tax provisions in the house budget...

Tax Provisions in the House Budget Plan March 15 2013 - The Tax Policy Center has released three tables examining the revenue and distributional effects of the tax components of the House budget plan presented by Paul Ryan (R-WI) this week. TPC estimates that the specified provisions of the budget's tax plan—setting individual tax rates at 10% and 25%, cutting the corporate tax rate from 35% to 25%, and repealing the AMT and Obamacare taxes—would reduce revenues by $5.7 trillion over the 2014-2023 period. That is the amount of revenue that base-broadening and other changes to the tax code would have to collect to make the entire plan revenue neutral. Additionally: • Tax savings from the specified provisions would disproportionately benefit higher-income households.

Overall, taxes would fall by an average of $3,000 per tax unit in 2015, raising after-tax incomes by about 5%.

• • Households in the middle quintile would save an average of about $900, lifting their after-tax income not

quite 2%. • • Households in the lowest quintile would get tax cuts averaging just $40, about 0.3% of their after-tax

income. • • Households in the top quintile would get average tax cuts of more than $16,000, increasing their after-tax

income by more than 8%. • • Households in the top 1%—those with income over about $575,000—would see their taxes fall an average

of more than $225,000 and their after-tax income rise by 17%.

Doc 2013-6235 (17 pgs)

Doc 2013-6235 (17 pgs)

15-Mar-13 PRELIMINARY RESULTS http://www.taxpolicycenter.org

Less than 10 54.6 -41 0.0 0 0.5 0.1 -24 -0.4 2.9

10-20 68.2 -61 0.0 0 0.3 0.2 -42 -0.3 1.6

20-30 86.6 -168 0.0 0 0.6 0.6 -146 -0.6 6.1

30-40 96.0 -385 0.0 0 1.1 1.4 -369 -1.0 10.6

40-50 98.9 -666 0.0 0 1.6 2.0 -659 -1.4 12.9

50-75 99.6 -1,100 0.0 0 2.1 6.1 -1,095 -1.7 15.5

75-100 99.7 -1,914 0.0 0 2.6 6.1 -1,909 -2.1 17.5

100-200 100.0 -3,175 0.0 0 3.0 14.3 -3,174 -2.3 19.9

200-500 100.0 -9,873 0.0 0 4.6 12.1 -9,873 -3.4 22.9

500-1,000 100.0 -52,184 0.0 0 11.1 9.2 -52,183 -7.5 24.6

More than 1,000 100.0 -408,505 0.0 0 18.9 47.9 -408,497 -11.6 27.2

All 89.1 -3,386 0.0 0 5.0 100.0 -3,018 -3.8 18.9

Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0412-8).

* Less than 0.05

** Insufficient data

http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm

Avg Tax

Increase

(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.

Number of AMT Taxpayers (millions). Baseline: 4.0 Proposal: 0.0

(1) Calendar year. Baseline is current law. Proposal would eliminate the alternative minimum tax; reduce the 15 percent statutory rate to 10 percent; reduce all statutory rates

over 25 percent to 25 percent (the resolution's goal is a top rate of 25 percent); reduce the corporate tax rate to 25 percent; and repeal the taxes in the 2010 health reform law.

For the latter, this table includes the effects of repealing: the 0.9 percent additional tax on earnings; the 3.8 percent additional tax on investment income; and the increase in the

AGI floor to 10 percent for deductible medical expenses. It does not include repealing: the health insurer excise tax; the excise tax on high-premium insurance plans; employer

penalties; and the premium assistance credit. For a description of TPC's current law baseline, see

Share of

Total

Federal Tax

Change

Average

Federal Tax

Change ($)

Average Federal Tax Rate5

With Tax Cut With Tax IncreaseChange (%

Points)

Under the

ProposalPct of Tax

UnitsAvg Tax Cut

Pct of Tax

Units

Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.

Table T13-0110

FY2014 House Budget Proposal (Without Unspecified Revenue Raisers)

Baseline: Current Law

Distribution of Federal Tax Change by Cash Income Level, 2015 1

THIS TABLE DOES NOT ESTIMATE THE DISTRIBUTIONAL EFFECTS OF THE ENTIRE FY2014 BUDGET RESOLUTION PROPOSED BY REP. PAUL RYAN (R-WI). THROUGH MEASURES

THAT ARE NOT SPECIFIED, THE PROPOSED RESOLUTION PLEDGES TO RAISE THE SAME AMOUNT OF REVENUE AS CBO'S BASELINE PROJECTION FOR CURRENT LAW.

Summary Table

Cash Income Level

(thousands of 2012

dollars) 2

Tax Units with Tax Increase or Cut 3 Percent

Change in

After-Tax

Income 4

Doc 2013-6235 (17 pgs)

http://www.taxpolicycenter.org/




Less than 10 54.6 0.0 0.5 0.1 -24 -13.2 0.0 0.1 -0.4 2.9

10-20 68.2 0.0 0.3 0.2 -42 -14.2 0.0 0.2 -0.3 1.6

20-30 86.6 0.0 0.6 0.6 -146 -8.5 0.1 1.3 -0.6 6.1

30-40 96.0 0.0 1.1 1.4 -369 -8.7 0.3 2.9 -1.0 10.6

40-50 98.9 0.0 1.6 2.0 -659 -9.8 0.3 3.7 -1.4 12.9

50-75 99.6 0.0 2.1 6.1 -1,095 -10.0 0.9 11.2 -1.7 15.5

75-100 99.7 0.0 2.6 6.1 -1,909 -10.7 0.7 10.3 -2.1 17.5

100-200 100.0 0.0 3.0 14.3 -3,174 -10.5 1.8 24.8 -2.3 19.9

200-500 100.0 0.0 4.6 12.1 -9,873 -13.0 0.7 16.4 -3.4 22.9

500-1,000 100.0 0.0 11.1 9.2 -52,183 -23.4 -0.5 6.1 -7.5 24.6

More than 1,000 100.0 0.0 18.9 47.9 -408,497 -29.8 -4.2 22.9 -11.6 27.2

All 89.1 0.0 5.0 100.0 -3,018 -16.9 0.0 100.0 -3.8 18.9

Less than 10 13,758 8.6 5,491 0.6 181 0.1 5,310 0.8 3.3

10-20 22,829 14.2 15,580 2.8 296 0.2 15,283 3.6 1.9

20-30 19,028 11.9 25,863 3.9 1,724 1.2 24,139 4.7 6.7

30-40 17,708 11.1 36,613 5.2 4,232 2.6 32,381 5.9 11.6

40-50 14,571 9.1 46,902 5.4 6,718 3.4 40,184 6.0 14.3

50-75 26,865 16.8 63,716 13.6 10,981 10.3 52,735 14.6 17.2

75-100 15,478 9.7 90,823 11.2 17,778 9.6 73,045 11.6 19.6

100-200 21,848 13.6 136,192 23.6 30,204 23.0 105,988 23.8 22.2

200-500 5,910 3.7 288,460 13.5 75,836 15.7 212,624 12.9 26.3

500-1,000 854 0.5 693,862 4.7 223,053 6.7 470,809 4.1 32.2

More than 1,000 567 0.4 3,536,837 15.9 1,369,639 27.1 2,167,199 12.6 38.7

All 160,282 100.0 78,595 100.0 17,872 100.0 60,723 100.0 22.7


* Less than 0.05



(1) Calendar year. Baseline is current law. Proposal would eliminate the alternative minimum tax; reduce the 15 percent statutory rate to 10 percent; reduce all statutory rates over 25 percent to 25 percent (the

