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Choosing the Nation’s Fiscal Future
TABLE E-16 Simplified Tax Structure: Average Tax Rates and Tax Distribution for Virtually All Federal Taxes Combined, 2060
Average Tax Rate (percentage)
Percentage Share of Tax Burden
Percentage Change in After-Tax Incomea
Low Spending and Revenues Scenario
First Quintile
9.6
1.5
−2.4
Second Quintile
14.7
5.0
−2.2
Third Quintile
20.5
12.2
−1.3
Fourth Quintile
23.7
20.7
−0.9
Fifth Quintile
23.4
60.5
2.4
All
22.0
100.0
0.7
Top 10 Percent
23.2
46.5
3.1
Top 5 Percent
22.8
35.7
3.3
Intermediate-1 Spending and Revenues Scenario
First Quintile
12.1
1.7
−5.1
Second Quintile
18.4
5.7
−6.4
Third Quintile
24.3
13.2
−6.0
Fourth Quintile
27.0
21.5
−5.3
Fifth Quintile
24.6
57.8
0.8
All
24.2
100.0
−2.1
Top 10 Percent
23.9
43.6
2.1
Top 5 Percent
23.1
33.0
2.8
Intermediate-2 Spending and Revenues Scenario
First Quintile
12.4
1.6
−5.4
Second Quintile
18.7
5.3
−6.8
Third Quintile
25.5
12.6
−7.5
Fourth Quintile
28.9
20.9
−7.7
Fifth Quintile
27.9
59.6
−3.7
All
26.6
100.0
−5.3
Top 10 Percent
27.5
45.7
−2.8
Top 5 Percent
27.0
35.0
−2.3
High Spending and Revenues Scenario
First Quintile
14.3
1.6
−7.5
Second Quintile
22.5
5.5
−11.1
Third Quintile
29.8
12.8
−12.8
Fourth Quintile
33.1
20.9
−13.1
Fifth Quintile
31.7
59.0
−8.6
All
30.5
100.0
−10.2
Top 10 Percent
31.2
45.2
−7.6
Top 5 Percent
30.5
34.7
−7.1
a
