0
2
5
6
5
6
6
17
55
93
127
9
5
Average Federal Tax Rate
Change (%
Points)
Under the
Proposal
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
3.3
1.9
6.7
11.6
14.3
17.2
19.6
22.2
26.3
32.2
38.7
22.8
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0412-8).
Number of AMT Taxpayers (millions). Baseline: 4.0
Proposal: 4.0
* Less than 0.05
** Insufficient data
(1) Calendar year. Baseline is current law. Proposal would index the tax system using the chained CPI beginning after 2014. 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 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) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) 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.
(5) 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.
3-May-13
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T13-0140
Administration's FY2014 Budget Proposals
Chained CPI Only
1
Distribution of Federal Tax Change by Cash Income Level, 2015
Detail Table
Cash Income Level
(thousands of 2012
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.4
0.2
0.1
*
0.2
13.2
24.1
25.7
18.3
32.0
30.2
73.9
98.3
98.3
99.4
32.1
Percent Change
in After-Tax
Income 4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Share of Total
Federal Tax
Change
0.1
3.0
6.9
8.0
5.4
10.7
6.2
25.9
23.1
5.6
5.1
100.0
Average Federal Tax Change
Dollars
0
2
5
6
5
6
6
17
55
93
127
9
Percent
0.1
0.6
0.3
0.2
0.1
0.1
0.0
0.1
0.1
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
0.1
0.2
1.2
2.6
3.4
10.3
9.6
23.0
15.7
6.7
27.1
100.0
Average Federal Tax Rate5
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
3.3
1.9
6.7
11.6
14.3
17.2
19.6
22.2
26.3
32.2
38.7
22.8
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2015
Cash Income Level
(thousands of 2012
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
Number
(thousands)
13,758
22,829
19,028
17,708
14,571
26,865
15,478
21,848
5,910
854
567
160,282
Percent of
Total
8.6
14.2
11.9
11.1
9.1
16.8
9.7
13.6
3.7
0.5
0.4
100.0
Pre-Tax Income
Average (dollars)
5,491
15,580
25,863
36,613
46,902
63,716
90,823
136,192
288,460
693,862
3,536,837
78,595
Percent of
Total
0.6
2.8
3.9
5.2
5.4
13.6
11.2
23.6
13.5
4.7
15.9
100.0
Federal Tax Burden
Average (dollars)
181
296
1,724
4,232
6,718
10,981
17,778
30,204
75,836
223,053
1,369,639
17,872
Percent of
Total
0.1
0.2
1.2
2.6
3.4
10.3
9.6
23.0
15.7
6.7
27.1
100.0
After-Tax Income 4
Average (dollars)
5,310
15,283
24,139
32,381
40,184
52,735
73,045
105,988
212,624
470,809
2,167,199
60,723
Percent of
Total
0.8
3.6
4.7
5.9
6.0
14.6
11.6
23.8
12.9
4.1
12.6
100.0
Average
Federal Tax
Rate 5
3.3
1.9
6.7
11.6
14.3
17.2
19.6
22.2
26.3
32.2
38.7
22.7
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0412-8).
Number of AMT Taxpayers (millions). Baseline: 4.0
Proposal: 4.0
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would index the tax system using the chained CPI beginning after 2014. 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 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) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) 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.
(5) 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.