resolution's goal is a top rate of 25 percent); reduce the corporate tax rate to 25 percent; and repeal the taxes in the 2010 health reform law. For the latter, this table includes the effects of repealing: the 0.9 percent

additional tax on earnings; the 3.8 percent additional tax on investment income; and the increase in the AGI floor to 10 percent for deductible medical expenses. It does not include repealing: the health insurer

excise tax; the excise tax on high-premium insurance plans; employer penalties; and the premium assistance credit. For a description of TPC's current law baseline, see


(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




Percent of

Total

Number

(thousands)

Percent of

TotalAverage (dollars)

Percent of


Percent of

Total

Change (%

Points)

Baseline Distribution of Income and Federal Taxes

by Cash Income Level, 2015 1

Cash Income Level

(thousands of 2012

dollars) 2

Tax Units Pre-Tax Income Federal Tax Burden After-Tax Income 4 Average

Federal Tax

Rate 5Average (dollars)

Average Federal Tax Change Share of Federal Taxes Average Federal Tax Rate5

With Tax CutUnder the

Proposal

With Tax

IncreaseDollars Percent

Change (%

Points)

Under the

Proposal

Table T13-0110




THIS TABLE DOES NOT ESTIMATE THE DISTRIBUTIONAL EFFECTS OF THE ENTIRE FY2014 BUDGET RESOLUTION PROPOSED BY REP. PAUL RYAN (R-WI). THROUGH MEASURES THAT ARE NOT SPECIFIED, THE

PROPOSED RESOLUTION PLEDGES TO RAISE THE SAME AMOUNT OF REVENUE AS CBO'S BASELINE PROJECTION FOR CURRENT LAW.

Detail Table

Cash Income Level

(thousands of 2012

dollars) 2

Percent of Tax Units 3 Percent Change

in After-Tax

Income 4

Share of Total

Federal Tax

Change

Doc 2013-6235 (17 pgs)





Less than 10 52.9 0.0 0.4 0.3 -22 -5.5 0.1 0.7 -0.4 7.0

10-20 59.1 0.0 0.3 0.7 -38 -3.7 0.3 2.6 -0.3 6.4

20-30 84.2 0.0 0.8 2.3 -189 -6.6 0.4 5.1 -0.7 10.5

30-40 97.4 0.0 1.8 5.7 -544 -10.0 0.3 7.9 -1.5 13.4

40-50 99.6 0.0 2.7 7.7 -1,031 -12.1 0.1 8.7 -2.2 16.1

50-75 99.8 0.0 3.1 17.4 -1,549 -11.4 0.5 21.0 -2.5 19.1

75-100 99.3 0.0 2.8 7.6 -1,886 -8.7 0.6 12.3 -2.1 21.9

100-200 99.9 0.0 2.9 9.9 -2,833 -8.2 1.0 17.1 -2.1 23.7

200-500 100.0 0.0 6.6 10.3 -13,595 -15.9 -0.3 8.4 -4.7 24.6

500-1,000 100.0 0.0 12.0 6.3 -55,562 -23.6 -0.4 3.2 -7.9 25.8

More than 1,000 100.0 0.0 19.3 31.8 -402,983 -27.6 -2.5 12.9 -11.4 29.8

All 81.1 0.0 3.7 100.0 -1,267 -13.4 0.0 100.0 -2.9 18.6

Less than 10 10,507 14.6 5,427 1.8 401 0.6 5,026 2.1 7.4

10-20 15,568 21.6 15,496 7.6 1,032 2.4 14,464 9.0 6.7

20-30 11,176 15.5 25,685 9.1 2,874 4.7 22,811 10.2 11.2

30-40 9,526 13.2 36,575 11.0 5,451 7.6 31,124 11.9 14.9

40-50 6,840 9.5 46,685 10.1 8,552 8.6 38,133 10.5 18.3

50-75 10,274 14.3 63,117 20.4 13,627 20.5 49,491 20.4 21.6

75-100 3,678 5.1 90,100 10.4 21,629 11.7 68,471 10.1 24.0

100-200 3,188 4.4 133,751 13.4 34,495 16.1 99,256 12.7 25.8

200-500 690 1.0 292,471 6.4 85,401 8.7 207,070 5.7 29.2

500-1,000 103 0.1 699,403 2.3 235,844 3.6 463,559 1.9 33.7

More than 1,000 72 0.1 3,544,924 8.0 1,460,930 15.4 2,083,994 6.0 41.2

All 72,071 100.0 44,035 100.0 9,459 100.0 34,577 100.0 21.5


* Less than 0.05



resolution's goal is a top rate of 25 percent); reduce the corporate tax rate to 25 percent; and repeal the taxes in the 2010 health reform law. For the latter, this table includes the effects of repealing: the 0.9

percent additional tax on earnings; the 3.8 percent additional tax on investment income; and the increase in the AGI floor to 10 percent for deductible medical expenses. It does not include repealing: the health

insurer excise tax; the excise tax on high-premium insurance plans; employer penalties; and the premium assistance credit. For a description of TPC's current law baseline, see







Percent of

Total

Number

(thousands)

Percent of


Percent of


Percent of

Total

Change (%

Points)



Cash Income Level

(thousands of 2012

dollars) 2


Federal Tax




Proposal

With Tax


Change (%

Points)

Under the

Proposal

Table T13-0110






Detail Table - Single Tax Units

Cash Income Level

(thousands of 2012

dollars) 2


in After-Tax

Income 4

Share of Total

Federal Tax

Change

Doc 2013-6235 (17 pgs)





