<div><div class="indented"><div class="indented">6-Jun-17PRELIMINARY RESULTShttp://www.taxpolicycenter.org</div></div> T17-0179 Share of Change in Corporate Income Tax Burden <table><tr><td> </td><td colspan="4">By Expanded Cash Income Level, 2017</td><td> </td><td> </td></tr><tr><td> </td><td colspan="3">Baseline: Current Law</td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td colspan="3">Share of Total (Percentage Points)</td><td> </td><td> </td></tr><tr><td>Expanded Cash</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Income Level</td><td> </td><td> </td><td colspan="2">Long-Run Change in Burden</td><td>Short-Run</td><td> </td></tr><tr><td>(thousands of 2017</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td>Tax Units</td><td> </td><td> </td><td>Change in Cost</td><td>Change in</td><td> </td></tr><tr><td>dollars)1</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Rate Change 2</td><td>Recovery</td><td>Burden 4</td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>Provisions 3</td><td> </td><td> </td></tr><tr><td>Less than 10</td><td>7.5</td><td colspan="2">0.2</td><td>0.3</td><td>0.1</td><td> </td></tr><tr><td>10-20</td><td>14.2</td><td colspan="2">0.7</td><td>1.2</td><td>0.4</td><td> </td></tr><tr><td>20-30</td><td>12.5</td><td colspan="2">1.5</td><td>2.2</td><td>1.0</td><td> </td></tr><tr><td>30-40</td><td>9.4</td><td colspan="2">1.8</td><td>2.5</td><td>1.3</td><td> </td></tr><tr><td>40-50</td><td>7.6</td><td colspan="2">2.1</td><td>2.8</td><td>1.6</td><td> </td></tr><tr><td>50-75</td><td>13.9</td><td colspan="2">5.6</td><td>7.4</td><td>4.4</td><td> </td></tr><tr><td>75-100</td><td>9.2</td><td colspan="2">6.0</td><td>7.4</td><td>5.0</td><td> </td></tr><tr><td>100-200</td><td>17.1</td><td colspan="2">20.5</td><td>24.2</td><td>17.9</td><td> </td></tr><tr><td>200-500</td><td>6.5</td><td colspan="2">22.3</td><td>22.7</td><td>22.0</td><td> </td></tr><tr><td>500-1,000</td><td>0.9</td><td colspan="2">8.8</td><td>8.5</td><td>9.0</td><td> </td></tr><tr><td>More than 1,000</td><td>0.4</td><td colspan="2">29.9</td><td>20.0</td><td>36.5</td><td> </td></tr><tr><td>All</td><td>100.0</td><td colspan="2">100.0</td><td>100.0</td><td>100.0</td><td> </td></tr></table>  <div class="indented"><div class="indented">Source : Urban-Brookings Tax Policy Center Microsimulation Model (version 0217-1).</div></div> <ol style="list-style-type: decimal;"><li>For a description of expanded cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm. Tax units with negative adjusted gross income are excluded from their respective income class but are included in the totals. Includes both filing and nonfiling units but excludes those that are dependents of other tax units.</li></ol> <ol style="list-style-type: decimal;"><li>Standard long-run distribution for the baseline corporate income tax burden: 20 percent is borne by labor income, 20 percent by the normal return to all capital income and 60 percent by corporate equity income.</li></ol> <ol style="list-style-type: decimal;"><li>Corporate income tax burden on the normal return: 50 percent labor; and 50 percent all capital.</li></ol> <ol style="list-style-type: decimal;"><li>Corporate income tax burden on supernormal returns (corporate equity).