03-01 "Read My Lips: More New Tax Cuts - The Distributional Impacts of Repealing Dividend Taxation"



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
Category

Avg.

Taxable

Income per
Return24

2002 Maximum Marginal
_________
Tax Rates________

1999 Distribution by
________
Filing Status________

Estimated
Applicable
Marginal
Rate

Single

Married,
Joint
Return

Married,
Separate
Return

Single

Married,
Joint
Return

Married,
Separate
Return

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.

16



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