3-May-13
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T13-0140
Administration's FY2014 Budget Proposals
Chained CPI Only
Distribution of Federal Tax Change by Cash Income Level, 2015 1
Detail Table - Single Tax Units
Cash Income Level
(thousands of 2012
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2.2
2.4
2.1
2.6
70.8
94.2
96.3
97.5
96.0
99.6
21.7
Percent Change
in After-Tax
Income 4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Share of Total
Federal Tax
Change
0.5
3.2
4.4
5.0
3.9
30.8
14.2
17.2
14.0
3.5
3.3
100.0
Average Federal Tax Change
Dollars
0
1
1
1
2
9
11
15
58
96
128
4
Percent
0.0
0.1
0.0
0.0
0.0
0.1
0.1
0.0
0.1
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
0.6
2.4
4.7
7.6
8.6
20.5
11.7
16.1
8.7
3.6
15.4
100.0
5
Average Federal Tax Rate
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
7.4
6.7
11.2
14.9
18.3
21.6
24.0
25.8
29.2
33.7
41.2
21.5
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2015 1
Cash Income Level
(thousands of 2012
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
Number
(thousands)
10,507
15,568
11,176
9,526
6,840
10,274
3,678
3,188
690
103
72
72,071
Percent of
Total
14.6
21.6
15.5
13.2
9.5
14.3
5.1
4.4
1.0
0.1
0.1
100.0
Pre-Tax Income
Average (dollars)
5,427
15,496
25,685
36,575
46,685
63,117
90,100
133,751
292,471
699,403
3,544,924
44,035
Percent of
Total
1.8
7.6
9.1
11.0
10.1
20.4
10.4
13.4
6.4
2.3
8.0
100.0
Federal Tax Burden
Average (dollars)
401
1,032
2,874
5,451
8,552
13,627
21,629
34,495
85,401
235,844
1,460,930
9,459
Percent of
Total
0.6
2.4
4.7
7.6
8.6
20.5
11.7
16.1
8.7
3.6
15.4
100.0
After-Tax Income
Average (dollars)
5,026
14,464
22,811
31,124
38,133
49,491
68,471
99,256
207,070
463,559
2,083,994
34,577
4
Percent of
Total
2.1
9.0
10.2
11.9
10.5
20.4
10.1
12.7
5.7
1.9
6.0
100.0
Average
Federal Tax
Rate 5
7.4
6.7
11.2
14.9
18.3
21.6
24.0
25.8
29.2
33.7
41.2
21.5
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0412-8).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would index the tax system using the chained CPI beginning after 2014. 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 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) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) 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.
(5) 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.
3-May-13
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T13-0140
Administration's FY2014 Budget Proposals
Chained CPI Only
Distribution of Federal Tax Change by Cash Income Level, 2015 1
Detail Table - Married Tax Units Filing Jointly
Cash Income Level
(thousands of 2012
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.5
21.4
34.7
36.7
32.5
5.3
0.9
68.7
99.1
99.1
99.7
38.3
Percent Change
in After-Tax
Income 4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Share of Total
Federal Tax
Change
0.1
0.8
2.3
3.9
4.3
4.7
3.0
34.0
32.0
7.8
7.0
100.0
Average Federal Tax Change
Dollars
0
3
6
9
8
3
3
17
55
93
129
14
Percent
0.2
-1.0
1.5
0.4
0.2
0.0
0.0
0.1
0.1
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
0.0
0.1
0.4
0.9
5.2
8.3
26.1
18.9
8.1
31.9
100.0
5
Average Federal Tax Rate
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
3.2
-1.8
1.6
6.0
8.6
13.3
17.7
21.4
25.8
31.9
38.4
24.2
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2015 1
Cash Income Level
(thousands of 2012
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
Number
(thousands)
1,225
2,482
3,253
3,949
4,568
12,103
10,130
17,635
5,043
725
473
61,905
Percent of
Total
2.0
4.0
5.3
6.4
7.4
19.6
16.4
28.5
8.2
1.2
0.8
100.0
Pre-Tax Income
Average (dollars)
4,634
16,145
26,193
36,813
47,297
64,376
91,232
136,887
287,748
692,769
3,483,115
132,067
Percent of
Total
0.1
0.5
1.0
1.8
2.6
9.5
11.3
29.5
17.8
6.1
20.2
100.0
Federal Tax Burden
Average (dollars)
147
-287
411
2,182
4,038
8,541
16,176
29,256
74,207
221,174
1,337,579
31,997
Percent of
Total
0.0
0.0
0.1
0.4
0.9
5.2
8.3
26.1
18.9
8.1
31.9
100.0
After-Tax Income
Average (dollars)
4,486
16,431
25,783
34,631
43,259
55,834
75,056
107,631
213,541
471,595
2,145,536
100,070
4
Percent of
Total
0.1
0.7
1.4
2.2
3.2
10.9
12.3
30.6
17.4
5.5
16.4
100.0
Average
Federal Tax
Rate 5
3.2
-1.8
1.6
5.9
8.5
13.3
17.7
21.4
25.8
31.9
38.4
24.2
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0412-8).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would index the tax system using the chained CPI beginning after 2014. 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 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) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) 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.
