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Choosing the Nation’s Fiscal Future
TABLE E-12 Simplified Tax Structure: Average Tax Rates and Tax Distribution for Virtually All Federal Taxes Combined, 2020
Average Tax Rate (percentage)
Percentage Share of Tax Burden
Percentage Change in After-Tax Incomea
Low Spending and Revenues Scenario
First Quintile
5.2
0.9
−0.3
Second Quintile
10.7
4.3
−0.8
Third Quintile
16.3
10.7
0.4
Fourth Quintile
19.6
19.1
0.4
Fifth Quintile
24.3
64.8
0.5
All
20.6
100.0
0.3
Top 10 Percent
24.9
49.4
0.8
Top 5 Percent
25.1
37.8
1.3
Intermediate-1 Spending and Revenues Scenario
First Quintile
7.2
1.1
−2.4
Second Quintile
13.3
4.4
−3.7
Third Quintile
20.9
11.4
−5.1
Fourth Quintile
24.9
20.2
−6.2
Fifth Quintile
28.4
62.8
−4.8
All
24.7
100.0
−4.9
Top 10 Percent
28.5
47.0
−4.0
Top 5 Percent
28.4
35.5
−3.1
Intermediate-2 Spending and Revenues Scenario
First Quintile
6.7
1.0
−1.9
Second Quintile
12.5
4.4
−2.9
Third Quintile
19.4
11.1
−3.3
Fourth Quintile
23.0
19.7
−3.8
Fifth Quintile
27.2
63.6
−3.3
All
23.5
100.0
−3.3
Top 10 Percent
27.6
48.0
−2.7
Top 5 Percent
27.6
36.4
−2.0
High Spending and Revenues Scenario
First Quintile
7.6
1.0
−2.8
Second Quintile
14.3
4.4
−4.8
Third Quintile
22.5
11.4
−7.1
Fourth Quintile
26.9
20.3
−8.7
Fifth Quintile
30.6
62.8
−7.8
All
26.7
100.0
−7.4
Top 10 Percent
30.8
47.0
−7.0
Top 5 Percent
30.6
35.5
−6.1
a
