TABLE E-17 Simplified 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

First Quintile

9.3

1.5

−2.6

Second Quintile

15.5

5.1

−2.2

Third Quintile

21.4

12.7

−1.6

Fourth Quintile

23.7

21.1

−0.9

Fifth Quintile

23.3

59.6

2.6

All

22.1

100.0

0.8

Top 10 Percent

22.9

45.7

3.4

Top 5 Percent

22.4

34.9

3.5

Intermediate-1 Spending and Revenues Scenario

First Quintile

11.8

1.7

−5.3

Second Quintile

19.4

5.7

−6.7

Third Quintile

25.4

13.6

−6.6

Fourth Quintile

27.1

21.7

−5.3

Fifth Quintile

24.8

57.3

0.6

All

24.5

100.0

−2.4

Top 10 Percent

24.0

43.2

1.9

Top 5 Percent

23.3

32.6

2.5

Intermediate-2 Spending and Revenues Scenario

First Quintile

12.4

1.6

−5.9

Second Quintile

20.3

5.4

−7.7

Third Quintile

27.2

13.2

−8.9

Fourth Quintile

29.5

21.4

−8.5

Fifth Quintile

27.9

58.3

−3.6

All

27.1

100.0

−5.7

Top 10 Percent

27.3

44.4

−2.5

Top 5 Percent

26.6

33.7

−2.0

High Spending and Revenues Scenario

First Quintile

13.9

1.6

−7.5

Second Quintile

23.1

5.6

−11.0

Third Quintile

30.2

13.3

−12.7

Fourth Quintile

32.3

21.2

−12.1

Fifth Quintile

30.8

58.3

−7.5

All

29.9

100.0

−9.4

Top 10 Percent

30.3

44.6

−6.5

Top 5 Percent

29.7

34.0

−6.1

aCompared with the after-tax income under current law. “Minus” means that after-tax income is reduced.



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