This statistic shows the estimated change in after-tax income in the United States caused by the 'fiscal cliff' deal compared to 'going over the cliff', as of January 2013, distributed by cash income level. Households earning between 10,000 and 20,000 U.S. dollars per year have 2.4 percent more after-tax income because a fiscal deal has been signed.
Percent change in after-tax income in the United States from the 'fiscal cliff' deal compared to 'going over the cliff', as of January 2013
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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Tax Policy Center. (January 1, 2013). Percent change in after-tax income in the United States from the 'fiscal cliff' deal compared to 'going over the cliff', as of January 2013 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/249384/change-in-after-tax-income-in-the-us-by-not-going-over-the-fiscal-cliff/
Tax Policy Center. "Percent change in after-tax income in the United States from the 'fiscal cliff' deal compared to 'going over the cliff', as of January 2013." Chart. January 1, 2013. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/249384/change-in-after-tax-income-in-the-us-by-not-going-over-the-fiscal-cliff/
Tax Policy Center. (2013). Percent change in after-tax income in the United States from the 'fiscal cliff' deal compared to 'going over the cliff', as of January 2013. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/249384/change-in-after-tax-income-in-the-us-by-not-going-over-the-fiscal-cliff/
Tax Policy Center. "Percent Change in After-tax Income in The United States from The 'fiscal Cliff' Deal Compared to 'going over The Cliff', as of January 2013." Statista, Statista Inc., 1 Jan 2013, https://www.statista.com/statistics/249384/change-in-after-tax-income-in-the-us-by-not-going-over-the-fiscal-cliff/
Tax Policy Center, Percent change in after-tax income in the United States from the 'fiscal cliff' deal compared to 'going over the cliff', as of January 2013 Statista, https://www.statista.com/statistics/249384/change-in-after-tax-income-in-the-us-by-not-going-over-the-fiscal-cliff/ (last visited December 21, 2024)
Percent change in after-tax income in the United States from the 'fiscal cliff' deal compared to 'going over the cliff', as of January 2013 [Graph], Tax Policy Center, January 1, 2013. [Online]. Available: https://www.statista.com/statistics/249384/change-in-after-tax-income-in-the-us-by-not-going-over-the-fiscal-cliff/
