Distribution of Federal Taxes
- 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
- Working Paper
How CBO Adjusts for Survey Underreporting of Transfer Income in Its Distributional Analyses: Working Paper 2018-07
CBO’s analysis of the distribution of household income relies on data from the Census Bureau’s Current Population Survey (CPS). This paper describes how CBO adjusts for the underreporting of government transfers by CPS respondents.
- Report
Distribution of Federal Support for Students Pursuing Higher Education in 2016
In 2016, students pursuing higher education received about $91 billion in financial support from federal spending programs and tax expenditures. This report examines the distribution of that assistance among households, by income group.
- Presentation
An Overview of CBO’s Microsimulation Tax Model
These slides provide an overview of CBO’s microsimulation tax model.
- Working Paper
How Nominal Foreign Currency Depreciation Against the U.S. Dollar Affects U.S. Wealth: Working Paper 2018-05
This paper examines how a 20 percent depreciation of foreign currencies with respect to the U.S. dollar affects the wealth of U.S. residents and evaluates how that effect would be distributed across U.S. households by income group.
- Report
The Distribution of Household Income, 2014
In 2014, average household income before accounting for means-tested transfers and federal taxes was $19,000 for the lowest quintile and $281,000 for the highest quintile. After transfers and taxes, those averages were $31,000 and $207,000.
- Report
Distributional Effects of Changes in Taxes and Spending Under the Conference Agreement for H.R. 1
CBO and the staff of the Joint Committee on Taxation provide information about the distributional effects of the conference agreement for H.R. 1.
- Working Paper
CBO's New Framework for Analyzing the Effects of Means-Tested Transfers and Federal Taxes on the Distribution of Income: Working Paper 2017-09
CBO’s new framework will use a new measure of income—income before transfers and taxes—to rank households and calculate average means-tested transfer rates and average federal tax rates.
- Cost Estimate
Reconciliation Recommendations of the Senate Committee on Finance
As ordered reported by the Senate Committee on Finance on
November 16, 2017