TABLE E-9 Current Tax Structure: Average Tax Rates and Tax Distribution for Virtually All Federal Taxes Combined, 2070

 

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

6.9

1.1

NA

Second Quintile

13.6

4.3

NA

Third Quintile

20.1

11.7

NA

Fourth Quintile

23.0

19.9

NA

Fifth Quintile

25.2

63.0

NA

All

22.7

100.0

NA

Top 10 Percent

25.4

49.5

NA

Top 5 Percent

25.1

38.0

NA

Intermediate-1 Spending and Revenues Scenario

First Quintile

8.6

1.2

−1.8

Second Quintile

16.0

4.6

−2.7

Third Quintile

23.0

12.0

−3.6

Fourth Quintile

26.0

20.3

−3.9

Fifth Quintile

27.5

61.9

−3.0

All

25.2

100.0

−3.2

Top 10 Percent

27.5

48.2

−2.8

Top 5 Percent

27.0

36.8

−2.5

Intermediate-2 Spending and Revenues Scenario

First Quintile

9.1

1.1

−2.4

Second Quintile

17.2

4.4

−4.1

Third Quintile

25.1

11.8

−6.3

Fourth Quintile

28.6

20.1

−7.3

Fifth Quintile

30.8

62.5

−7.5

All

28.0

100.0

−6.8

Top 10 Percent

31.0

48.9

−7.5

Top 5 Percent

30.5

37.5

−7.2

High Spending and Revenues Scenario

First Quintile

12.5

1.3

−6.0

Second Quintile

21.2

4.5

−8.9

Third Quintile

30.5

11.7

−13.0

Fourth Quintile

34.6

19.8

−15.0

Fifth Quintile

37.8

62.6

−16.8

All

34.2

100.0

−14.9

Top 10 Percent

35.2

49.2

−17.0

Top 5 Percent

37.7

37.8

−16.7

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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