30-Jun-14
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T14-0057
Administration's FY 2015 Budget Proposal
Major Individual Income Tax Provisions
Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2015 ¹
Summary Table
Expanded Cash Income
2,3
Percentile
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Tax Units with Tax Increase or Cut 4
With Tax Cut
Pct of Tax Units
With Tax Increase
Avg Tax Cut
Pct of Tax Units
Avg Tax Increase
Percent Change
in After-Tax
5
Income
Share of Total
Federal Tax
Change
Average
Federal Tax
Change ($)
6
Average Federal Tax Rate
Change
(% Points)
Under the
Proposal
23.7
5.1
2.7
3.3
0.6
8.7
-531
-459
-678
-574
-141
-528
0.0
*
0.1
0.1
22.8
3.3
0
**
1,268
2,145
11,069
10,988
0.9
0.1
0.0
0.0
-1.0
-0.4
-10.7
-1.7
-1.1
-0.9
114.5
100.0
-126
-23
-18
-17
2,519
312
-0.8
-0.1
0.0
0.0
0.8
0.4
2.3
8.3
13.9
17.0
26.5
20.0
1.2
*
0.0
0.0
0.0
-141
**
0
0
0
0.6
6.9
78.5
97.7
99.5
2,461
1,353
3,412
39,150
231,092
0.0
-0.1
-0.9
-2.8
-3.8
0.3
1.1
24.4
88.7
54.8
14
93
2,677
38,264
230,014
0.0
0.0
0.7
1.8
2.4
19.2
21.0
25.0
36.1
39.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0613-3).
Number of AMT Taxpayers (millions). Baseline: 4.5
Proposal: 4.4
* Less than 0.05
** Insufficient data
(1) Calendar year. Baseline is current law. Proposal would (a) increase earned income tax credit for taxpayers without qualifying children by doubling maximum credit and expanding
age eligibility; (b) expand child and dependent care tax credit for qualifying children under 5; (c) limit the value of itemized deductions and certain other deductions and exclusions to
28 percent; and (d) enact the Fair Share Tax (“Buffett rule”). 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) The 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 2013 dollars):
20% $24,844; 40% $48,286; 60% $82,182; 80% $137,646; 90% $188,937; 95% $271,750; 99% $638,232; 99.9% $3,279,269.
(4) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(5) After-tax income is expanded 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 expanded cash income.
30-Jun-14
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T14-0057
Administration's FY 2015 Budget Proposal
Major Individual Income Tax Provisions
Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2015 ¹
Detail Table
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent of Tax Units4
With Tax Cut
With Tax
Increase
Percent Change
in After-Tax
5
Income
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
23.7
5.1
2.7
3.3
0.6
8.7
0.0
*
0.1
0.1
22.8
3.3
0.9
0.1
0.0
0.0
-1.0
-0.4
-10.7
-1.7
-1.1
-0.9
114.5
100.0
-126
-23
-18
-17
2,519
312
-27.0
-0.8
-0.2
-0.1
3.0
1.8
-0.2
-0.1
-0.2
-0.3
0.8
0.0
0.5
3.8
10.2
17.1
68.2
100.0
-0.8
-0.1
0.0
0.0
0.8
0.4
2.3
8.3
13.9
17.0
26.5
20.0
1.2
*
0.0
0.0
0.0
0.6
6.9
78.5
97.7
99.5
0.0
-0.1
-0.9
-2.8
-3.8
0.3
1.1
24.4
88.7
54.8
14
93
2,677
38,264
230,014
0.0
0.2
2.9
5.3
6.5
-0.2
-0.2
0.2
1.0
0.7
12.5
9.6
15.3
30.7
15.7
0.0
0.0
0.7
1.8
2.4
19.2
21.0
25.0
36.1
39.0
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile, 2015 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Number
(thousands)
Pre-Tax Income
Percent of Total
Average (dollars)
Federal Tax Burden
Percent of Total
Average (dollars)
Percent of
Total
After-Tax Income 5
Average (dollars)
Percent of
Total
Average
Federal Tax
6
Rate
43,476
36,374
32,412
26,575
23,244
163,798
26.5
22.2
19.8
16.2
14.2
100.0
15,006
37,120
66,179
111,245
325,092
89,403
4.5
9.2
14.7
20.2
51.6
100.0
466
3,097
9,220
18,924
83,522
17,604
0.7
3.9
10.4
17.4
67.3
100.0
14,541
34,023
56,959
92,321
241,570
71,799
5.4
10.5
15.7
20.9
47.7
100.0
3.1
8.3
13.9
17.0
25.7
19.7
11,605
5,784
4,668
1,186
122
7.1
3.5
2.9
0.7
0.1
165,124
232,934
383,706
2,109,944
9,678,353
13.1
9.2
12.2
17.1
8.1
31,623
48,827
93,287
722,424
3,542,476
12.7
9.8
15.1
29.7
15.0
133,502
184,107
290,419
1,387,520
6,135,877
13.2
9.1
11.5
14.0
6.4
19.2
21.0
24.3
34.2
36.6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0613-3).
