Table G2: Analysis by Deciles of Nebraska Income Tax Burden Ranked by Nebraska Expanded Income
| ||||||||||||
| Tax Year | Number of Returns | Nebraska Expanded Income (1) |
Nebraska Net - Liability (2) | |||||||||
| First 7 Deciles mil.$ | 8th Decile mil.$ | 9th Decile mil.$ | 10th Decile mil.$ | Top
1% of Returns mil.$ | First 7 Deciles mil.$ | 8th Decile mil.$ | 9th Decile mil.$ | 10th Decile mil.$ | Top
1% of Returns mil.$ | |||
| 1995 | 678,430 | 7,806.7 | 2,987.9 | 3,870.2 | 8,702.6 | 2,999.2 | 133.6 | 76.7 | 120.1 | 372.5 | 140.0 | |
| 1996 | 701,425 | 8,387.4 | 3,227.3 | 4,195.4 | 9,724.3 | 3,414.4 | 146.7 | 84.8 | 134.3 | 427.8 | 164.6 | |
| 1997(a) | 717,401 | 9,042.2 | 3,483.2 | 4,537.4 | 10,758.6 | 3,839.7 | 147.8 | 87.8 | 140.9 | 463.3 | 184.2 | |
| 1998 | 727,835 | 9,665.2 | 3,715.1 | 4,883.6 | 12,418.1 | 4,747.2 | 164.0 | 96.5 | 156.7 | 515.6 | 204.8 | |
| 1999 | 737,138 | 10,219.8 | 3,912.7 | 5,134.8 | 13,626.1 | 5,481.3 | 181.1 | 105.6 | 171.1 | 569.1 | 226.3 | |
| 2000 | 738,826 | 10,702.6 | 4,078.8 | 5,365.9 | 14,176.5 | 5,616.0 | 194.0 | 112.5 | 182.2 | 595.6 | 233.7 | |
| 2001 | 734,309 | 10,861.2 | 4,092.9 | 5,345.3 | 12,959.1 | 4,740.7 | 193.3 | 110.7 | 179.0 | 545.4 | 205.0 | |
| 2002 pr. | 714,977 | 10,598.0 | 3,992.6 | 5,205.4 | 12,045.5 | 4,236.8 | 181.5 | 105.7 | 171.3 | 494.9 | 177.1 | |
|
Tax Year | Nebraska Expanded Income Shares |
Nebraska Net - Liability Shares | ||||||||||
| 1995 | 33.41 | 12.79 | 16.56 | 37.24 | 12.83 | 19.01 | 10.91 | 17.09 | 53.00 | 19.92 | ||
| 1996 | 32.85 | 12.64 | 16.43 | 38.08 | 13.37 | 18.48 | 10.68 | 16.92 | 53.90 | 20.74 | ||
| 1997(a) | 32.50 | 12.52 | 16.31 | 38.67 | 13.80 | 17.60 | 10.46 | 16.78 | 55.17 | 21.93 | ||
| 1998 | 31.50 | 12.11 | 15.92 | 40.47 | 15.47 | 17.58 | 10.35 | 16.80 | 55.28 | 21.96 | ||
| 1999 | 31.07 | 11.90 | 15.61 | 41.43 | 16.66 | 17.64 | 10.28 | 16.66 | 55.43 | 22.04 | ||
| 2000 | 31.18 | 11.88 | 15.63 | 41.30 | 16.36 | 17.89 | 10.37 | 16.80 | 54.93 | 21.55 | ||
| 2001 | 32.66 | 12.31 | 16.07 | 38.96 | 14.25 | 18.80 | 10.77 | 17.41 | 53.04 | 19.94 | ||
| 2002 pr. | 33.28 | 12.54 | 16.35 | 37.83 | 13.31 | 19.04 | 11.09 | 17.97 | 51.91 | 18.57 | ||
|
Tax Year | Effective Tax Rate (b) | Nebraska Tax Burden Index (c) | ||||||||||
| 1995 | 1.71 | 2.57 | 3.10 | 4.28 | 4.67 | 0.57 | 0.85 | 1.03 | 1.42 | 1.55 | ||
| 1996 | 1.75 | 2.63 | 3.20 | 4.40 | 4.82 | 0.56 | 0.84 | 1.03 | 1.42 | 1.55 | ||
| 1997(a) | 1.63 | 2.52 | 3.11 | 4.31 | 4.80 | 0.54 | 0.84 | 1.03 | 1.43 | 1.59 | ||
| 1998 | 1.70 | 2.60 | 3.21 | 4.15 | 4.31 | 0.56 | 0.85 | 1.06 | 1.37 | 1.42 | ||
| 1999 | 1.77 | 2.70 | 3.33 | 4.18 | 4.13 | 0.57 | 0.86 | 1.07 | 1.34 | 1.32 | ||
| 2000 | 1.81 | 2.76 | 3.40 | 4.20 | 4.16 | 0.57 | 0.87 | 1.07 | 1.33 | 1.32 | ||
| 2001 | 1.78 | 2.70 | 3.35 | 4.21 | 4.32 | 0.58 | 0.87 | 1.08 | 1.36 | 1.40 | ||
| 2002 pr. | 1.71 | 2.65 | 3.29 | 4.11 | 4.18 | 0.57 | 0.88 | 1.1 | 1.37 | 1.40 | ||
 | Total Income (line 22 Form 1040), plus Tax Exempt Interest (line 8b Form 1040) plus untaxed portion of IRA distributions, plus |
| untaxed portion of Pension and Annuities, plus untaxed portion of Social Security and Railroad Retirement income, |
| plus s-corporation and limited liability company loss distribution from non-Nebraska sources (NE Schedule I) minus |
| Non-Nebraska Source Income (Nebraska Schedule I). |
(2) Nebraska Net-Liability is defined as:
| Nebraska liability net of non-refundable credits plus Credit for tax paid to another state minus refundable child care credit. |
pr. preliminary - contains only returns filed by August 29 2003.
| The most likely impact of the late filed returns will be in the "Top 1%" group. |
| The late filed returns will be included in the analysis in next year's issue. |
(a) LB401, Nebraska Individual Income Tax Rate Cut.
(b) Effective rate is defined as Nebraska net-liability as percent of Nebraska expanded income.
(c) Tax burden index is defined as the Net-liability share index weighted by the AGI share index.
Index < 1 income share is greater than net-liability share
Index > 1 income share is less than net-liability share