Less than 10 50.5 0.0 1.0 0.0 -44 -29.8 0.0 0.0 -1.0 2.2

10-20 75.1 0.0 0.4 0.0 -60 21.0 0.0 -0.1 -0.4 -2.2

20-30 78.8 0.0 0.4 0.1 -92 -22.3 0.0 0.1 -0.4 1.2

30-40 88.7 0.0 0.4 0.1 -126 -5.8 0.1 0.5 -0.3 5.6

40-50 97.2 0.0 0.5 0.3 -199 -4.9 0.2 1.1 -0.4 8.1

50-75 99.4 0.0 1.2 2.2 -662 -7.8 0.7 5.9 -1.0 12.2

75-100 99.9 0.0 2.5 5.3 -1,865 -11.5 0.7 8.9 -2.0 15.7

100-200 100.0 0.0 3.0 15.7 -3,197 -10.9 2.3 28.3 -2.3 19.0

200-500 100.0 0.0 4.3 12.7 -9,075 -12.2 1.4 20.3 -3.2 22.6

500-1,000 100.0 0.0 10.9 10.4 -51,515 -23.3 -0.5 7.6 -7.4 24.5

More than 1,000 100.0 0.0 18.8 53.0 -402,812 -30.1 -4.7 27.3 -11.6 26.8

All 95.7 0.0 5.8 100.0 -5,802 -18.1 0.0 100.0 -4.4 19.8

Less than 10 1,225 2.0 4,634 0.1 147 0.0 4,486 0.1 3.2

10-20 2,482 4.0 16,145 0.5 -287 0.0 16,431 0.7 -1.8

20-30 3,253 5.3 26,193 1.0 411 0.1 25,783 1.4 1.6

30-40 3,949 6.4 36,813 1.8 2,182 0.4 34,631 2.2 5.9

40-50 4,568 7.4 47,297 2.6 4,038 0.9 43,259 3.2 8.5

50-75 12,103 19.6 64,376 9.5 8,541 5.2 55,834 10.9 13.3

75-100 10,130 16.4 91,232 11.3 16,176 8.3 75,056 12.3 17.7

100-200 17,635 28.5 136,887 29.5 29,256 26.1 107,631 30.6 21.4

200-500 5,043 8.2 287,748 17.8 74,207 18.9 213,541 17.4 25.8

500-1,000 725 1.2 692,769 6.1 221,174 8.1 471,595 5.5 31.9

More than 1,000 473 0.8 3,483,115 20.2 1,337,579 31.9 2,145,536 16.4 38.4

All 61,905 100.0 132,067 100.0 31,997 100.0 100,070 100.0 24.2


* Less than 0.05












Percent of

Total

Number

(thousands)

Percent of


Percent of


Percent of

Total

Change (%

Points)



Cash Income Level

(thousands of 2012

dollars) 2


Federal Tax




Proposal

With Tax


Change (%

Points)

Under the

Proposal

Table T13-0110






Detail Table - Married Tax Units Filing Jointly

Cash Income Level

(thousands of 2012

dollars) 2


in After-Tax

Income 4

Share of Total

Federal Tax

Change

Doc 2013-6235 (17 pgs)





Less than 10 67.0 0.0 0.3 0.2 -19 1.8 -0.3 -1.6 -0.3 -16.5

10-20 94.4 0.0 0.3 1.1 -44 2.2 -1.2 -7.6 -0.3 -13.2

20-30 98.2 0.0 0.3 1.6 -69 15.5 -0.5 -1.8 -0.3 -2.0

30-40 99.6 0.0 0.5 3.1 -155 -5.2 0.8 8.8 -0.4 7.8

40-50 99.8 0.0 1.1 6.7 -454 -7.2 0.9 13.3 -1.0 12.5

50-75 99.9 0.0 2.2 23.5 -1,136 -10.2 1.1 31.9 -1.8 15.8

75-100 99.8 0.0 2.6 13.9 -1,897 -10.4 0.6 18.5 -2.1 18.2

100-200 100.0 0.0 2.5 11.5 -2,524 -8.0 1.2 20.4 -1.9 22.0

200-500 100.0 0.0 6.3 9.4 -13,376 -17.0 -0.3 7.1 -4.6 22.6

500-1,000 100.0 0.0 10.8 4.7 -51,480 -23.5 -0.3 2.4 -7.4 24.0

More than 1,000 100.0 0.0 18.0 24.3 -376,144 -30.6 -2.1 8.5 -11.4 25.7

All 95.7 0.0 2.1 100.0 -800 -13.4 0.0 100.0 -1.8 11.8

Less than 10 1,905 8.0 6,415 1.2 -1,042 -1.4 7,457 1.6 -16.2

10-20 4,539 19.1 15,554 6.8 -2,006 -6.4 17,560 8.9 -12.9

20-30 4,290 18.1 26,064 10.7 -445 -1.4 26,509 12.7 -1.7

30-40 3,808 16.0 36,456 13.3 2,998 8.0 33,458 14.2 8.2

40-50 2,797 11.8 46,855 12.6 6,292 12.4 40,562 12.6 13.4

50-75 3,923 16.5 63,261 23.8 11,140 30.8 52,120 22.7 17.6

75-100 1,387 5.8 90,105 12.0 18,288 17.9 71,817 11.1 20.3

100-200 866 3.7 131,590 11.0 31,430 19.2 100,159 9.7 23.9

200-500 134 0.6 290,035 3.7 78,826 7.4 211,209 3.1 27.2

500-1,000 17 0.1 697,882 1.2 218,881 2.7 479,001 0.9 31.4

More than 1,000 12 0.1 3,314,596 3.9 1,227,823 10.6 2,086,774 2.9 37.0

All 23,746 100.0 43,843 100.0 5,976 100.0 37,867 100.0 13.6


* Less than 0.05












Percent of

Total

Number

(thousands)

Percent of


Percent of


Percent of

Total

Change (%

Points)



Cash Income Level

(thousands of 2012

dollars) 2


Federal Tax




Proposal

With Tax


Change (%

Points)

Under the

Proposal

Table T13-0110






Detail Table - Head of Household Tax Units

Cash Income Level

(thousands of 2012

dollars) 2


in After-Tax

Income 4

Share of Total

Federal Tax

Change

Doc 2013-6235 (17 pgs)