Number of AMT Taxpayers (millions). Baseline: 4.5
Proposal: 4.4
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would (a) increase earned income tax credit for taxpayers without qualifying children by doubling maximum credit and expanding
age eligibility; (b) expand child and dependent care tax credit for qualifying children under 5; (c) limit the value of itemized deductions and certain other deductions and exclusions to
28 percent; and (d) enact the Fair Share Tax (“Buffett rule”). 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) The 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 2013 dollars): 20% $24,844; 40%
$48,286; 60% $82,182; 80% $137,646; 90% $188,937; 95% $271,750; 99% $638,232; 99.9% $3,279,269.
(4) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(5) After-tax income is expanded 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 expanded cash income.
30-Jun-14
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T14-0057
Administration's FY 2015 Budget Proposal
Major Individual Income Tax Provisions
Distribution of Federal Tax Change by Expanded Cash Income Percentile Adjusted for Family Size, 2015 ¹
Detail Table
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent of Tax Units4
With Tax Cut
With Tax
Increase
Percent Change
in After-Tax
5
Income
Share of Total
Federal Tax
Change
Share of Federal Taxes
Average Federal Tax Change
Dollars
Change
(% Points)
Percent
Under the
Proposal
Average Federal Tax Rate6
Change
(% Points)
Under the
Proposal
23.6
10.3
4.4
2.6
0.2
8.7
0.0
0.1
*
*
17.5
3.3
0.9
0.1
0.1
0.0
-1.0
-0.4
-9.1
-2.9
-1.7
-0.7
114.6
100.0
-132
-44
-28
-12
1,938
312
152.2
-2.0
-0.4
-0.1
2.8
1.8
-0.2
-0.1
-0.2
-0.3
0.7
0.0
-0.3
2.5
7.8
16.4
73.3
100.0
-0.9
-0.1
-0.1
0.0
0.7
0.4
-1.5
6.4
12.2
16.4
26.2
20.0
0.4
*
0.0
0.0
0.0
0.1
6.7
57.7
96.4
99.3
0.0
-0.1
-0.8
-2.7
-3.8
0.1
2.8
21.9
89.8
58.2
2
188
1,892
32,529
206,884
0.0
0.5
2.4
5.2
6.6
-0.3
-0.1
0.1
1.0
0.7
14.1
10.9
16.5
31.8
16.4
0.0
0.1
0.6
1.8
2.4
19.2
21.4
24.6
35.8
39.0
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile Adjusted for Family Size, 2015 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Number
(thousands)
Pre-Tax Income
Percent of Total
Average (dollars)
Federal Tax Burden
Percent of Total
Average (dollars)
Percent of
Total
After-Tax Income 5
Average (dollars)
Percent of
Total
Average
Federal Tax
6
Rate
35,361
33,995
32,189
30,310
30,227
163,798
21.6
20.8
19.7
18.5
18.5
100.0
14,169
33,076
58,384
96,483
272,313
89,403
3.4
7.7
12.8
20.0
56.2
100.0
-86
2,164
7,167
15,872
69,267
17,604
-0.1
2.6
8.0
16.7
72.6
100.0
14,255
30,912
51,218
80,610
203,046
71,799
4.3
8.9
14.0
20.8
52.2
100.0
-0.6
6.5
12.3
16.5
25.4
19.7
15,280
7,613
5,921
1,412
144
9.3
4.7
3.6
0.9
0.1
141,165
196,601
333,072
1,845,253
8,564,806
14.7
10.2
13.5
17.8
8.4
27,135
41,934
79,978
627,750
3,131,551
14.4
11.1
16.4
30.7
15.6
114,030
154,667
253,094
1,217,503
5,433,255
14.8
10.0
12.7
14.6
6.7
19.2
21.3
24.0
34.0
36.6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0613-3).
