Change in after-tax income by the American Taxpayer Relief Act, as of 2013

This statistic shows the estimated change in after-tax income caused by the American Taxpayer Relief Act of 2012 (ATRA) as passed by the Senate of the United States, as of January 1, 2013, distributed by cash income level. Households earning between 10,000 and 20,000 U.S. dollars per year will have one percent less after-tax income.

Percent change in after-tax income caused by the American Taxpayer Relief Act of 2012 (ATRA) in the United States, as of January 2013

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Sources

Release date

January 2013

Region

United States

Survey time period

2013

Supplementary notes

After-tax income is cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security; Medicare); and estate tax.
The American Taxpayer Relief Act of 2012 (ATRA) was passed by the U.S. Senate on January 1, 2013, and was signed into law by President Barack Obama on January 2, 2013. Its main purpose is the partial resolution to the United States fiscal cliff.

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