Less than 10 60.4 0.0 0.3 0.0 -22 1.9 -0.1 -0.3 -0.4 -19.3

10-20 96.5 0.0 0.3 0.1 -49 1.9 -0.3 -1.5 -0.3 -16.5

20-30 99.1 0.0 0.3 0.2 -76 6.2 -0.2 -0.7 -0.3 -5.0

30-40 99.5 0.0 0.4 0.4 -150 -7.0 0.1 1.1 -0.4 5.4

40-50 99.8 0.0 0.8 0.7 -330 -6.3 0.3 2.2 -0.7 10.4

50-75 100.0 0.0 1.5 3.6 -829 -8.2 0.9 8.6 -1.3 14.6

75-100 100.0 0.0 2.4 5.8 -1,755 -10.3 0.8 10.5 -1.9 16.7

100-200 100.0 0.0 2.8 15.4 -3,028 -10.1 2.3 28.8 -2.2 19.6

200-500 100.0 0.0 4.4 13.2 -9,311 -12.3 1.2 19.8 -3.2 23.0

500-1,000 100.0 0.0 10.8 10.4 -50,701 -22.8 -0.5 7.4 -7.3 24.7

More than 1,000 100.0 0.0 18.9 50.1 -394,599 -30.6 -4.6 24.0 -11.7 26.5

All 97.4 0.0 5.0 100.0 -3,839 -17.4 0.0 100.0 -3.9 18.5

Less than 10 2,529 5.0 5,929 0.3 -1,125 -0.3 7,053 0.5 -19.0

10-20 5,460 10.7 15,660 1.7 -2,539 -1.2 18,198 2.6 -16.2

20-30 5,227 10.3 25,991 2.7 -1,231 -0.6 27,222 3.7 -4.7

30-40 5,001 9.8 36,549 3.7 2,129 1.0 34,421 4.4 5.8

40-50 4,223 8.3 46,968 4.0 5,230 2.0 41,737 4.5 11.1

50-75 8,572 16.8 64,230 11.0 10,173 7.8 54,057 11.9 15.8

75-100 6,412 12.6 91,213 11.7 17,003 9.7 74,211 12.2 18.6

100-200 9,954 19.5 137,109 27.2 29,852 26.5 107,257 27.5 21.8

200-500 2,772 5.4 288,339 15.9 75,639 18.7 212,701 15.2 26.2

500-1,000 401 0.8 692,814 5.5 221,936 7.9 470,878 4.9 32.0

More than 1,000 249 0.5 3,372,806 16.7 1,288,516 28.5 2,084,290 13.3 38.2

All 50,995 100.0 98,292 100.0 22,023 100.0 76,268 100.0 22.4


* Less than 0.05

Note: Tax units with children are those claiming an exemption for children at home or away from home.












Percent of

Total

Number

(thousands)

Percent of


Percent of


Percent of

Total

Change (%

Points)



Cash Income Level

(thousands of 2012

dollars) 2


Federal Tax




Proposal

With Tax


Change (%

Points)

Under the

Proposal

Table T13-0110






Detail Table - Tax Units with Children

Cash Income Level

(thousands of 2012

dollars) 2


in After-Tax

Income 4

Share of Total

Federal Tax

Change

Doc 2013-6235 (17 pgs)





Less than 10 14.8 0.0 0.3 0.0 -16 -16.5 0.0 0.0 -0.3 1.3

10-20 17.7 0.0 0.1 0.1 -19 -16.8 0.0 0.2 -0.1 0.6

20-30 58.5 0.0 0.4 0.5 -99 -16.0 0.0 0.7 -0.4 2.0

30-40 86.7 0.0 0.6 0.9 -212 -13.5 0.1 1.5 -0.6 3.7

40-50 96.9 0.0 1.1 1.6 -462 -16.4 0.1 2.1 -1.0 5.0

50-75 98.8 0.0 1.6 5.6 -893 -15.4 0.5 8.1 -1.4 7.8

75-100 99.1 0.0 2.6 6.1 -1,989 -16.6 0.4 8.0 -2.2 11.2

100-200 100.0 0.0 3.3 14.4 -3,696 -15.5 1.3 20.5 -2.7 15.0

200-500 100.0 0.0 5.1 13.1 -11,156 -15.7 1.1 18.3 -3.9 20.7

500-1,000 100.0 0.0 11.6 9.5 -54,593 -24.6 -0.4 7.6 -7.9 24.1

More than 1,000 100.0 0.0 18.1 48.1 -386,748 -27.6 -3.2 32.9 -10.9 28.6

All 72.7 0.0 4.6 100.0 -2,799 -20.7 0.0 100.0 -3.8 14.4

Less than 10 1,763 4.9 5,956 0.4 95 0.0 5,861 0.5 1.6

10-20 6,759 18.6 15,952 4.0 115 0.2 15,838 4.9 0.7

20-30 4,929 13.6 25,739 4.7 618 0.6 25,121 5.6 2.4

30-40 4,354 12.0 36,653 5.9 1,572 1.4 35,081 6.9 4.3

40-50 3,514 9.7 46,902 6.1 2,822 2.0 44,079 7.0 6.0

50-75 6,388 17.6 63,256 15.0 5,799 7.6 57,457 16.6 9.2

75-100 3,121 8.6 89,803 10.4 12,016 7.6 77,787 11.0 13.4

100-200 3,950 10.9 134,735 19.7 23,858 19.2 110,877 19.9 17.7

200-500 1,190 3.3 289,039 12.8 71,101 17.2 217,938 11.8 24.6

500-1,000 177 0.5 692,539 4.5 221,741 8.0 470,798 3.8 32.0

More than 1,000 126 0.4 3,539,630 16.6 1,400,243 36.1 2,139,387 12.3 39.6

All 36,302 100.0 74,274 100.0 13,520 100.0 60,754 100.0 18.2


* Less than 0.05

Note: Elderly tax units are those with either head or spouse (if filing jointly) age 65 or older.












Percent of

Total

Number

(thousands)

Percent of


Percent of


Percent of

Total

Change (%

Points)



Cash Income Level

(thousands of 2012

dollars) 2


Federal Tax




Proposal

With Tax


Change (%

Points)

Under the

Proposal

Table T13-0110






Detail Table - Elderly Tax Units

Cash Income Level

(thousands of 2012

dollars) 2


in After-Tax

Income 4

Share of Total

Federal Tax

Change

Doc 2013-6235 (17 pgs)





Lowest Quintile 64.8 -60 0.0 0 0.3 0.3 -40 -0.3 2.2

Second Quintile 93.3 -330 0.0 0 1.0 2.3 -308 -0.9 9.5

Middle Quintile 99.4 -924 0.0 0 1.9 6.1 -918 -1.6 14.7

Fourth Quintile 99.8 -1,961 0.0 0 2.7 10.7 -1,957 -2.1 17.4

Top Quintile 100.0 -16,512 0.0 0 8.3 80.4 -16,510 -5.9 23.5

All 89.1 -3,386 0.0 0 5.0 100.0 -3,018 -3.8 18.9

Addendum

80-90 100.0 -3,152 0.0 0 3.0 7.7 -3,152 -2.4 19.9

90-95 100.0 -4,158 0.0 0 2.9 5.0 -4,157 -2.2 21.7

95-99 100.0 -12,904 0.0 0 5.5 12.5 -12,904 -4.0 23.1

Top 1 Percent 100.0 -227,420 0.0 0 17.4 55.2 -227,416 -10.9 26.7

Top 0.1 Percent 100.0 -1,230,993 0.0 0 20.2 30.5 -1,230,930 -12.1 27.9


* Less than 0.05

** Insufficient data

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) 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 2012 dollars): 20% $22,008; 40% $42,597; 60% $67,608; 80% $112,412; 90% $147,742; 95% $227,595; 99% $573,930; 99.9% $3,274,341.