Number of AMT Taxpayers (millions). Baseline: 4.5
Proposal: 4.4
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would (a) increase earned income tax credit for taxpayers without qualifying children by doubling maximum credit and expanding
age eligibility; (b) expand child and dependent care tax credit for qualifying children under 5; (c) limit the value of itemized deductions and certain other deductions and exclusions to
28 percent; and (d) enact the Fair Share Tax (“Buffett rule”). 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) The 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 2013 dollars): 20% $17,272; 40% $31,839; 60% $52,010; 80% $82,156; 90% $114,150; 95% $160,278; 99%
$376,776; 99.9% $1,971,618.
(4) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(5) After-tax income is expanded 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 expanded cash income.
30-Jun-14
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T14-0057
Administration's FY 2015 Budget Proposal
Major Individual Income Tax Provisions
Distribution of Federal Tax Change by Expanded Cash Income Percentile Adjusted for Family Size, 2015 ¹
Detail Table - Single Tax Units
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent of Tax Units4
With Tax Cut
With Tax
Increase
Percent Change
in After-Tax
5
Income
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Share of Federal Taxes
Change
(% Points)
Percent
Under the
Proposal
6
Average Federal Tax Rate
Change
(% Points)
Under the
Proposal
32.9
13.9
2.8
0.4
0.1
13.8
0.0
*
0.0
0.0
9.1
1.1
1.8
0.3
0.0
0.0
-0.8
-0.1
-143.3
-36.6
-7.3
-0.8
289.7
100.0
-186
-57
-15
-2
956
38
-34.9
-2.6
-0.3
0.0
2.1
0.4
-0.6
-0.2
-0.1
-0.1
1.0
0.0
1.1
5.9
12.6
21.4
58.7
100.0
-1.7
-0.2
0.0
0.0
0.6
0.1
3.1
8.7
13.8
18.7
26.5
18.8
0.2
*
0.0
0.0
0.0
*
0.1
35.7
91.8
98.9
0.0
0.0
-0.4
-3.0
-4.8
-0.1
0.1
32.3
257.3
193.1
0
1
645
24,321
182,428
0.0
0.0
1.1
5.5
7.7
-0.1
-0.1
0.1
1.0
0.8
14.4
11.1
12.3
20.9
11.4
0.0
0.0
0.3
1.9
3.0
21.2
23.2
24.7
37.0
41.4
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile Adjusted for Family Size, 2015 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Number
(thousands)
Pre-Tax Income
Percent of Total
Average (dollars)
Federal Tax Burden
Percent of Total
Average (dollars)
Percent of
Total
After-Tax Income 5
Average (dollars)
Percent of
Total
Average
Federal Tax
6
Rate
21,755
17,975
14,155
11,194
8,551
74,471
29.2
24.1
19.0
15.0
11.5
100.0
11,102
25,209
43,007
68,398
173,155
47,608
6.8
12.8
17.2
21.6
41.8
100.0
533
2,238
5,941
12,761
44,838
8,920
1.8
6.1
12.7
21.5
57.7
100.0
10,569
22,971
37,066
55,637
128,317
38,688
8.0
14.3
18.2
21.6
38.1
100.0
4.8
8.9
13.8
18.7
25.9
18.7
4,538
2,301
1,414
299
30
6.1
3.1
1.9
0.4
0.0
99,922
138,499
234,525
1,262,728
6,143,359
12.8
9.0
9.4
10.6
5.2
21,205
32,067
57,330
443,315
2,360,001
14.5
11.1
12.2
19.9
10.6
78,718
106,432
177,195
819,413
3,783,358
12.4
8.5
8.7
8.5
3.9
21.2
23.2
24.5
35.1
38.4
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0613-3).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would (a) increase earned income tax credit for taxpayers without qualifying children by doubling maximum credit and expanding
age eligibility; (b) expand child and dependent care tax credit for qualifying children under 5; (c) limit the value of itemized deductions and certain other deductions and exclusions to
28 percent; and (d) enact the Fair Share Tax (“Buffett rule”). 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) The 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 2013 dollars): 20% $17,272; 40% $31,839; 60% $52,010; 80% $82,156; 90% $114,150; 95% $160,278; 99%
$376,776; 99.9% $1,971,618.
