G-DAE Working Paper No. 03-01: “Read My Lips: More New Tax Cuts”
Table A1. Taxable Income and Filing Status, by AGI Category
AGI |
Avg. Taxable Income per |
2002 Maximum Marginal |
1999 Distribution by |
Estimated | ||||
Single |
Married, |
Married, |
Single |
Married, |
Married, | |||
No AGI |
$0 |
0% |
0% |
0% |
49.0% |
39.8% |
11.2% |
0.0% |
$1 under $5,000 |
$995 |
10% |
10% |
10% |
85.4% |
5.0% |
9.6% |
10.0% |
$5k under $10k |
$2,181 |
10% |
10% |
10% |
68.6% |
10.4% |
21.0% |
10.0% |
$10k under $15k |
$4,680 |
10% |
10% |
10% |
56.4% |
16.6% |
27.0% |
10.0% |
$15k under $20k |
$7,154 |
15% |
10% |
15% |
49.9% |
23.5% |
26.6% |
13.8% |
$20k under $25k |
$11,271 |
15% |
10% |
15% |
48.3% |
27.1% |
24.7% |
13.6% |
$25k under $30k |
$15,499 |
15% |
15% |
15% |
48.8% |
30.1% |
21.1% |
15.0% |
$30k under $40k |
$21,586 |
15% |
15% |
15% |
42.1% |
40.2% |
17.7% |
15.0% |
$40k under $50k |
$29,412 |
27% |
15% |
27% |
32.1% |
54.6% |
13.3% |
20.4% |
$50k under $75k |
$42,569 |
27% |
15% |
27% |
21.0% |
71.9% |
7.1% |
18.4% |
$75k under $100k |
$62,626 |
27% |
27% |
30% |
13.1% |
83.0% |
3.9% |
27.1% |
$100k under $200k |
$101,734 |
30% |
27% |
30% |
11.2% |
86.0% |
2.8% |
27.4% |
$200k under $500k |
$244,699 |
35% |
35% |
35% |
11.4% |
85.6% |
2.9% |
35.0% |
$500k under $1m |
$605,947 |
38.6% |
38.6% |
38.6% |
12.4% |
84.4% |
3.2% |
38.6% |
$1m under $1.5m |
$1,092,724 |
38.6% |
38.6% |
38.6% |
13.1% |
83.0% |
3.8% |
38.6% |
$1.5m under $2m |
$1,563,955 |
38.6% |
38.6% |
38.6% |
13.1% |
83.0% |
3.8% |
38.6% |
$2m under $5m |
$2,720,958 |
38.6% |
38.6% |
38.6% |
13.1% |
83.0% |
3.8% |
38.6% |
$5m under $10m |
$6,244,602 |
38.6% |
38.6% |
38.6% |
13.1% |
83.0% |
3.8% |
38.6% |
$10m or more |
$24,010,714 |
38.6% |
38.6% |
38.6% |
13.1% |
83.0% |
3.8% |
38.6% |
24 Data from “Individual Income Tax Returns, 2000” by David Campbell and Michael Parisi, IRS Statistics
of Income Bulletin, Fall 2002.
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