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Report Number P23-143
Charles T. Nelson
Component ID: #ti1617668638

Introduction

This report is the fourth in a series presenting estimates of after-tax household income and taxes paid by households. Previous special studies released by the Census Bureau contained estimates of after-tax household income for 1974 and 1980, 1981, and 1982. Data from the Annual Housing Survey, the Income Survey Development Program, and the Internal Revenue Service were combined with the March 1984 Current Population Survey (CPS) data to derive the estimates shown in this report. The main purpose of this report is to provide a better measure of year-to-year changes in household purchasing power and of differences in purchasing power between subgroups of the population. Four types of taxes were simulated and subsequently deducted from the total money income received by households in order to estimate after-tax income: Federal individual income taxes, State individual income taxes, FICA and Federal retirement payroll taxes, and property taxes on owner-occupied housing. A discussion of the important limitations of the simulation procedures and underreporting of income in the CPS is contained in the limitations section. A detailed description of the tax simulation methodology can be found in appendix A, along with comparisons of the results of the tax simulation with data from the Internal Revenue Service and other administrative sources. The procedures used to develop the estimates in this report are based on revisions to those used in previous years. The section on revisions to the tax simulation methodology describes the revised procedures.

Component ID: #ti702095047

A Note on Language

Census statistics date back to 1790 and reflect the growth and change of the United States. Past census reports contain some terms that today’s readers may consider obsolete and inappropriate. As part of our goal to be open and transparent with the public, we are improving access to all Census Bureau original publications and statistics, which serve as a guide to the nation's history.

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