29-Oct-09
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 T09-0417
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Summary Table
Cash Income Level
(thousands of 2009
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
With Tax
Increase
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
6.9
69.9
0.2
Percent
Change in
After-Tax
4
Income
Share of Total
Federal Tax
Change
Average
Federal Tax
Change ($)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.8
98.2
100.0
0
0
0
0
0
0
0
0
0
715
84,148
246
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
-4.1
-0.5
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-4).
Number of AMT Taxpayers (millions). Baseline: 17.0
Proposal:
Average Federal Tax Rate5
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
2.7
0.3
Under the
Proposal
4.7
5.5
10.9
15.0
17.0
19.2
21.3
24.4
27.2
28.5
36.4
23.3
17.0
(1) Calendar year. Baseline is current law. Proposal is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax
units pay a 5.4 percent tax on modified AGI above $1,000,000 for couples, $500,000 for all others. Modified AGI is AGI less any deduction for investment interest.
(2) 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 both filing and non-filing units but excludes those that are dependents of other tax units.
(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.
29-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0417
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table
Cash Income Level
(thousands of 2009
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
6.9
69.9
0.2
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
-0.1
-4.1
-0.5
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.8
98.2
100.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
0
715
84,148
246
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.4
8.0
1.5
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
-0.1
-0.1
-0.1
-0.2
-0.4
-0.3
-0.1
1.2
0.0
Under the
Proposal
0.2
0.9
2.2
3.3
3.7
9.7
10.8
25.4
16.7
7.5
19.5
100.0
Average Federal Tax Rate 5
Change (%
Points)
Under the
Proposal
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
2.7
0.3
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2011 1
Cash Income Level
(thousands of 2009
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 3
Number
(thousands)
19,473
25,675
20,342
16,056
12,370
20,373
14,743
18,513
5,241
954
446
155,368
Percent of
Total
12.5
16.5
13.1
10.3
8.0
13.1
9.5
11.9
3.4
0.6
0.3
100.0
Average
Income
(Dollars)
5,992
15,574
25,575
35,907
46,113
64,251
89,246
145,841
304,480
711,387
3,116,878
71,667
Average
Federal Tax
Burden
(Dollars)
279
857
2,789
5,370
7,848
12,313
19,013
35,615
82,782
202,032
1,050,801
16,458
Average AfterTax Income 4
(Dollars)
5,712
14,717
22,786
30,537
38,265
51,938
70,233
110,225
221,698
509,355
2,066,078
55,208
Average
Federal Tax
Rate 5
4.7
5.5
10.9
15.0
17.0
19.2
21.3
24.4
27.2
28.4
33.7
23.0
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
1.1
3.6
4.7
5.2
5.1
11.8
11.8
24.3
14.3
6.1
12.5
100.0
1.3
4.4
5.4
5.7
5.5
12.3
12.1
23.8
13.5
5.7
10.7
100.0
0.2
0.9
2.2
3.4
3.8
9.8
11.0
25.8
17.0
7.5
18.3
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-4).
Number of AMT Taxpayers (millions). Baseline: 17.0
Proposal: 17.0
(1) Calendar year. Baseline is current law. Proposal is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax units pay a 5.4 percent tax on modified AGI above
$1,000,000 for couples, $500,000 for all others. Modified AGI is AGI less any deduction for investment interest.
(2) 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 both filing and non-filing units but excludes those that are dependents of other tax units.
(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.
