After-tax Money Income Estimates of Households |
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adjusted gross income after-tax income After-Tax Money Income Aggregate income Mean Amount Annual appendix approximated assigned average Before-Tax Money Income Bureau bution calculated Census Comparison computed confidence interval CPS simulation deductions dependents detailed Development differences dollars estimates factor families family householder Federal income taxes figure formula hold household income Household Member income Mean income Income per Household income Standard error increase independent individual itemized level and characteristic Levels and Selected March match meaning of symbols measure Median income Standard money income level number of persons obtained parameters payroll taxes Percent distri Percent distribution percentage Persons in Households Population poverty procedures property taxes race sample Selected Characteristics shown significant Social Security Administration sources Spanish origin Standard error dol statistical Survey Table tax filing units tax returns taxable taxes paid thous thousands tion Total number unrelated individuals Value White
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Page 46 - Therefore, instead of providing an individual standard error for each estimate, generalized sets of standard errors are provided for various types of characteristics. As a result, the sets of standard errors provided give an indication of the order of magnitude of the standard error of an estimate rather than the precise standard error. The figures presented in tables...
Page 44 - In addition, the sample included persons in the Armed Forces living off post or with their families on post. CPS Estimation Procedure. This survey's estimation procedure inflates weighted sample results to independent estimates of the civilian noninstitutional population of the United States by age, sex, race and Hispanic/nonHispanic categories.
Page 46 - ... of the intervals from one standard error below the estimate to one standard error above the estimate would include the average value of...
Page 38 - For the purpose of this model, the definitions of tax filing units and AGI used for the estimation of Federal income taxes were also used for the simulation of State income taxes. The amounts of State individual income taxes paid were computed by developing a model of each State's income tax regulations. Information on the State tax systems was obtained from a publication entitled, State Tax Handbook, October 1, 1991.
Page 46 - Approximately 95 percent of the intervals from two standard errors below the estimate to two standard errors above the estimate would include the average result of all possible samples.
Page 37 - Capital gains were imputed to tax filing units based on data obtained from a Statistics of Income (SOI) public use file and reports summarizing information reported on Federal tax returns. These data provide estimates of the probability that a filing unit in a given matrix cell reported capital gains and the mean amount of capital gains for that cell. The variables in this probability matrix were: level of AGI, type of return, and age of tax filer. A Monte Carlo technique was used to randomly assign...
Page 37 - The first step in this process consisted of predicting which filing units itemized deductions. Homeownership was determined to be the most important variable available from the CPS for assigning itemization status to tax filers. Outlined below is a step-by-step description of the procedures used to assign itemization status. 1. A statistical match was made of the March CPS and Annual Housing Survey (AHS) data files in order to assign a monthly mortgage amount and a property tax amount to each owner-occupied...
Page 37 - The IRA payments were deducted from the total income received by the tax-filing units in order to compute adjusted gross income. Computation of taxable income and taxes paid. Taxable income was computed by subtracting the estimated allowable deductions from AGI.
Page 46 - Percent distributions are shown in the report only when the base of the percentage is 75,000 or greater. Because of the large standard errors involved, there is little chance that percentages would reveal useful information when computed on a smaller base. Estimated totals are shown, however, even though the relative standard errors of these totals are larger than those for corresponding percentages.
Page 36 - Survey Development Program. The system for estimating taxes paid and after-tax income created a modified March CPS microdata file. This file was formed by expanding the March CPS format to include variables relevant to the simulation of taxes paid. The detailed tables contained in this...