How Much Does the Health Care Reform Law Redistribute Income?
A new report from the Tax Foundation discusses the effect on income redistribution from the recently passed health care reform bill. Here are the summary results:
|
Table 1 |
|||
|
Market Income Percentile |
Average Income Redistribution |
Average Income Redistribution |
Change in Income Redistribution |
|
0 – 10% |
+ 20,309 |
+ 21,236 |
+ 927 |
|
10 – 20% |
+ 12,363 |
+ 14,396 |
+ 2,033 |
|
20 – 30% |
+ 9,862 |
+ 11,546 |
+ 1,685 |
|
30 – 40% |
+ 7,907 |
+ 8,684 |
+ 777 |
|
40 – 50% |
+ 6,917 |
+ 7,172 |
+ 255 |
|
50 – 60% |
+ 4,921 |
+ 4,717 |
– 204 |
|
60 – 70% |
+187 |
– 248 |
– 435 |
|
70 – 80% |
– 4,862 |
– 5,426 |
– 564 |
|
80 – 90% |
– 12,131 |
– 12,804 |
– 674 |
|
90 – 95% |
– 18,800 |
– 19,776 |
– 976 |
|
95 – 99% |
– 61,681 |
– 64,852 |
– 3,172 |
|
99 – 100% |
– 484,493 |
– 536,697 |
– 52,204 |
|
ALL |
0 |
0 |
0 |
|
Exhibit: |
|||
|
Top 20% |
– 47,594 |
– 51,450 |
– 3,856 |
|
Top 10% |
– 83,030 |
– 90,066 |
– 7,036 |
|
Top 5% |
– 147,250 |
– 160,345 |
– 13,095 |
|
Top 1% |
– 484,493 |
– 536,697 |
– 52,204 |
|
Main Sources: Tax Foundation Fiscal Incidence Microsimulation Model; CBO final score of health care bill; President's FY 2011 Budget |
Was this page helpful to you?
Thank You!
The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?
Contribute to the Tax FoundationLet us know how we can better serve you!
We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better?
Give Us Feedback