4.7
5.5
10.9
15.0
17.0
19.2
21.3
24.4
27.2
28.5
36.4
23.3
29-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0417
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Single Tax Units
Cash Income Level
(thousands of 2009
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
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
39.7
86.1
0.2
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
-0.9
-5.0
-0.3
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
8.6
91.5
100.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
0
4,128
95,040
90
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.8
8.2
1.0
Share of Federal Taxes
Change (%
Points)
0.0
0.0
-0.1
-0.1
-0.1
-0.2
-0.1
-0.2
-0.1
0.0
0.8
0.0
Under the
Proposal
1.1
3.6
6.5
8.1
8.3
17.0
12.3
16.3
10.2
4.6
11.8
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
0.6
3.1
0.2
Under the
Proposal
8.5
9.5
14.8
18.7
20.2
22.9
25.3
26.3
29.5
32.2
40.8
22.7
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2011
Cash Income Level
(thousands of 2009
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 3
Number
(thousands)
Percent of
Total
13,625
15,494
10,657
7,568
5,576
7,296
3,425
2,751
701
127
59
67,885
20.1
22.8
15.7
11.2
8.2
10.8
5.1
4.1
1.0
0.2
0.1
100.0
Average
Income
(Dollars)
5,910
15,417
25,474
35,938
46,070
63,429
88,382
140,736
306,169
709,117
3,064,204
40,448
Average
Federal Tax
Burden
(Dollars)
500
1,459
3,780
6,709
9,307
14,528
22,362
37,034
90,381
223,854
1,155,369
9,102
Average After4
Tax Income
(Dollars)
5,410
13,958
21,694
29,228
36,763
48,901
66,020
103,702
215,787
485,263
1,908,835
31,347
Average
Federal Tax
5
Rate
8.5
9.5
14.8
18.7
20.2
22.9
25.3
26.3
29.5
31.6
37.7
22.5
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.9
8.7
9.9
9.9
9.4
16.9
11.0
14.1
7.8
3.3
6.6
100.0
3.5
10.2
10.9
10.4
9.6
16.8
10.6
13.4
7.1
2.9
5.3
100.0
1.1
3.7
6.5
8.2
8.4
17.2
12.4
16.5
10.3
4.6
11.0
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-4).
(1) Calendar year. Baseline is current law. Proposal is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax units pay a 5.4 percent tax on modified AGI above
$1,000,000 for couples, $500,000 for all others. Modified AGI is AGI less any deduction for investment interest.
(2) 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 both filing and non-filing units but excludes those that are dependents of other tax units.
(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.
29-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0417
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Married Tax Units Filing Jointly
Cash Income Level
(thousands of 2009
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
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
66.4
0.4
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
-3.8
-0.5
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
100.0
100.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
0
0
78,499
476
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
7.8
1.7
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
-0.1
-0.2
-0.5
-0.3
-0.2
1.3
0.0
Under the
Proposal
0.0
0.1
0.5
0.9
1.4
5.7
9.8
29.8
20.2
8.9
22.6
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
2.6
0.4
Under the
Proposal
4.3
3.6
7.0
10.2
12.7
16.1
19.7
24.1
26.9
27.9
35.6
24.4
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2011
Cash Income Level
(thousands of 2009
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 3
Number
(thousands)
Percent of
Total
2,449
4,462
4,928
4,438
4,139
9,641
9,818
14,926
4,378
795
368
60,792
4.0
7.3
8.1
7.3
6.8
15.9
16.2
24.6
7.2
1.3
0.6
100.0
Average
Income
(Dollars)
5,126
15,983
25,734
36,076
46,216
65,170
89,778
147,281
304,202
712,174
3,053,140
119,608
Average
Federal Tax
Burden
(Dollars)
220
575
1,804
3,664
5,886
10,477
17,698
35,440
81,764
198,785
1,009,403
28,739
Average After4
Tax Income
(Dollars)
4,906
15,408
23,931
32,412
40,329
54,693
72,079
111,841
222,438
513,390
2,043,737
90,869
Average
Federal Tax
5
Rate
4.3
3.6
7.0
10.2
12.7
16.1
19.7
24.1
26.9
27.9
33.1
24.0
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.2
1.0
1.7
2.2
2.6
8.6
12.1
30.2
18.3
7.8
15.5
100.0
0.2
1.2
2.1
2.6
3.0
9.6
12.8
30.2
17.6
7.4
13.6
100.0
0.0
0.2
0.5
0.9
1.4
5.8
10.0
30.3
20.5
9.0
21.3
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-4).
(1) Calendar year. Baseline is current law. Proposal is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax units pay a 5.4 percent tax on modified AGI above
$1,000,000 for couples, $500,000 for all others. Modified AGI is AGI less any deduction for investment interest.
