T21-0288 - Alternative SALT Provision in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2022

Table shows the change in the distribution of federal taxes, by expanded cash income level in 2022, of the tax provisions in H.R.5376, The Build Back Better Act as reported by the House Budget Committee, with Modifications (Rules Committee Print 117-18 as Amended by 117-19) with an alternative state and local tax (SALT) deduction provision. The benefit of the $80,000 SALT limit would phase out between adjusted gross income (AGI) of $400,000 and $475,000.