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 |