(2) 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 both filing and non-filing units but excludes those that are dependents of other tax units.
(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.
29-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0417
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Head of Household Tax Units
Cash Income Level
(thousands of 2009
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
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
43.4
92.0
0.1
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
-0.9
-5.2
-0.1
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
8.9
91.1
100.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
0
4,368
104,832
44
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2.4
10.1
0.8
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
-0.1
-0.1
-0.2
-0.1
-0.1
-0.1
0.1
0.6
0.0
Under the
Proposal
-1.4
-2.8
4.2
11.5
12.3
25.6
17.4
16.7
6.4
2.8
7.4
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
0.6
3.4
0.1
Under the
Proposal
-9.1
-4.7
5.2
12.5
16.4
19.5
22.3
24.6
25.1
27.1
37.4
15.3
Baseline Distribution of Income and Federal Taxes
1
by Cash Income Level, 2011
Cash Income Level
(thousands of 2009
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 3
Number
(thousands)
Percent of
Total
3,209
5,408
4,419
3,670
2,322
2,941
1,267
710
119
21
9
24,178
13.3
22.4
18.3
15.2
9.6
12.2
5.2
2.9
0.5
0.1
0.0
100.0
Average
Income
(Dollars)
6,999
15,686
25,635
35,569
46,068
63,194
87,790
135,920
304,528
686,300
3,051,458
38,406
Average
Federal Tax
Burden
(Dollars)
-637
-737
1,339
4,452
7,543
12,351
19,530
33,370
76,488
181,595
1,037,467
5,836
Average After4
Tax Income
(Dollars)
7,635
16,424
24,296
31,117
38,525
50,843
68,260
102,549
228,040
504,706
2,013,991
32,569
Average
Federal Tax
5
Rate
-9.1
-4.7
5.2
12.5
16.4
19.5
22.3
24.6
25.1
26.5
34.0
15.2
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
2.4
9.1
12.2
14.1
11.5
20.0
12.0
10.4
3.9
1.6
3.0
100.0
3.1
11.3
13.6
14.5
11.4
19.0
11.0
9.3
3.4
1.4
2.3
100.0
-1.5
-2.8
4.2
11.6
12.4
25.7
17.5
16.8
6.4
2.8
6.7
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-4).
(1) Calendar year. Baseline is current law. Proposal is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax units pay a 5.4 percent tax on modified AGI above
$1,000,000 for couples, $500,000 for all others. Modified AGI is AGI less any deduction for investment interest.
(2) 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 both filing and non-filing units but excludes those that are dependents of other tax units.
(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.
29-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0417
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Tax Units with Children
Cash Income Level
(thousands of 2009
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2.5
78.3
0.3
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
-0.1
-4.3
-0.5
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.7
99.4
100.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
0
246
87,285
315
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
8.2
1.5
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
-0.1
-0.2
-0.5
-0.3
-0.1
1.2
0.0
Under the
Proposal
-0.3
-0.7
0.5
1.9
2.6
7.9
11.0
29.7
19.6
8.2
19.5
100.0
Average Federal Tax Rate 5
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
2.8
0.4
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2011 1
Cash Income Level
(thousands of 2009
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 3
Number
(thousands)
Percent of
Total
3,805
6,209
5,470
4,817
3,830
6,853
6,138
8,529
2,436
405
175
48,902
7.8
12.7
11.2
9.9
7.8
14.0
12.6
17.4
5.0
0.8
0.4
100.0
Average
Income
(Dollars)
6,625
15,826
25,668
35,746
46,097
64,651
89,544
147,403
303,499
714,589
3,095,878
90,398
Average
Federal Tax
Burden
(Dollars)
-849
-1,244
874
4,123
7,150
11,907
18,558
36,117
83,347
210,599
1,068,684
20,893
Average AfterTax Income 4
(Dollars)
7,474
17,070
24,794
31,623
38,947
52,744
70,986
111,286
220,151
503,989
2,027,194
69,506
Average
Federal Tax
Rate 5
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
-12.8
-7.9
3.4
11.5
15.5
18.4
20.7
24.5
27.5
29.5
34.5
23.1
0.6
2.2
3.2
3.9
4.0
10.0
12.4
28.4
16.7
6.6
12.3
100.0
0.8
3.1
4.0
4.5
4.4
10.6
12.8
27.9
15.8
6.0
10.5
100.0
-0.3
-0.8
0.5
1.9
2.7
8.0
11.2
30.2
19.9
8.4
18.3
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-4).
