T19-0048 - 10 Percent Surtax on Adjusted Gross Income (AGI) in Excess of $2 Million Married ($1 Million Single); Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020

Model Estimate

t19-0048.xls

(285.5 KB)

September 23, 2019

Table shows the effect on the distribution of federal tax burdens in calendar year 2020 of a 10 percent surtax on adjusted gross income in excess of $2 million if married ($1 million if single), by expanded cash income percentile. Supplemental sheets show the distribution by AGI levels.

Model Estimates Type

Distribution Tables by Income Percentile

Primary topic

Individual Taxes

Topics

High-income households

Income tax (individual)

Tax rates

Model Estimates from the same Simulation Run September 23, 2019

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T19-0037 - Surtax on Adjusted Gross Income (AGI) Options; Baseline: Current Law; Impact on Tax Revenue ($ billions), 2019-29

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T19-0049 - 10 Percent Surtax on Adjusted Gross Income (AGI) in Excess of $2 Million Married ($1 Million Single); Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2029

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T19-0047 - 10 Percent Surtax on Adjusted Gross Income (AGI) in Excess of $2 Million Married ($1 Million Single); Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2020

Model Estimate

T19-0050 - 10 Percent Surtax on Adjusted Gross Income (AGI) in Excess of $2 Million Married ($1 Million Single); Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2029