TABLE E-10 Current Tax Structure: Average Tax Rates and Tax Distribution for Virtually All Federal Taxes Combined, 2080

 

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

6.8

0.9

NA

Second Quintile

13.7

4.0

NA

Third Quintile

20.7

11.8

NA

Fourth Quintile

23.3

20.1

NA

Fifth Quintile

25.4

63.2

NA

All

23.1

100.0

NA

Top 10 Percent

25.6

49.7

NA

Top 5 Percent

25.1

38.5

NA

Intermediate-1 Spending and Revenues Scenario

First Quintile

8.5

1.0

−1.8

Second Quintile

16.2

4.3

−2.9

Third Quintile

23.8

12.1

−3.9

Fourth Quintile

26.4

20.5

−4.1

Fifth Quintile

27.7

62.0

−3.1

All

25.6

100.0

−3.4

Top 10 Percent

27.7

48.4

−2.9

Top 5 Percent

27.0

37.2

−2.5

Intermediate-2 Spending and Revenues Scenario

First Quintile

9.0

1.0

−2.3

Second Quintile

17.3

4.1

−4.3

Third Quintile

26.0

11.9

−6.7

Fourth Quintile

29.1

20.3

−7.6

Fifth Quintile

31.2

62.6

−7.8

All

28.5

100.0

−7.1

Top 10 Percent

31.3

49.1

−7.7

Top 5 Percent

30.6

37.9

−7.3

High Spending and Revenues Scenario

First Quintile

13.3

1.2

−7.0

Second Quintile

22.2

4.2

−9.9

Third Quintile

32.1

11.8

−14.4

Fourth Quintile

35.9

20.1

−16.4

Fifth Quintile

38.8

62.6

−18.0

All

35.6

100.0

−16.3

Top 10 Percent

39.1

49.2

−18.1

Top 5 Percent

38.3

38.1

−17.6

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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