TABLE E-3 Current Tax Structure: Average Tax Rates and Tax Distribution for Virtually All Federal Taxes Combined, 2012

 

Average Tax Rate (percentage)

Percentage Share of Tax Burden

Percentage Change in After-Tax Incomea

Low Spending and Revenues Scenario, Which Is Current Law

First Quintile

4.6

0.8

NA

Second Quintile

10.3

4.2

NA

Third Quintile

16.3

10.9

NA

Fourth Quintile

19.1

18.3

NA

Fifth Quintile

25.0

65.7

NA

All

20.7

100.0

NA

Top 10 Percent

26.1

51.6

NA

Top 5 Percent

27.0

41.2

NA

Intermediate-1 Spending and Revenues Scenario

First Quintile

5.1

0.8

−0.5

Second Quintile

11.2

4.1

−1.1

Third Quintile

17.8

10.8

−1.8

Fourth Quintile

21.0

18.2

−2.3

Fifth Quintile

27.8

66.0

−3.7

All

22.9

100.0

−2.8

Top 10 Percent

29.0

51.9

−4.0

Top 5 Percent

30.1

41.5

−4.2

Intermediate-2 Spending and Revenues Scenario

First Quintile

5.1

0.9

−0.5

Second Quintile

11.0

4.2

−0.8

Third Quintile

17.3

10.9

−1.3

Fourth Quintile

20.4

18.2

−1.6

Fifth Quintile

26.7

65.7

−2.3

All

22.1

100.0

−1.8

Top 10 Percent

27.9

51.6

−2.4

Top 5 Percent

28.9

41.2

−2.5

High Spending and Revenues Scenario

First Quintile

5.2

0.8

−0.6

Second Quintile

11.4

4.1

−1.3

Third Quintile

18.1

10.7

−2.2

Fourth Quintile

21.6

18.1

−3.0

Fifth Quintile

28.7

66.2

−4.9

All

23.6

100.0

−3.6

Top 10 Percent

30.0

52.1

−5.3

Top 5 Percent

31.2

41.7

−5.7

NOTE: NA = not applicable.

aCompared with the after-tax income under current law. “Minus” means that after-tax income is reduced.



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