Distribution of Federal Taxes
- Report
The Distribution of Household Income, 2018
In 2018, average household income after accounting for means-tested transfers and federal taxes was $37,700 among households in the lowest quintile and $243,900 among households in the highest quintile.
- Working Paper
Revisiting the Extent to Which Payroll Taxes Are Passed Through to Employees: Working Paper 2021-06
This working paper combines theory and existing empirical evidence to revisit the extent to which payroll taxes are passed through to employees. The estimates rely on stylized models and are complemented by a discussion of the empirical literature on payroll tax incidence.
- Report
The Distribution of Household Income, 2017
In 2017, average household income before accounting for means-tested transfers and federal taxes was $21,300 for the lowest quintile and $309,400 for the highest quintile. After transfers and taxes, those averages were $35,900 and $229,700.
- Presentation
How CBO Adjusts for Underreporting of Means-Tested Transfers in Its Distributional Analyses
Presentation by Bilal Habib, an analyst in CBO’s Tax Analysis Division, to the Bureau of Economic Analysis Advisory Committee.
- Report
How Dependents Affect Federal Income Taxes
CBO examines the tax benefit of having dependents under current law in 2019 and 2026 and analyzes how three policy options that would simplify dependent-related tax provisions would affect that benefit.
- Report
Projected Changes in the Distribution of Household Income, 2016 to 2021
This report projects the distributions of household income, means-tested transfers, and federal taxes under current law in 2021 and compares them with the actual distributions in 2016.
- Report
The Distribution of Household Income, 2016
In 2016, average household income before accounting for means-tested transfers and federal taxes was $21,000 for the lowest quintile and $291,000 for the highest quintile. After transfers and taxes, those averages were $35,000 and $214,000.
- Presentation
Overlapping Generations Model Roundtable: Model Comparisons From a Stylized Social Security Experiment
Presentation by Kerk Phillips, an analyst in CBO’s Macroeconomic Analysis Division, at the National Tax Association’s 49th annual Spring Symposium.
- Report
The Distribution of Household Income, 2015
In 2015, average household income before accounting for means-tested transfers and federal taxes was $20,000 for the lowest quintile and $292,000 for the highest quintile. After transfers and taxes, those averages were $33,000 and $215,000.
- Cost Estimate
H.R. 6756, American Innovation Act of 2018
As ordered reported by the House Committee on Ways and Means on September 13, 2018