(4) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(5) After-tax income is expanded 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 expanded cash income.
30-Jun-14
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T14-0057
Administration's FY 2015 Budget Proposal
Major Individual Income Tax Provisions
Distribution of Federal Tax Change by Expanded Cash Income Percentile Adjusted for Family Size, 2015 ¹
Detail Table - Married Tax Units Filing Jointly
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent of Tax Units4
With Tax Cut
With Tax
Increase
Percent Change
in After-Tax
5
Income
Share of Total
Federal Tax
Change
Average Federal Tax Change
Dollars
Percent
Share of Federal Taxes
Change
(% Points)
Under the
Proposal
6
Average Federal Tax Rate
Change
(% Points)
Under the
Proposal
10.0
6.7
5.3
3.8
0.1
3.9
0.0
0.2
0.1
*
21.1
6.8
0.2
0.1
0.1
0.0
-1.0
-0.6
-0.6
-0.6
-0.8
-0.5
102.5
100.0
-48
-31
-31
-15
2,342
733
14.9
-1.2
-0.4
-0.1
2.9
2.3
0.0
0.0
-0.1
-0.3
0.5
0.0
-0.1
1.0
4.9
13.9
80.1
100.0
-0.2
-0.1
0.0
0.0
0.7
0.5
-1.9
5.7
11.0
15.4
26.0
21.5
0.3
*
0.0
0.0
0.0
0.1
8.8
64.3
98.0
99.6
0.0
-0.1
-0.8
-2.6
-3.6
0.0
2.7
21.5
78.2
48.5
1
254
2,294
34,027
211,082
0.0
0.5
2.6
5.0
6.3
-0.3
-0.2
0.1
1.0
0.7
14.2
11.2
18.7
36.1
18.0
0.0
0.1
0.6
1.7
2.3
18.5
20.8
24.5
35.5
38.6
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile Adjusted for Family Size, 2015 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Number
(thousands)
Pre-Tax Income
Percent of Total
Average (dollars)
Federal Tax Burden
Percent of Total
Average (dollars)
Percent of
Total
After-Tax Income 5
Average (dollars)
Percent of
Total
Average
Federal Tax
6
Rate
5,320
8,306
12,244
15,779
19,975
62,259
8.6
13.3
19.7
25.3
32.1
100.0
20,017
44,644
74,496
117,945
318,232
154,113
1.1
3.9
9.5
19.4
66.3
100.0
-322
2,561
8,251
18,157
80,351
32,396
-0.1
1.1
5.0
14.2
79.6
100.0
20,339
42,083
66,245
99,788
237,881
121,717
1.4
4.6
10.7
20.8
62.7
100.0
-1.6
5.7
11.1
15.4
25.3
21.0
9,739
4,911
4,276
1,049
105
15.6
7.9
6.9
1.7
0.2
162,018
226,510
368,149
1,993,841
9,187,150
16.5
11.6
16.4
21.8
10.0
29,980
46,855
87,711
674,583
3,335,598
14.5
11.4
18.6
35.1
17.3
132,038
179,654
280,438
1,319,258
5,851,553
17.0
11.6
15.8
18.3
8.1
18.5
20.7
23.8
33.8
36.3
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0613-3).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would (a) increase earned income tax credit for taxpayers without qualifying children by doubling maximum credit and expanding
age eligibility; (b) expand child and dependent care tax credit for qualifying children under 5; (c) limit the value of itemized deductions and certain other deductions and exclusions to
28 percent; and (d) enact the Fair Share Tax (“Buffett rule”). 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) The 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 2013 dollars): 20% $17,272; 40% $31,839; 60% $52,010; 80% $82,156; 90% $114,150; 95% $160,278; 99%
$376,776; 99.9% $1,971,618.
