| Effects of Orrin Hatchs Tax Simplification Plan | ||||||||
| (Annual effects at 1999 income levels, $-billions) | ||||||||
| Income Group | Number of tax units (000) | Income Range | Average Income | Repeal Alternative Minimum Tax | Repeal Itemized Disallowance & Personal Exemption Phase-Out | More Capital Gains Tax Cuts | Earned-Income Tax Credit Increases | Total Tax Cuts |
| Lowest 20% | Less than $13,600 | $ 8,600 | $ | $ | $ 0.0 | $ 0.2 | $ 0.2 | |
| Second 20% | $13,60024,400 | 18,800 | | | 0.1 | 3.6 | 3.6 | |
| Middle 20% | $24,40039,300 | 31,100 | 0.0 | | 0.2 | 4.2 | 4.3 | |
| Fourth 20% | $39,30064,900 | 50,700 | 0.1 | 0.0 | 0.8 | 0.2 | 1.1 | |
| Next 15% | $64,900130,000 | 86,800 | 0.6 | 0.1 | 2.8 | | 3.4 | |
| Next 4% | $130,000319,000 | 183,000 | 1.5 | 3.7 | 3.3 | | 8.6 | |
| Top 1% | $319,000 or more | 915,000 | 2.3 | 12.4 | 5.2 | | 19.9 | |
| ALL | $ 50,800 | $ 4.5 | $ 16.2 | $ 12.4 | $ 8.2 | $ 41.2 | ||
| ADDENDUM | ||||||||
| Bottom 60% | Less than $39,300 | $ 19,500 | $ 0.0 | $ | $ 0.3 | $ 7.9 | $ 8.2 | |
| Top 10% | $92,500 or more | 218,000 | 4.2 | 16.1 | 9.8 | | 30.2 | |