(1) Calendar year. Baseline is current law. Proposal would eliminate the alternative minimum tax; reduce the 15 percent statutory rate to 10 percent; reduce all statutory rates over 25

percent to 25 percent (the resolution's goal is a top rate of 25 percent); reduce the corporate tax rate to 25 percent; and repeal the taxes in the 2010 health reform law. For the latter,

this table includes the effects of repealing: the 0.9 percent additional tax on earnings; the 3.8 percent additional tax on investment income; and the increase in the AGI floor to 10

percent for deductible medical expenses. It does not include repealing: the health insurer excise tax; the excise tax on high-premium insurance plans; employer penalties; and the

premium assistance credit. For a description of TPC's current law baseline, see

Cash Income Percentile2,3

Tax Units with Tax Increase or Cut 4 Percent

Change in

After-Tax

Income5

Share of

Total

Federal Tax

Change

With Tax IncreaseChange (%

Points)

Under the

ProposalPct of Tax

UnitsAvg Tax Cut

Pct of Tax

Units

Avg Tax

Increase

THIS TABLE DOES NOT ESTIMATE THE DISTRIBUTIONAL EFFECTS OF THE ENTIRE FY2014 BUDGET RESOLUTION PROPOSED BY REP. PAUL RYAN (R-WI). THROUGH MEASURES THAT

ARE NOT SPECIFIED, THE PROPOSED RESOLUTION PLEDGES TO RAISE THE SAME AMOUNT OF REVENUE AS CBO'S BASELINE PROJECTION FOR CURRENT LAW.

Distribution of Federal Tax Change by Cash Income Percentile, 2015 1

Summary Table

Click on PDF or Excel link above for additional tables containing more detail and breakdowns by filing status and demographic groups.

Table T13-0111



Average Federal

Tax Change ($)


With Tax Cut

Doc 2013-6235 (17 pgs)





Lowest Quintile 64.8 0.0 0.3 0.3 -40 -12.3 0.0 0.5 -0.3 2.2

Second Quintile 93.3 0.0 1.0 2.3 -308 -8.8 0.4 4.9 -0.9 9.5

Middle Quintile 99.4 0.0 1.9 6.1 -918 -9.9 0.9 11.2 -1.6 14.7

Fourth Quintile 99.8 0.0 2.7 10.7 -1,957 -10.9 1.2 17.8 -2.1 17.4

Top Quintile 100.0 0.0 8.3 80.4 -16,510 -20.0 -2.5 65.5 -5.9 23.5

All 89.1 0.0 5.0 100.0 -3,018 -16.9 0.0 100.0 -3.8 18.9

Addendum

80-90 100.0 0.0 3.0 7.7 -3,152 -10.6 0.9 13.2 -2.4 19.9

90-95 100.0 0.0 2.9 5.0 -4,157 -9.3 0.8 10.0 -2.2 21.7

95-99 100.0 0.0 5.5 12.5 -12,904 -14.7 0.4 14.7 -4.0 23.1

Top 1 Percent 100.0 0.0 17.4 55.2 -227,416 -28.9 -4.7 27.6 -10.9 26.7

Top 0.1 Percent 100.0 0.0 20.2 30.5 -1,230,930 -30.2 -2.7 14.3 -12.1 27.9

Lowest Quintile 40,970 25.6 12,881 4.2 322 0.5 12,559 5.3 2.5

Second Quintile 36,414 22.7 33,491 9.7 3,504 4.5 29,987 11.2 10.5

Middle Quintile 31,949 19.9 56,816 14.4 9,252 10.3 47,564 15.6 16.3

Fourth Quintile 26,517 16.5 91,848 19.3 17,910 16.6 73,938 20.1 19.5

Top Quintile 23,568 14.7 282,330 52.8 82,712 68.1 199,618 48.3 29.3

All 160,282 100.0 78,595 100.0 17,872 100.0 60,723 100.0 22.7

Addendum

80-90 11,852 7.4 133,354 12.6 29,674 12.3 103,681 12.6 22.3

90-95 5,855 3.7 187,816 8.7 44,834 9.2 142,982 8.6 23.9

95-99 4,687 2.9 323,122 12.0 87,666 14.3 235,456 11.3 27.1

Top 1 Percent 1,174 0.7 2,095,258 19.5 787,453 32.3 1,307,805 15.8 37.6

Top 0.1 Percent 120 0.1 10,186,310 9.7 4,077,262 17.1 6,109,049 7.5 40.0


* Less than 0.05


Average (dollars)Percent of

Total



(1) Calendar year. Baseline is current law. Proposal would eliminate the alternative minimum tax; reduce the 15 percent statutory rate to 10 percent; reduce all statutory rates over 25 percent to 25 percent

(the resolution's goal is a top rate of 25 percent); reduce the corporate tax rate to 25 percent; and repeal the taxes in the 2010 health reform law. For the latter, this table includes the effects of repealing: the

0.9 percent additional tax on earnings; the 3.8 percent additional tax on investment income; and the increase in the AGI floor to 10 percent for deductible medical expenses. It does not include repealing: the

health insurer excise tax; the excise tax on high-premium insurance plans; employer penalties; and the premium assistance credit. For a description of TPC's current law baseline, see


(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) 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 2012 dollars): 20%

$22,008; 40% $42,597; 60% $67,608; 80% $112,412; 90% $147,742; 95% $227,595; 99% $573,930; 99.9% $3,274,341.


Number

(thousands)

Percent of


Percent of


Percent of

Total

Change (%

Points)

Under the

Proposal

Cash Income

Percentile2,3

Tax Units Pre-Tax Income Federal Tax Burden After-Tax Income 5


by Cash Income Percentile, 2015 1

Average

Federal Tax

Rate 6

Percent of Tax Units4 Percent Change

in After-Tax

Income5

Share of Total

Federal Tax

Change

Average Federal Tax Change Share of Federal Taxes

Dollars PercentChange (%

Points)

Under the

Proposal




With Tax CutWith Tax

Increase

Detail Table

Table T13-0111



Distribution of Federal Tax Change by Cash Income Percentile, 2015 1

Cash Income

Percentile2,3

Doc 2013-6235 (17 pgs)





