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Choosing the Nation’s Fiscal Future
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.
a
