U.S. fiscal cliff: change in after-tax income by not 'going over the cliff', 2013

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

Cash income level in thousand U.S. dollars	Percent change in after-tax income
Less than 10	2.6%
10 to 20	2.4%
20 to 30	3.1%
30 to 40	2.9%
40 to 50	2.7%
50 to 75	2.9%
75 to 100	3.3%
100 to 200	4.4%
200 to 500	5.1%
500 to 1,000	3.9%
More than 1,000	2%
All	3.5%

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Release date

January 2013

More information

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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