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1 Nick Kasprak, How Would the Fiscal Cliff Affect Typical Families across the Country 1 (2012)

handle is hein.taxfoundation/ffdegxz0001 and id is 1 raw text is: December 10, 2012 No. 346 How Would the Fiscal Cliff Affect Typical Families Across the Country? By Nick Kasprak Recently, we released an analysis looking at the potential total tax increase on the median four- person family in each state.1 We found that higher income and lower states tended to be affected more than middle income states-higher income states from AMT changes and lower income states from the Bush tax cuts. Sufficient data exists for us to repeat this analysis based on Census MSAs (metropolitan statistical areas) using the IRS's income tax by ZIP code information2 We used this data to estimate itemized deductions as a percentage of household income for all income groups in each Table I. Most Affected Metropolitan Areas rI c/xIIen-tainD.1rlIu g- Mission College Station-Bryan Brownsville- Harlingen Laredo Hinesville-Fort Stewart Corvallis Lake Havasu City- Kingman Hot Springs Visalia-Porterville Danville Trenton-Ewing Bridgeport-Stamford- Norwalk San Francisco- Oakland-Fremont TX TX TX TX GA OR AZ AR CA VA $36,104 $38,292 $38,808 $39,062 $3%183 $39,775 $39,802 $42,648 $43,554 $43,838 $1 10.065 $2,938 $3,091 $3,127 $3145 $3,153 $3,195 $3,197 $3,396 $3,338 $3,291 $7729 8.14% 8.07% 8.06% 8.05% 8.05% 8.03% 8.03% 7.96% 7.67% 7.51% 7.02% CA $110,431 $7,424 6.72% 13 Madera-Chowchilla CA $46,366 pLO L O.Lt7o $2,875 6.20% 1 Nick Kasprak, How Would the Fiscal CliffAffect Typical Families in Each State?, TAX FOUNDATION FISCAL FACT No. 341 (Nov. 12, 2012), http://taxfoundation.org/a'rticle/how-wot.u1d-fi.sca.-cliff-affect-typical-ftamil ies-each-state. 2 Internal Revenue Service, SOI Tax Stats- Individual Income Tax Statistics- ZIP Code Data (SOI), http://www.irs.gov/uac/SOI- Tax-S tats --- I ndividual- I nco me-'Tax- Statis tics --- ZI P- Co de- D ata- (SO I). 1 2 3 4 5 6 7 8 9 I0 II 20

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