Lowest Quintile 67.9 0.0 0.3 0.3 -38 17.6 -0.1 -0.4 -0.3 -2.1

Second Quintile 82.7 0.0 0.5 0.9 -137 -5.2 0.4 3.4 -0.5 8.3

Middle Quintile 98.2 0.0 1.5 4.3 -650 -8.9 0.8 9.0 -1.3 13.2

Fourth Quintile 99.8 0.0 2.7 11.1 -1,746 -11.5 1.0 17.2 -2.2 16.9

Top Quintile 99.9 0.0 7.8 83.4 -13,023 -19.3 -2.1 70.7 -5.6 23.2

All 89.1 0.0 5.0 100.0 -3,018 -16.9 0.0 100.0 -3.8 18.9

Addendum

80-90 99.8 0.0 3.0 8.8 -2,698 -10.9 1.0 14.7 -2.4 19.5

90-95 99.9 0.0 2.9 5.7 -3,513 -9.2 1.0 11.5 -2.2 21.9

95-99 100.0 0.0 5.0 12.5 -10,191 -13.7 0.6 16.0 -3.7 23.0

Top 1 Percent 100.0 0.0 17.1 56.4 -196,207 -28.7 -4.7 28.5 -10.7 26.7

Top 0.1 Percent 100.0 0.0 20.1 31.6 -1,083,354 -30.1 -2.8 15.0 -12.0 28.0

Lowest Quintile 33,614 21.0 12,018 3.2 -213 -0.3 12,231 4.2 -1.8

Second Quintile 32,295 20.2 30,079 7.7 2,631 3.0 27,448 9.1 8.8

Middle Quintile 31,931 19.9 50,569 12.8 7,328 8.2 43,241 14.2 14.5

Fourth Quintile 30,611 19.1 79,008 19.2 15,128 16.2 63,879 20.1 19.2

Top Quintile 30,967 19.3 233,903 57.5 67,354 72.8 166,549 53.0 28.8

All 160,282 100.0 78,595 100.0 17,872 100.0 60,723 100.0 22.7

Addendum

80-90 15,742 9.8 113,815 14.2 24,877 13.7 88,938 14.4 21.9

90-95 7,908 4.9 158,022 9.9 38,145 10.5 119,877 9.7 24.1

95-99 5,928 3.7 279,236 13.1 74,367 15.4 204,869 12.5 26.6

Top 1 Percent 1,389 0.9 1,832,986 20.2 684,940 33.2 1,148,046 16.4 37.4

Top 0.1 Percent 141 0.1 9,004,987 10.1 3,602,828 17.8 5,402,160 7.8 40.0


* Less than 0.05


Percent of

Total










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 2012 dollars): 20% $15,083; 40% $27,759; 60% $43,363; 80% $66,672; 90% $93,083; 95%

$132,523; 99% $330,442; 99.9% $1,955,988.


Percent of


Percent of


Percent of


Under the

Proposal

Cash Income

Percentile2,3



by Cash Income Percentile Adjusted for Family Size, 2015 1

Average

Federal Tax

Rate 6Number

(thousands)

Table T13-0111



Cash Income

Percentile2,3


in After-Tax

Income5

Share of Total

Federal Tax

Change


Dollars





Increase

Distribution of Federal Tax Change by Cash Income Percentile Adjusted for Family Size, 2015 1

Detail Table

PercentChange (%

Points)

Under the

Proposal

Change (%

Points)

Doc 2013-6235 (17 pgs)





Lowest Quintile 56.8 0.0 0.3 0.6 -27 -5.0 0.2 1.7 -0.3 5.5

Second Quintile 72.2 0.0 0.6 2.2 -122 -5.4 0.5 5.9 -0.5 9.6

Middle Quintile 97.4 0.0 1.9 8.9 -587 -10.2 0.4 12.1 -1.6 13.7

Fourth Quintile 99.8 0.0 3.1 18.7 -1,398 -11.9 0.4 21.5 -2.5 18.2

Top Quintile 99.7 0.0 6.2 69.4 -6,577 -15.5 -1.4 58.7 -4.5 24.3

All 81.1 0.0 3.7 100.0 -1,267 -13.4 0.0 100.0 -2.9 18.6

Addendum

80-90 99.5 0.0 2.9 9.9 -1,817 -9.3 0.7 14.9 -2.2 21.4

90-95 99.7 0.0 2.6 7.0 -2,272 -7.8 0.8 12.7 -2.0 23.2

95-99 100.0 0.0 4.4 10.8 -6,280 -11.7 0.2 12.6 -3.2 24.0

Top 1 Percent 100.0 0.0 16.3 41.8 -123,497 -25.9 -3.1 18.5 -10.0 28.6

Top 0.1 Percent 100.0 0.0 20.3 25.0 -754,974 -27.7 -2.0 10.1 -11.7 30.6

Lowest Quintile 19,590 27.2 9,230 5.7 536 1.5 8,693 6.8 5.8

Second Quintile 16,277 22.6 22,487 11.5 2,275 5.4 20,212 13.2 10.1

Middle Quintile 13,877 19.3 37,464 16.4 5,726 11.7 31,738 17.7 15.3

Fourth Quintile 12,236 17.0 56,833 21.9 11,745 21.1 45,088 22.1 20.7

Top Quintile 9,642 13.4 147,922 44.9 42,526 60.2 105,396 40.8 28.8

All 72,071 100.0 44,035 100.0 9,459 100.0 34,577 100.0 21.5

Addendum

80-90 4,969 6.9 82,466 12.9 19,489 14.2 62,977 12.6 23.6

90-95 2,794 3.9 115,861 10.2 29,134 11.9 86,727 9.7 25.2

95-99 1,570 2.2 197,740 9.8 53,696 12.4 144,044 9.1 27.2

Top 1 Percent 309 0.4 1,236,900 12.1 477,157 21.6 759,743 9.4 38.6

Top 0.1 Percent 30 0.0 6,446,848 6.2 2,727,376 12.1 3,719,471 4.5 42.3


* Less than 0.05


Percent of

Total








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 2012 dollars): 20% $15,083; 40% $27,759; 60% $43,363; 80% $66,672; 90% $93,083;

95% $132,523; 99% $330,442; 99.9% $1,955,988.



Percent of


Percent of


Percent of


Under the

Proposal

Cash Income

Percentile2,3




Average

Federal Tax

Rate 6Number

(thousands)

Table T13-0111



Cash Income

Percentile2,3


in After-Tax

Income5

Share of Total

Federal Tax

Change


Dollars





Increase


Detail Table - Single Tax Units

PercentChange (%

Points)

Under the

Proposal

Change (%

Points)

Doc 2013-6235 (17 pgs)





Lowest Quintile 74.7 0.0 0.4 0.1 -67 13.2 -0.1 -0.2 -0.4 -3.5

Second Quintile 88.4 0.0 0.4 0.4 -148 -4.5 0.2 1.7 -0.4 7.8

Middle Quintile 98.4 0.0 1.2 2.3 -656 -7.7 0.7 6.2 -1.0 12.3

Fourth Quintile 99.8 0.0 2.5 8.6 -2,026 -11.4 1.1 14.8 -2.1 16.1

Top Quintile 100.0 0.0 8.2 88.5 -16,234 -20.2 -2.0 77.4 -5.8 23.0

All 95.7 0.0 5.8 100.0 -5,802 -18.1 0.0 100.0 -4.4 19.8

Addendum

80-90 100.0 0.0 3.1 8.5 -3,163 -11.4 1.1 14.7 -2.4 18.7

90-95 100.0 0.0 2.9 5.5 -4,141 -9.5 1.1 11.5 -2.2 21.4

95-99 100.0 0.0 5.0 13.1 -11,439 -13.9 0.9 18.1 -3.7 22.8

Top 1 Percent 100.0 0.0 17.2 61.3 -215,707 -29.1 -5.1 33.1 -10.8 26.4

Top 0.1 Percent 100.0 0.0 20.1 33.5 -1,170,279 -30.5 -3.0 17.0 -12.1 27.6

Lowest Quintile 5,398 8.7 16,672 1.1 -507 -0.1 17,179 1.5 -3.0

Second Quintile 8,532 13.8 40,462 4.2 3,308 1.4 37,154 5.1 8.2

Middle Quintile 12,816 20.7 63,803 10.0 8,494 5.5 55,309 11.4 13.3

Fourth Quintile 15,264 24.7 97,544 18.2 17,758 13.7 79,786 19.7 18.2

Top Quintile 19,577 31.6 279,324 66.9 80,334 79.4 198,990 62.9 28.8

All 61,905 100.0 132,067 100.0 31,997 100.0 100,070 100.0 24.2

Addendum

80-90 9,693 15.7 130,931 15.5 27,672 13.5 103,259 16.2 21.1

90-95 4,737 7.7 184,515 10.7 43,637 10.4 140,878 10.8 23.7

95-99 4,126 6.7 311,974 15.7 82,400 17.2 229,574 15.3 26.4

Top 1 Percent 1,021 1.7 1,995,138 24.9 741,855 38.3 1,253,283 20.7 37.2

Top 0.1 Percent 103 0.2 9,678,541 12.2 3,841,113 20.0 5,837,428 9.7 39.7


* Less than 0.05


Percent of

Total










95% $132,523; 99% $330,442; 99.9% $1,955,988.