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 is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax units pay a 5.4 percent tax on modified AGI above
$1,000,000 for couples, $500,000 for all others. Modified AGI is AGI less any deduction for investment interest.
(2) 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 both filing and non-filing units but excludes those that are dependents of other tax units.
(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.
-12.8
-7.9
3.4
11.5
15.5
18.4
20.7
24.5
27.5
29.5
37.3
23.5
29-Oct-09
PRELIMINARY RESULTS
http://www.taxpolicycenter.org
Table T09-0417
America's Affordable Health Choices Act of 2009 Surcharge on High Income Individuals
Baseline: Current Law
Distribution of Federal Tax Change by Cash Income Level, 2011 1
Detail Table - Elderly Tax Units
Cash Income Level
(thousands of 2009
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
6.5
61.5
0.3
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
-0.1
-3.6
-0.5
Share of Total
Federal Tax
Change
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.6
98.4
100.0
Average Federal Tax Change
Dollars
0
0
0
0
0
0
0
0
0
558
72,996
269
Percent
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
7.0
1.9
Share of Federal Taxes
Change (%
Points)
0.0
0.0
0.0
0.0
0.0
-0.1
-0.1
-0.4
-0.4
-0.2
1.3
0.0
Under the
Proposal
0.1
0.7
1.4
1.7
1.6
7.2
7.5
21.2
19.7
10.5
28.4
100.0
Average Federal Tax Rate 5
Change (%
Points)
Under the
Proposal
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
2.4
0.4
Baseline Distribution of Income and Federal Taxes
by Cash Income Level, 2011 1
Cash Income Level
(thousands of 2009
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 3
Number
(thousands)
Percent of
Total
2,522
6,642
4,651
2,939
2,058
4,144
2,348
2,957
1,037
229
108
29,671
8.5
22.4
15.7
9.9
6.9
14.0
7.9
10.0
3.5
0.8
0.4
100.0
Average
Income
(Dollars)
6,528
15,553
25,360
35,780
46,183
63,809
88,288
145,786
304,965
697,487
3,055,011
72,264
Average
Federal Tax
Burden
(Dollars)
189
417
1,245
2,433
3,361
7,424
13,517
30,475
80,682
194,916
1,049,436
14,068
Average AfterTax Income 4
(Dollars)
6,339
15,135
24,115
33,346
42,821
56,384
74,770
115,312
224,283
502,571
2,005,576
58,196
Average
Federal Tax
Rate 5
2.9
2.7
4.9
6.8
7.3
11.6
15.3
20.9
26.5
28.0
34.4
19.5
Share of PreTax Income
Percent of
Total
Share of PostTax Income
Percent of
Total
Share of
Federal Taxes
Percent of
Total
0.8
4.8
5.5
4.9
4.4
12.3
9.7
20.1
14.8
7.5
15.3
100.0
0.9
5.8
6.5
5.7
5.1
13.5
10.2
19.8
13.5
6.7
12.5
100.0
0.1
0.7
1.4
1.7
1.7
7.4
7.6
21.6
20.1
10.7
27.1
100.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-4).
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 is the surcharge on high income indivduals described in America's Affordable Health Choices Act of 2009. Tax units pay a 5.4 percent tax on modified AGI above
$1,000,000 for couples, $500,000 for all others. Modified AGI is AGI less any deduction for investment interest.
(2) 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 both filing and non-filing units but excludes those that are dependents of other tax units.
(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.
2.9
2.7
4.9
6.8
7.3
11.6
15.3
20.9
26.5
28.0
36.7
19.8