(5) 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.
3-May-13
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T13-0140
Administration's FY2014 Budget Proposals
Chained CPI Only
Distribution of Federal Tax Change by Cash Income Level, 2015 1
Detail Table - Head of Household Tax Units
Cash Income Level
(thousands of 2012
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.6
47.1
74.4
75.9
35.1
6.8
62.7
93.9
98.9
95.0
99.2
47.7
Percent Change
in After-Tax
Income 4
0.0
0.0
-0.1
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Share of Total
Federal Tax
Change
0.1
11.2
27.2
27.2
11.2
6.0
5.4
6.4
4.0
0.6
0.6
100.0
Average Federal Tax Change
Dollars
0
6
15
17
9
4
9
17
70
77
114
10
Percent
0.0
-0.3
-3.3
0.6
0.2
0.0
0.1
0.1
0.1
0.0
0.0
0.2
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Under the
Proposal
-1.4
-6.4
-1.3
8.1
12.4
30.8
17.9
19.2
7.4
2.7
10.6
100.0
5
Average Federal Tax Rate
Change (%
Points)
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Under the
Proposal
-16.2
-12.9
-1.7
8.3
13.5
17.6
20.3
23.9
27.2
31.4
37.1
13.7
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2015 1
Cash Income Level
(thousands of 2012
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
Number
(thousands)
1,905
4,539
4,290
3,808
2,797
3,923
1,387
866
134
17
12
23,746
Percent of
Total
8.0
19.1
18.1
16.0
11.8
16.5
5.8
3.7
0.6
0.1
0.1
100.0
Pre-Tax Income
Average (dollars)
6,415
15,554
26,064
36,456
46,855
63,261
90,105
131,590
290,035
697,882
3,314,596
43,843
Percent of
Total
1.2
6.8
10.7
13.3
12.6
23.8
12.0
11.0
3.7
1.2
3.9
100.0
Federal Tax Burden
Average (dollars)
-1,042
-2,006
-445
2,998
6,292
11,140
18,288
31,430
78,826
218,881
1,227,823
5,976
Percent of
Total
-1.4
-6.4
-1.4
8.0
12.4
30.8
17.9
19.2
7.4
2.7
10.6
100.0
After-Tax Income
Average (dollars)
7,457
17,560
26,509
33,458
40,562
52,120
71,817
100,159
211,209
479,001
2,086,774
37,867
4
Percent of
Total
1.6
8.9
12.7
14.2
12.6
22.7
11.1
9.7
3.1
0.9
2.9
100.0
Average
Federal Tax
Rate 5
-16.2
-12.9
-1.7
8.2
13.4
17.6
20.3
23.9
27.2
31.4
37.0
13.6
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0412-8).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would index the tax system using the chained CPI beginning after 2014. 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 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) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) 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.
(5) 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.
