Citizens for Tax Justice 1311 L Street, NW Washington, DC

Friday, July 28, 2000 Contact: Bob McIntyre, 202/626-3780

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Effects of House Democratic 2000 Alternative Tax Plan (Annual effects at 1999 income levels, $-billions except averages)						Compare GOP
Income Group	Income Range	Average Income	Average Tax Cuts	% of Total Tax Cut		Average	% of total
Lowest 20%	Less than $13,600	$ 8,600	$ –70	4.8%		$ –37	1.2%
Second 20%	$13,600–24,400	18,800	–221	15.3%		–116	3.6%
Middle 20%	$24,400–39,300	31,100	–263	18.2%		–193	6.0%
Fourth 20%	$39,300–64,900	50,700	–208	14.4%		–323	10.1%
Next 15%	$64,900–130,000	86,800	–217	11.3%		–1,238	29.0%
Next 4%	$130,000–319,000	183,000	–500	6.9%		–2,186	13.7%
Top 1%	$319,000 or more	915,000	–8,397	29.0%		–23,331	36.4%
ALL		$ 50,800	$ –287	100.0%		$ –635	100.0%
ADDENDUM
Bottom 60%	Less than $39,300	$ 19,500	$ –184	38.3%		$ –115	10.8%
Top 10%	$92,500 or more	218,000	–1,137	39.4%		–3,954	61.8%
Source: Institute on Taxation and Economic Policy Tax Model. Citizens for Tax Justice, July 2000. VERY PRELIMINARY