Average Tax Change as % of Income | ||||||
---|---|---|---|---|---|---|
Income Group | Income Range | Average Income | Cash Payments | CTC Expansion | EITC Expansion | Combined |
Poorest 20% | Less than $21,300 | $10,900 | -20.3% | -9.7% | -3.0% | -32.9% |
Second 20% | $21,300 to $39,800 | $30,500 | -8.1% | -2.7% | -0.2% | -11.0% |
Middle 20% | $39,800 to $65,000 | $51,500 | -5.2% | -1.3% | 0.0% | -6.6% |
Fourth 20% | $65,000 to $111,300 | $85,000 | -3.5% | -0.7% | 0.0% | -4.3% |
Next 15% | $111,300 to $247,400 | $156,900 | -1.7% | -0.4% | 0.0% | -2.1% |
Next 4% | $247,400 to $601,700 | $358,800 | -0.1% | 0.0% | 0.0% | -0.1% |
Richest 1% | $601,700 or more | $1,815,800 | 0.0% | 0.0% | 0.0% | 0.0% |
ALL | $90,900 | -2.7% | -0.8% | -0.1% | -3.6% | |
Bottom 60% | Less than $65,000 | $31,000 | -7.9% | -2.7% | -0.4% | -11.1% |