Romney's Tax Plan, mentioned in prior posting...

If Romney's tax plan favors the middle-class, then these figures lie. Off to the lower right are "Avg Tax Increase" which clearly show a dramatic lowering of taxes for the upper 5%, but not much of a break for the lower 80%.

Table T12-0004
Mitt Romney's Tax Plan
Baseline: Current Policy
Distribution of Federal Tax Change by Cash Income Percentile, 2015 1
Summary Table
Cash Income Percentile2,3	Tax Units with Tax Increase or Cut 4				Percent Change in After-Tax Income5	Share of Total Federal Tax Change	Average Federal Tax Change ($)				Average Federal Tax Rate6
Change (% Points)			Under the Proposal			With Tax Cut			With Tax Increase
Pct of Tax Units			Avg Tax Cut			Pct of Tax Units			Avg Tax Increase
Lowest Quintile	13.2	-126		18.7	927	-1.4	-3.8	157		1.4	3.4
Second Quintile	29.3	-298		18.1	932	-0.3	-1.7	82		0.3	9.4
Middle Quintile	46.2	-491		11.1	792	0.3	2.6	-138		-0.3	15.6
Fourth Quintile	65.4	-903		6.6	862	0.7	8.2	-532		-0.6	18.8
Top Quintile	83.8	-8,641		5.2	1,569	3.1	94.4	-6,899		-2.3	23.4
All	42.4	-2,890		13.1	938	1.7	100.0	-1,064		-1.3	19.6
Addendum
80-90	75.2	-1,706		8.8	1,624	1.0	7.9	-1,143		-0.8	21.2
90-95	87.6	-3,075		2.8	1,255	1.6	8.7	-2,599		-1.2	22.0
95-99	96.7	-8,067		0.4	1,311	2.7	20.5	-7,477		-2.0	23.2
Top 1 Percent	99.1	-86,535		0.1	693	6.1	57.3	-82,188		-4.3	25.9
Top 0.1 Percent	99.9	-482,940		0.0	0	8.3	33.2	-464,005		-5.6	27.6
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0411-2).
Number of AMT Taxpayers (millions). Baseline: 6.1 Proposal: 5.8
* Less than 0.05
** Insufficient data
(1) Calendar year. Baseline is current policy, proposal implements Mitt Romney's tax plan. For a detailed discussion of TPC's interpretation of Romney's plan, see http://www.taxpolicycenter.org/taxtopics/Romney-plan.cfm. For a description of TPC's current law and current policy baselines, see
http://www.taxpolicycenter.org/T11-0270
(2) Tax units with negative cash income are excluded from the lowest income class but are included in the totals. For a description of cash income, see
http://www.taxpolicycenter.org/TaxModel/income.cfm
(3) The cash income percentile classes used in this table are based on the income distribution for the entire population and contain an equal number of people, not tax units. The breaks are (in 2011 dollars): 20% $19,342; 40% $39,862; 60% $69,074; 80% $119,546; 90% $169,987; 95% $242,597; 99% $629,809; 99.9% $2,868,534.
(4) Includes both filing and non-filing units but excludes those that are dependents of other tax units.
(5) After-tax income is cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security and Medicare); and estate tax.
(6) Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, and the estate tax) as a percentage of average cash