(4) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(5) After-tax income is expanded 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 expanded cash income.
30-Jun-14
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T14-0057
Administration's FY 2015 Budget Proposal
Major Individual Income Tax Provisions
Distribution of Federal Tax Change by Expanded Cash Income Percentile Adjusted for Family Size, 2015 ¹
Detail Table - Head of Household Tax Units
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent of Tax Units4
Percent Change
in After-Tax
5
Income
With Tax Cut
With Tax
Increase
8.1
6.2
7.0
4.9
2.0
6.7
*
0.1
0.0
*
11.4
0.6
0.2
0.1
0.1
0.1
-0.7
0.0
3.2
0.1
0.0
0.0
0.0
*
3.2
59.1
89.5
96.4
0.0
-0.1
-0.8
-2.6
-3.6
Share of Total
Federal Tax
Change
Average Federal Tax Change
Share of Federal Taxes
Change
(% Points)
Under the
Proposal
6
Average Federal Tax Rate
Change
(% Points)
Under the
Proposal
Dollars
Percent
-164.1
-95.6
-142.1
-46.3
549.4
100.0
-45
-29
-62
-39
1,070
9
2.7
-2.1
-0.8
-0.2
2.1
0.2
-0.3
-0.2
-0.3
-0.1
0.8
0.0
-10.2
7.3
29.2
30.6
43.1
100.0
-0.2
-0.1
-0.1
0.0
0.5
0.0
-9.2
3.4
12.3
16.9
24.8
10.9
-2.7
10.6
135.6
406.0
245.9
-8
106
1,875
29,118
189,108
0.0
0.3
2.6
5.1
6.4
0.0
0.0
0.2
0.6
0.4
14.5
6.4
8.7
13.5
6.6
0.0
0.1
0.6
1.7
2.3
20.4
21.8
25.1
35.1
38.1
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile Adjusted for Family Size, 2015 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Number
(thousands)
Pre-Tax Income
Percent of Total
Average (dollars)
Federal Tax Burden
Percent of Total
Average (dollars)
Percent of
Total
After-Tax Income 5
Average (dollars)
Percent of
Total
Average
Federal Tax
6
Rate
7,977
7,174
4,992
2,595
1,112
24,016
33.2
29.9
20.8
10.8
4.6
100.0
18,688
39,600
63,863
93,366
209,453
51,174
12.1
23.1
25.9
19.7
19.0
100.0
-1,672
1,384
7,893
15,854
50,927
5,576
-10.0
7.4
29.4
30.7
42.3
100.0
20,360
38,216
55,969
77,512
158,526
45,598
14.8
25.0
25.5
18.4
16.1
100.0
-9.0
3.5
12.4
17.0
24.3
10.9
707
218
157
30
3
2.9
0.9
0.7
0.1
0.0
134,514
181,693
297,777
1,707,169
8,275,375
7.7
3.2
3.8
4.2
1.9
27,486
39,406
72,752
570,036
2,964,172
14.5
6.4
8.5
12.9
6.2
107,028
142,288
225,026
1,137,133
5,311,204
6.9
2.8
3.2
3.1
1.4
20.4
21.7
24.4
33.4
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 0613-3).
* Less than 0.05
(1) Calendar year. Baseline is current law. Proposal would (a) increase earned income tax credit for taxpayers without qualifying children by doubling maximum credit and expanding
age eligibility; (b) expand child and dependent care tax credit for qualifying children under 5; (c) limit the value of itemized deductions and certain other deductions and exclusions to
28 percent; and (d) enact the Fair Share Tax (“Buffett rule”). 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) The 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 2013 dollars): 20% $17,272; 40% $31,839; 60% $52,010; 80% $82,156; 90% $114,150; 95% $160,278; 99%
$376,776; 99.9% $1,971,618.