3-May-13
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T13-0140
Administration's FY2014 Budget Proposals
Chained CPI Only
1
Distribution of Federal Tax Change by Cash Income Level, 2015
Detail Table - Tax Units with Children
Cash Income Level
(thousands of 2012
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.2
0.1
0.1
*
1.2
55.3
87.7
90.5
59.4
12.1
12.3
62.3
98.9
98.8
99.6
51.2
Percent Change
in After-Tax
Income 4
0.0
0.0
-0.1
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Share of Total
Federal Tax
Change
0.1
4.9
12.0
13.5
8.3
5.8
3.4
20.2
22.4
5.0
4.3
100.0
Average Federal Tax Change
Dollars
0
7
17
20
15
5
4
15
60
93
130
15
Percent
0.0
-0.3
-1.4
0.9
0.3
0.1
0.0
0.1
0.1
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
-0.3
-1.2
-0.6
1.0
2.0
7.8
9.7
26.5
18.7
7.9
28.5
100.0
Average Federal Tax Rate5
Change (%
Points)
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Under the
Proposal
-19.0
-16.2
-4.7
5.9
11.2
15.9
18.6
21.8
26.3
32.1
38.2
22.4
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2015
Cash Income Level
(thousands of 2012
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
Number
(thousands)
Percent of
Total
2,529
5,460
5,227
5,001
4,223
8,572
6,412
9,954
2,772
401
249
50,995
5.0
10.7
10.3
9.8
8.3
16.8
12.6
19.5
5.4
0.8
0.5
100.0
Pre-Tax Income
Average (dollars)
5,929
15,660
25,991
36,549
46,968
64,230
91,213
137,109
288,339
692,814
3,372,806
98,292
Percent of
Total
0.3
1.7
2.7
3.7
4.0
11.0
11.7
27.2
15.9
5.5
16.7
100.0
Federal Tax Burden
Average (dollars)
-1,125
-2,539
-1,231
2,129
5,230
10,173
17,003
29,852
75,639
221,936
1,288,516
22,023
Percent of
Total
-0.3
-1.2
-0.6
1.0
2.0
7.8
9.7
26.5
18.7
7.9
28.5
100.0
After-Tax Income 4
Average (dollars)
7,053
18,198
27,222
34,421
41,737
54,057
74,211
107,257
212,701
470,878
2,084,290
76,268
Percent of
Total
0.5
2.6
3.7
4.4
4.5
11.9
12.2
27.5
15.2
4.9
13.3
100.0
Average
Federal Tax
Rate 5
-19.0
-16.2
-4.7
5.8
11.1
15.8
18.6
21.8
26.2
32.0
38.2
22.4
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0412-8).
* 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 index the tax system using the chained CPI beginning after 2014. 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 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) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) 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.
(5) 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.
3-May-13
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T13-0140
Administration's FY2014 Budget Proposals
Chained CPI Only
1
Distribution of Federal Tax Change by Cash Income Level, 2015
Detail Table - Elderly Tax Units
Cash Income Level
(thousands of 2012
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
0.3
0.3
*
0.0
*
0.2
1.0
3.1
19.2
27.1
79.7
97.9
97.9
99.1
18.9
Percent Change
in After-Tax
Income 4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Share of Total
Federal Tax
Change
0.0
0.0
0.2
0.8
2.1
10.7
7.7
34.5
28.2
7.9
7.7
100.0
Average Federal Tax Change
Dollars
0
0
0
0
1
4
5
19
50
95
130
6
Percent
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.1
0.1
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
0.6
1.4
2.0
7.6
7.6
19.2
17.2
8.0
36.1
100.0
Average Federal Tax Rate5
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
1.6
0.7
2.4
4.3
6.0
9.2
13.4
17.7
24.6
32.0
39.6
18.2
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2015
Cash Income Level
(thousands of 2012
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
Number
(thousands)
Percent of
Total
1,763
6,759
4,929
4,354
3,514
6,388
3,121
3,950
1,190
177
126
36,302
4.9
18.6
13.6
12.0
9.7
17.6
8.6
10.9
3.3
0.5
0.4
100.0
Pre-Tax Income
Average (dollars)
5,956
15,952
25,739
36,653
46,902
63,256
89,803
134,735
289,039
692,539
3,539,630
74,274
Percent of
Total
0.4
4.0
4.7
5.9
6.1
15.0
10.4
19.7
12.8
4.5
16.6
100.0
Federal Tax Burden
Average (dollars)
95
115
618
1,572
2,822
5,799
12,016
23,858
71,101
221,741
1,400,243
13,520
Percent of
Total
0.0
0.2
0.6
1.4
2.0
7.6
7.6
19.2
17.2
8.0
36.1
100.0
After-Tax Income 4
Average (dollars)
5,861
15,838
25,121
35,081
44,079
57,457
77,787
110,877
217,938
470,798
2,139,387
60,754
Percent of
Total
0.5
4.9
5.6
6.9
7.0
16.6
11.0
19.9
11.8
3.8
12.3
100.0
Average
Federal Tax
Rate 5
1.6
0.7
2.4
4.3
6.0
9.2
13.4
17.7
24.6
32.0
39.6
18.2
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0412-8).
* 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 index the tax system using the chained CPI beginning after 2014. 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 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) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(4) 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.
(5) 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.