Percent of


Percent of


Percent of


Under the

Proposal

Cash Income

Percentile2,3




Average

Federal Tax

Rate 6Number

(thousands)

Table T13-0111



Cash Income

Percentile2,3


in After-Tax

Income5

Share of Total

Federal Tax

Change


Dollars





Increase


Detail Table - Married Tax Units Filing Jointly

PercentChange (%

Points)

Under the

Proposal

Change (%

Points)

Doc 2013-6235 (17 pgs)





Lowest Quintile 89.2 0.0 0.3 1.9 -43 2.3 -2.0 -12.8 -0.3 -12.1

Second Quintile 98.9 0.0 0.5 5.5 -149 -5.9 1.1 13.6 -0.4 6.7

Middle Quintile 99.7 0.0 1.7 18.5 -777 -8.9 1.5 29.4 -1.4 14.7

Fourth Quintile 100.0 0.0 2.6 21.9 -1,644 -10.5 0.9 28.9 -2.1 18.0

Top Quintile 99.9 0.0 6.1 52.1 -7,904 -16.5 -1.5 40.8 -4.5 22.6

All 95.7 0.0 2.1 100.0 -800 -13.4 0.0 100.0 -1.8 11.8

Addendum

80-90 99.8 0.0 2.6 9.4 -2,229 -8.7 0.8 15.1 -2.0 21.0

90-95 99.9 0.0 2.9 4.3 -3,126 -8.7 0.4 7.0 -2.2 22.6

95-99 100.0 0.0 5.7 9.2 -10,915 -15.7 -0.2 7.7 -4.2 22.4

Top 1 Percent 100.0 0.0 16.0 29.2 -171,800 -29.1 -2.4 11.0 -10.3 25.2

Top 0.1 Percent 100.0 0.0 19.2 15.6 -1,077,089 -31.1 -1.4 5.3 -11.9 26.3

Lowest Quintile 8,337 35.1 15,594 12.5 -1,838 -10.8 17,432 16.2 -11.8

Second Quintile 7,034 29.6 35,197 23.8 2,517 12.5 32,680 25.6 7.2

Middle Quintile 4,529 19.1 54,445 23.7 8,762 28.0 45,683 23.0 16.1

Fourth Quintile 2,526 10.6 78,014 18.9 15,698 27.9 62,317 17.5 20.1

Top Quintile 1,253 5.3 177,302 21.3 47,930 42.3 129,372 18.0 27.0

All 23,746 100.0 43,843 100.0 5,976 100.0 37,867 100.0 13.6

Addendum

80-90 798 3.4 110,663 8.5 25,504 14.3 85,159 7.6 23.1

90-95 262 1.1 144,804 3.7 35,870 6.6 108,934 3.2 24.8

95-99 161 0.7 262,401 4.1 69,727 7.9 192,674 3.4 26.6

Top 1 Percent 32 0.1 1,662,893 5.2 591,051 13.5 1,071,841 3.9 35.5

Top 0.1 Percent 3 0.0 9,076,864 2.4 3,459,742 6.7 5,617,121 1.7 38.1


* Less than 0.05


Percent of

Total










95% $132,523; 99% $330,442; 99.9% $1,955,988.



Percent of


Percent of


Percent of


Under the

Proposal

Cash Income

Percentile2,3




Average

Federal Tax

Rate 6Number

(thousands)

Table T13-0111



Cash Income

Percentile2,3


in After-Tax

Income5

Share of Total

Federal Tax

Change


Dollars





Increase


Detail Table - Head of Household Tax Units

PercentChange (%

Points)

Under the

Proposal

Change (%

Points)

Doc 2013-6235 (17 pgs)





Lowest Quintile 89.1 0.0 0.3 0.3 -51 2.4 -0.5 -2.7 -0.3 -13.5

Second Quintile 99.6 0.0 0.5 1.0 -171 -5.7 0.4 3.4 -0.4 7.0

Middle Quintile 99.9 0.0 1.7 4.9 -941 -8.6 1.1 10.9 -1.4 14.8

Fourth Quintile 100.0 0.0 2.8 12.0 -2,350 -11.1 1.5 20.3 -2.2 17.7

Top Quintile 100.0 0.0 8.6 81.7 -19,324 -20.3 -2.4 68.0 -6.0 23.8

All 97.4 0.0 5.0 100.0 -3,839 -17.4 0.0 100.0 -3.9 18.5

Addendum

80-90 100.0 0.0 2.8 7.0 -3,215 -9.5 1.2 14.1 -2.2 20.8

90-95 100.0 0.0 2.9 4.8 -4,885 -8.8 1.0 10.5 -2.2 22.7

95-99 100.0 0.0 6.2 13.9 -16,314 -16.0 0.3 15.4 -4.5 23.5

Top 1 Percent 100.0 0.0 17.8 56.0 -251,652 -29.8 -4.9 27.9 -11.1 26.3

Top 0.1 Percent 100.0 0.0 20.3 28.5 -1,390,034 -31.1 -2.6 13.4 -12.3 27.3

Lowest Quintile 11,303 22.2 16,419 3.7 -2,159 -2.2 18,578 5.4 -13.2

Second Quintile 11,085 21.7 40,298 8.9 2,989 3.0 37,309 10.6 7.4

Middle Quintile 10,124 19.9 67,628 13.7 10,939 9.9 56,690 14.8 16.2

Fourth Quintile 10,007 19.6 106,219 21.2 21,184 18.9 85,035 21.9 19.9

Top Quintile 8,281 16.2 320,350 52.9 95,434 70.4 224,916 47.9 29.8

All 50,995 100.0 98,292 100.0 22,023 100.0 76,268 100.0 22.4

Addendum

80-90 4,240 8.3 148,065 12.5 34,024 12.9 114,041 12.4 23.0

90-95 1,937 3.8 222,265 8.6 55,355 9.6 166,910 8.3 24.9

95-99 1,668 3.3 364,979 12.1 102,127 15.2 262,852 11.3 28.0

Top 1 Percent 436 0.9 2,261,028 19.7 845,162 32.8 1,415,866 15.9 37.4

Top 0.1 Percent 40 0.1 11,311,786 9.1 4,474,377 16.0 6,837,409 7.1 39.6


* Less than 0.05

Note: Tax units with children are those claiming an exemption for children at home or away from home.