(4) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(5) After-tax income is expanded 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 expanded cash income.
30-Jun-14
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T14-0057
Administration's FY 2015 Budget Proposal
Major Individual Income Tax Provisions
Distribution of Federal Tax Change by Expanded Cash Income Percentile Adjusted for Family Size, 2015 ¹
Detail Table - Tax Units with Children
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent of Tax Units4
Percent Change
in After-Tax
5
Income
Share of Total
Federal Tax
Change
With Tax Cut
With Tax
Increase
0.6
3.2
6.6
6.6
0.6
3.6
*
0.2
0.1
*
27.5
4.8
0.0
0.0
0.1
0.0
-1.0
-0.5
1.2
*
0.0
0.0
0.0
0.3
20.8
90.1
98.8
99.8
0.0
-0.3
-1.2
-2.4
-3.2
Average Federal Tax Change
Share of Federal Taxes
Change
(% Points)
Under the
Proposal
6
Average Federal Tax Rate
Change
(% Points)
Under the
Proposal
Dollars
Percent
-0.1
-0.7
-2.4
-1.4
104.5
100.0
-2
-14
-53
-30
2,689
441
0.1
-0.9
-0.5
-0.1
3.0
2.0
0.0
-0.1
-0.2
-0.4
0.7
0.0
-1.9
1.5
8.8
18.8
72.6
100.0
0.0
0.0
-0.1
0.0
0.8
0.4
-10.2
3.6
12.2
16.1
26.3
19.0
0.1
5.7
30.3
68.3
38.5
7
600
4,052
35,680
216,018
0.0
1.1
3.8
4.6
5.5
-0.3
-0.1
0.3
0.8
0.5
14.0
10.8
16.5
31.3
14.7
0.0
0.2
0.9
1.6
2.0
19.1
21.3
25.5
35.8
38.5
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile Adjusted for Family Size, 2015 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Number
(thousands)
Pre-Tax Income
Percent of Total
Average (dollars)
Federal Tax Burden
Percent of Total
Average (dollars)
Percent of
Total
After-Tax Income 5
Average (dollars)
Percent of
Total
Average
Federal Tax
6
Rate
10,705
10,704
10,325
10,260
8,772
51,185
20.9
20.9
20.2
20.0
17.1
100.0
19,909
45,013
78,905
128,289
355,880
116,097
3.6
8.1
13.7
22.2
52.5
100.0
-2,030
1,641
9,670
20,729
90,823
21,631
-2.0
1.6
9.0
19.2
72.0
100.0
21,939
43,372
69,235
107,560
265,057
94,467
4.9
9.6
14.8
22.8
48.1
100.0
-10.2
3.7
12.3
16.2
25.5
18.6
4,493
2,159
1,689
432
40
8.8
4.2
3.3
0.8
0.1
184,228
265,866
434,087
2,284,464
10,700,967
13.9
9.7
12.3
16.6
7.3
35,080
56,141
106,402
782,710
3,907,987
14.2
11.0
16.2
30.6
14.2
149,148
209,725
327,685
1,501,754
6,792,980
13.9
9.4
11.4
13.4
5.7
19.0
21.1
24.5
34.3
36.5
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0613-3).
* 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 (a) increase earned income tax credit for taxpayers without qualifying children by doubling maximum credit and expanding
age eligibility; (b) expand child and dependent care tax credit for qualifying children under 5; (c) limit the value of itemized deductions and certain other deductions and exclusions to
28 percent; and (d) enact the Fair Share Tax (“Buffett rule”). 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) The 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 2013 dollars): 20% $17,272; 40% $31,839; 60% $52,010; 80% $82,156; 90% $114,150; 95% $160,278; 99%
$376,776; 99.9% $1,971,618.
(4) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(5) After-tax income is expanded 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 expanded cash income.
