Average Tax Change | ||||||
---|---|---|---|---|---|---|
Income Group | Income Range | Average Income | Cash Payments | CTC Expansion | EITC Expansion | Combined |
Poorest 20% | Less than $21,300 | $10,900 | $ –2,210 | $ –1,060 | $ –320 | $ –3,590 |
Second 20% | $21,300 to $39,800 | $30,500 | $ –2,460 | $ –820 | $ –60 | $ –3,340 |
Middle 20% | $39,800 to $65,000 | $51,500 | $ –2,690 | $ –660 | $ –20 | $ –3,370 |
Fourth 20% | $65,000 to $111,300 | $85,000 | $ –3,000 | $ –620 | $ –10 | $ –3,630 |
Next 15% | $111,300 to $247,400 | $156,900 | $ –2,680 | $ –570 | $0 | $ –3,250 |
Next 4% | $247,400 to $601,700 | $358,800 | $ –280 | $ –70 | $0 | $ –350 |
Richest 1% | $601,700 or more | $1,815,800 | $ –40 | $ –10 | $0 | $ –50 |
ALL | $90,900 | $ –2,490 | $ –720 | $ –80 | $ –3,290 | |
Bottom 60% | Less than $65,000 | $31,000 | $ –2,460 | $ –850 | $ –140 | $ –3,450 |