SumFINAL

Effects of Major Elements of the 1999 Senate GOP Tax Plan
(At 1999 levels; $-billion except averages)
Income Group Income Range Average Income Total Tax Cuts Average Tax Cut % of Total Tax Cut
Lowest 20% Less than $13,300 $ 8,400 $ –0.6 $ –22 0.6%
Second 20% $13,300–23,800 18,300 –3.0 –120 3.0%
Middle 20% $23,800–38,200 30,300 –7.0 –276 7.0%
Fourth 20% $38,200–62,800 49,100 –13.5 –532 13.6%
Next 15% $62,800–124,000 83,600 –28.8 –1,513 28.9%
Next 4% $124,000–301,000 173,000 –17.4 –3,443 17.6%
Top 1% $301,000 or more 837,000 –29.0 –22,964 29.2%
ALL   ###### ###### ###### #####
ADDENDUM          
Bottom 60% Less than $38,200 $19,000 ####### $ –139 10.7%
Top 20% $62,800 or more 139,100 –75.2 –2,969 75.7%
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           

Last Updated on 7/19/99
By MWG