Percent of

Total










95% $132,523; 99% $330,442; 99.9% $1,955,988.



Percent of


Percent of


Percent of


Under the

Proposal

Cash Income

Percentile2,3




Average

Federal Tax

Rate 6Number

(thousands)

Table T13-0111



Cash Income

Percentile2,3


in After-Tax

Income5

Share of Total

Federal Tax

Change


Dollars





Increase


Detail Table - Tax Units with Children

PercentChange (%

Points)

Under the

Proposal

Change (%

Points)

Doc 2013-6235 (17 pgs)





Lowest Quintile 14.4 0.0 0.1 0.1 -16 -15.7 0.0 0.1 -0.1 0.7

Second Quintile 46.6 0.0 0.3 0.6 -68 -14.1 0.1 0.9 -0.3 1.7

Middle Quintile 95.0 0.0 0.7 2.4 -280 -12.0 0.5 4.5 -0.6 4.5

Fourth Quintile 99.4 0.0 2.1 8.3 -1,312 -17.1 0.5 10.5 -1.9 9.0

Top Quintile 99.8 0.0 7.8 88.6 -12,925 -21.6 -1.0 83.9 -5.7 20.7

All 72.7 0.0 4.6 100.0 -2,799 -20.7 0.0 100.0 -3.8 14.4

Addendum

80-90 99.5 0.0 3.2 9.8 -2,864 -17.6 0.5 12.0 -2.7 12.7

90-95 99.9 0.0 3.3 6.0 -3,756 -13.7 0.8 9.9 -2.6 16.5

95-99 100.0 0.0 4.7 13.3 -9,121 -15.1 1.3 19.5 -3.6 20.1

Top 1 Percent 100.0 0.0 16.3 59.4 -165,702 -26.8 -3.5 42.4 -10.1 27.7

Top 0.1 Percent 100.0 0.0 19.3 33.8 -915,895 -27.6 -2.2 23.1 -11.4 29.7

Lowest Quintile 5,586 15.4 11,672 2.4 101 0.1 11,571 2.9 0.9

Second Quintile 8,682 23.9 24,869 8.0 483 0.9 24,386 9.6 1.9

Middle Quintile 8,619 23.7 45,325 14.5 2,328 4.1 42,997 16.8 5.1

Fourth Quintile 6,421 17.7 70,447 16.8 7,670 10.0 62,778 18.3 10.9

Top Quintile 6,964 19.2 226,302 58.5 59,782 84.8 166,520 52.6 26.4

All 36,302 100.0 74,274 100.0 13,520 100.0 60,754 100.0 18.2

Addendum

80-90 3,483 9.6 106,013 13.7 16,301 11.6 89,712 14.2 15.4

90-95 1,632 4.5 142,767 8.6 27,328 9.1 115,438 8.5 19.1

95-99 1,485 4.1 254,316 14.0 60,265 18.2 194,051 13.1 23.7

Top 1 Percent 364 1.0 1,636,544 22.1 618,959 45.9 1,017,585 16.8 37.8

Top 0.1 Percent 38 0.1 8,065,763 11.2 3,314,030 25.3 4,751,733 8.1 41.1


* Less than 0.05

Note: Elderly tax units are those with either head or spouse (if filing jointly) age 65 or older.


Percent of

Total










95% $132,523; 99% $330,442; 99.9% $1,955,988.



Percent of


Percent of


Percent of


Under the

Proposal

Cash Income

Percentile2,3




Average

Federal Tax

Rate 6Number

(thousands)

Table T13-0111



Cash Income

Percentile2,3


in After-Tax

Income5

Share of Total

Federal Tax

Change


Dollars





Increase


Detail Table - Elderly Tax Units

PercentChange (%

Points)

Under the

Proposal

Change (%

Points)

Doc 2013-6235 (17 pgs)




15-Mar-13 VERY PRELIMINARY--SUBJECT TO REVISION http://www.taxpolicycenter.org

Total

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2014-23

Repeal the alternative minimum tax (AMT) 2 -9.7 -25.0 -27.0 -28.6 -30.0 -31.5 -33.0 -33.8 -34.9 -36.0 -289.3

Enact ordinary income tax rates of 10 and 25 percent 3-189.0 -271.4 -297.2 -320.8 -344.4 -370.4 -396.1 -423.9 -454.9 -485.6 -3,553.9

Repeal taxes from 2010 health reform law 4-23.8 -36.2 -50.8 -61.0 -69.8 -79.0 -85.8 -91.8 -99.1 -107.2 -704.7

Reduce the corporate tax rate to 25 percent -74.2 -112.8 -123.0 -128.7 -128.9 -125.2 -123.7 -124.0 -125.5 -127.4 -1,193.4

Total -296.6 -445.5 -498.0 -539.1 -573.1 -606.1 -638.6 -673.6 -714.4 -756.2 -5,741.3



(4) Includes the following provisions: the 0.9 percent additional tax on earnings; the 3.8 percent additional tax on investment income; the increase in the AGI floor to 10 percent for deductible

medical expenses; the health insurer excise tax; the excise tax on high-premium insurance plans; and employer penalties. Estimate for repeal of the 3.8 percent additional tax includes timing

effects on the realization of capital gains, which are included in the fiscal year 2014 estimate. Estimate does not include the revenue gained from eliminating the premium assistance credit,

estimated by CBO to be $262 billion over 2014-23, or the revenue lost from other effects on tax revenues associated with shifts in the mix of taxable and nontaxable compensation resulting

from changes in employment-based health insurance coverage estimated by CBO to be $219 billion over 2014-23. See

http://www.cbo.gov/sites/default/files/cbofiles/attachments/43900_ACAInsuranceCoverageEffects.pdf.

(2) Estimate for AMT repeal assumes a 40-60 fiscal split; estimates of other provisions assume a 75-25 split. Actual effect on receipts could differ.

THIS TABLE DOES NOT ESTIMATE THE REVENUE EFFECTS OF THE ENTIRE FY2014 BUDGET RESOLUTION PROPOSED BY REP. PAUL RYAN (R-WI). THROUGH MEASURES THAT ARE NOT

SPECIFIED, THE PROPOSED RESOLUTION PLEDGES TO RAISE THE SAME AMOUNT OF REVENUE AS CBO'S BASELINE PROJECTION FOR CURRENT LAW.

(3) Assumes the 15 percent statutory tax rate would be reduced to 10 percent and that all statutory rates greater than 25 percent would be reduced to 25 percent. The budget resolution

proposes a 25 percent top rate as its goal.

(1) Fiscal years. Assumes proposals are effective 01/01/2014. Revenue estimates are net of outlays for refundable credits. Estimates assume a microdynamic behavioral response.

T13-0112

Impact on Tax Revenue (billions of current dollars), 2014-2023 1

ProposalFiscal Year


Doc 2013-6235 (17 pgs)


tax provisions in the house budget...

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