30-Jun-14
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T14-0057
Administration's FY 2015 Budget Proposal
Major Individual Income Tax Provisions
Distribution of Federal Tax Change by Expanded Cash Income Percentile Adjusted for Family Size, 2015 ¹
Detail Table - Elderly Tax Units
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Percent of Tax Units4
Percent Change
in After-Tax
5
Income
Share of Total
Federal Tax
Change
With Tax Cut
With Tax
Increase
0.5
3.2
4.2
0.3
*
1.9
0.0
0.0
*
*
14.0
2.3
0.0
0.1
0.0
0.0
-1.3
-0.6
*
0.0
0.0
0.0
0.0
0.0
0.9
40.8
92.8
99.0
0.0
0.0
-0.4
-3.7
-5.5
Average Federal Tax Change
Share of Federal Taxes
Change
(% Points)
Under the
Proposal
6
Average Federal Tax Rate
Change
(% Points)
Under the
Proposal
Dollars
Percent
-0.1
-1.1
-1.0
-0.1
102.3
100.0
-2
-17
-19
-1
2,470
402
-2.1
-2.5
-0.6
0.0
3.8
3.0
0.0
-0.1
-0.2
-0.4
0.6
0.0
0.1
1.2
5.2
12.7
80.6
100.0
0.0
-0.1
0.0
0.0
0.9
0.5
0.7
2.4
6.3
12.1
25.8
17.6
0.0
0.2
7.7
94.4
66.5
0
16
879
40,786
267,686
0.0
0.1
1.3
7.0
9.4
-0.4
-0.3
-0.3
1.6
1.3
12.2
9.2
17.7
41.5
22.3
0.0
0.0
0.3
2.4
3.5
16.0
19.5
23.3
36.7
40.3
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Baseline Distribution of Income and Federal Taxes
by Expanded Cash Income Percentile Adjusted for Family Size, 2015 ¹
Expanded Cash Income
Percentile2,3
Lowest Quintile
Second Quintile
Middle Quintile
Fourth Quintile
Top Quintile
All
Tax Units
Number
(thousands)
Pre-Tax Income
Percent of Total
Average (dollars)
Federal Tax Burden
Percent of Total
Average (dollars)
Percent of
Total
After-Tax Income 5
Average (dollars)
Percent of
Total
Average
Federal Tax
6
Rate
6,889
9,257
8,322
6,310
6,185
37,154
18.5
24.9
22.4
17.0
16.7
100.0
13,324
28,006
51,350
86,346
262,801
79,405
3.1
8.8
14.5
18.5
55.1
100.0
98
695
3,263
10,475
65,237
13,590
0.1
1.3
5.4
13.1
79.9
100.0
13,227
27,310
48,087
75,871
197,564
65,815
3.7
10.3
16.4
19.6
50.0
100.0
0.7
2.5
6.4
12.1
24.8
17.1
3,138
1,393
1,309
346
37
8.4
3.8
3.5
0.9
0.1
126,820
175,624
301,720
1,700,630
7,752,932
13.5
8.3
13.4
19.9
9.8
20,265
34,137
69,296
583,255
2,853,283
12.6
9.4
18.0
39.9
21.0
106,554
141,487
232,425
1,117,375
4,899,649
13.7
8.1
12.4
15.8
7.4
16.0
19.4
23.0
34.3
36.8
Addendum
80-90
90-95
95-99
Top 1 Percent
Top 0.1 Percent
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0613-3).
* 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 (a) increase earned income tax credit for taxpayers without qualifying children by doubling maximum credit and expanding
age eligibility; (b) expand child and dependent care tax credit for qualifying children under 5; (c) limit the value of itemized deductions and certain other deductions and exclusions to
28 percent; and (d) enact the Fair Share Tax (“Buffett rule”). 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) The 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 2013 dollars): 20% $17,272; 40% $31,839; 60% $52,010; 80% $82,156; 90% $114,150; 95% $160,278; 99%
$376,776; 99.9% $1,971,618.
(4) Includes tax units with a change in federal tax burden of $10 or more in absolute value.
(5) After-tax income is expanded 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 expanded cash income.