All results presented henceforth in this paper exclude those with negative after-tax income and those claimed as dependents in the baseline sample.
I find that the modest proposal of increasing the cap to $150,000 reduces the average after-tax income of the top 10 percent by 0.23 percent, while generating $26.7 billion in revenues (10).
Table 3 shows that the most costly reform is tripling the maximum credit, which increases the average after-tax income by $386 if averaged across the full sample of filers, and by $2,404 if averaged across and by filers with non-zero income changes.
Caption: EVEN USING PROGRESSIVE TAXATION TO CLOSE THE DEFICIT WOULD LEAVE MOST PEOPLE WORSE OFF Percent Change in After-Tax Income
To what extent did different lower income household types, for example those with children and those headed by seniors, contribute disproportionately more or less shares of the Federal tax burden and after-tax income than comparably structured upper income households under the Reagan, G.H.
Analysis of Variance (ANOVA) was used to determine differences in total effective tax rates, share of after-tax income, and amount of after-tax income by presidential term (Reagan, G.H.
As can be seen in Table 2, the share of after-tax income was significantly higher during the Clinton administration than either the Reagan or G.H.
If the outcomes question suggests a proportionate decrease in after-tax incomes, the government will collect $6,750 more from High and $2,250 more from Low.
(20) The progressivity of the current income tax makes the distribution of after-tax income somewhat less unequal than the distribution of pretax income.
The plan reduces the after-tax income
of the bottom three income deciles by as much as 14.8%.
Changes in real consumption, real after-tax income, and real wages of households with different work statuses are examined using Consumer Expenditure Survey (CES) data for four years: 1960, 1972, 1984, and 1996 (U.S.
Real consumption and real after-tax income may also perform more poorly if increased market work hours do not change enough to counteract the