</li></ol> <div class="indented"><div class="indented">6-Jun-17PRELIMINARY RESULTShttp://www.taxpolicycenter.org</div></div> T17-0180 Share of Change in Corporate Income Tax Burden By Expanded Cash Income Percentile, 2017 Baseline: Current Law  <table><tr><td> </td><td> </td><td colspan="3">Share of Total (Percentage Points)</td><td> </td><td> </td></tr><tr><td>Expanded Cash Income</td><td> </td><td> </td><td colspan="2"> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td colspan="2">Long-Run Change in Burden</td><td>Short-Run</td><td> </td></tr><tr><td>Percentile1</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td>Tax Units</td><td> </td><td> </td><td>Change in Cost</td><td>Change in</td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td>Rate Change 2</td><td>Recovery</td><td>Burden 4</td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td>Provisions 3</td><td> </td><td> </td></tr><tr><td>Lowest Quintile</td><td>27.8</td><td colspan="2">1.5</td><td>2.5</td><td>0.8</td><td> </td></tr><tr><td>Second Quintile</td><td>22.0</td><td colspan="2">4.3</td><td>6.0</td><td>3.2</td><td> </td></tr><tr><td>Middle Quintile</td><td>19.4</td><td colspan="2">8.5</td><td>11.1</td><td>6.8</td><td> </td></tr><tr><td>Fourth Quintile</td><td>16.4</td><td colspan="2">14.8</td><td>18.0</td><td>12.8</td><td> </td></tr><tr><td>Top Quintile</td><td>13.8</td><td colspan="2">70.0</td><td>61.7</td><td>75.6</td><td> </td></tr><tr><td>All</td><td>100.0</td><td colspan="2">100.0</td><td>100.0</td><td>100.0</td><td> </td></tr><tr><td>Addendum</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>80-90</td><td>7.1</td><td colspan="2">11.4</td><td>13.2</td><td>10.1</td><td> </td></tr><tr><td>90-95</td><td>3.4</td><td colspan="2">9.4</td><td>10.0</td><td>9.0</td><td> </td></tr><tr><td>95-99</td><td>2.6</td><td colspan="2">15.7</td><td>15.0</td><td>16.2</td><td> </td></tr><tr><td>Top 1 Percent</td><td>0.7</td><td colspan="2">33.6</td><td>23.5</td><td>40.3</td><td> </td></tr><tr><td>Top 0.1 Percent</td><td>0.1</td><td colspan="2">21.7</td><td>12.8</td><td>27.6</td><td> </td></tr></table>  <div class="indented"><div class="indented">Source : Urban-Brookings Tax Policy Center Microsimulation Model (version 0217-1).</div></div> <ol style="list-style-type: decimal;"><li>The income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The breaks are (in 2017 dollars): 20% $24,900; 40% $48,300; 60% $85,600; 80% $149,600; 90% $217,200; 95% $309,900; 99% $726,100; 99.9% $3,0734,00. Includes both filing and non-filing units but excludes those that are dependents of other tax units. Tax units with negative adjusted gross income are excluded from their respective income class but are included in the totals. For a description of expanded cash</li></ol><div class="indented"><div class="indented">income, see http://www.taxpolicycenter.org/TaxModel/income.cfm.</div></div> <ol style="list-style-type: decimal;"><li>Standard long-run distribution for the baseline corporate income tax burden: 20 percent is borne by labor income, 20 percent by the normal return to all capital income and 60 percent by corporate equity income.</li></ol> <ol style="list-style-type: decimal;"><li>Corporate income tax burden on the normal return: 50 percent labor; and 50 percent all capital.</li></ol> <ol style="list-style-type: decimal;"><li>Corporate income tax burden on supernormal returns (corporate equity).</li></ol></div>

Tax Policy Center Releases Estimates on Corporate Tax Burden

Urban-Brookings Tax Policy Center

On June 6 the Urban-Brookings Tax Policy Center released estimates on changes in the corporate income tax burden for 2017, broken down according to expanded cash income level and percentile, using current law as the baseline.

On June 6 the Urban-Brookings Tax Policy Center released estimates on changes in the corporate income tax burden for 2017, broken down according to expanded cash income level and percentile, using current law as the baseline.