Campaigns, Proposals, and Reforms: Other Tables

T17-0283 - Effective Marginal Individual Income Tax Rates (EMTR) on Capital Income Under Current Law and Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; By Expanded Cash Income Percentile, 2019

Table shows the effect marginal tax rates on capital income under current law and the Senate Tax Cuts and Jobs Act as passed by Committee...
November 20, 2017
Campaigns, Proposals, and Reforms: Other Tables

T17-0284 - Effective Marginal Individual Income Tax Rates (EMTR) on Wages and Salaries Under Current Law and Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; By Expanded Cash Income Level, 2025

Table shows the effect marginal tax rates on wages and salaries under current law and the Senate Tax Cuts and Jobs Act as passed by...
November 20, 2017
Campaigns, Proposals, and Reforms: Other Tables

T17-0285 - Effective Marginal Individual Income Tax Rates (EMTR) on Wages and Salaries Under Current Law and Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; By Expanded Cash Income Percentile, 2025

Table shows the effect marginal tax rates on wages and salaries under current law and the Senate Tax Cuts and Jobs Act as passed by...
November 20, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

T17-0276 - Major Provisions in Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Level, 2025; Baseline: Current Law

Table shows tax units with a tax increase or tax cut under the major provision in the Senate Tax Cuts and Jobs Act as passed...
November 20, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

T17-0277 - Major Provisions in Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Percentile, 2025; Baseline: Current Law

Table shows tax units with a tax increase or tax cut under the major provision in the Senate Tax Cuts and Jobs Act as passed...
November 20, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

T17-0278 - Major Provisions in Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Level, 2027; Baseline: Current Law

Table shows tax units with a tax increase or tax cut under the major provision in the Senate Tax Cuts and Jobs Act as passed...
November 20, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

T17-0279 - Major Provisions in Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Percentile, 2027; Baseline: Current Law

Table shows tax units with a tax increase or tax cut under the major provision in the Senate Tax Cuts and Jobs Act as passed...
November 20, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

T17-0268 - Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2019

Tables show the distributional results of the Senate Tax Cuts and Jobs Act as passed by Committee on Finance by Expanded Cash Income Level in 2019.
November 20, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

T17-0269 - Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2019

Tables show the distributional results of the Senate Tax Cuts and Jobs Act as passed by Committee on Finance by Expanded Cash Income Percentile in 2019.
November 20, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

T17-0270 - Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2025

Tables show the distributional results of the Senate Tax Cuts and Jobs Act as passed by Committee on Finance by Expanded Cash Income Level in 2025.
November 20, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

T17-0271 - Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2025

Tables show the distributional results of the Senate Tax Cuts and Jobs Act as passed by Committee on Finance by Expanded Cash Income Percentile in 2025.
November 20, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

T17-0272 - Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2027

Tables show the distributional results of the Senate Tax Cuts and Jobs Act as passed by Committee on Finance by Expanded Cash Income Level in 2027.
November 20, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

T17-0273 - Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2027

Tables show the distributional results of the Senate Tax Cuts and Jobs Act as passed by Committee on Finance by Expanded Cash Income Percentile in 2027.
November 20, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

T17-0274 - Major Provisions in Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Level, 2019; Baseline: Current Law

Table shows tax units with a tax increase or tax cut under the major provision in the Senate Tax Cuts and Jobs Act as passed...
November 20, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

T17-0275 - Major Provisions in Senate Bill: The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Finance; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Percentile, 2019; Baseline: Current Law

Table shows tax units with a tax increase or tax cut under the major provision in the Senate Tax Cuts and Jobs Act as passed...
November 20, 2017
: TaxVox

The Right Way, And The Wrong Way, To Measure the Benefits Of Tax Changes

At the core of the political debate over the Tax Cuts and Jobs Act is an intense and sometimes emotional argument over who benefits. Not...
November 20, 2017William G. Gale
Campaigns, Proposals, and Reforms: TaxVox

The House Version Of The TCJA Would Modestly Boost The Economy

The House-passed version of the Tax Cuts and Jobs Act (TCJA) would benefit the economy modestly over the next 20 years but by far less...
November 20, 2017Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Senate Finance Panel Tax Bill Would Trim Taxes At First But Raise Them For Half Of Households By 2027

The Senate Finance Committee’s version of the Tax Cut and Jobs Act would cut taxes by an average of $1,300 in 2019, according to a...
November 20, 2017Howard Gleckman
: Daily Deduction

Tax Bills Proceed, Scoreless and Unpopular

“Tax cuts will pay for themselves, believe me.”
November 20, 2017Renu Zaretsky
In 2015, 46% of Maryland taxpayers claimed a deduction for state and local taxes; this share was the highest in the country and well above the 30% national average.
November 20, 2017
Campaigns, Proposals, and Reforms: Brief

Distributional Analysis of the Tax Cuts and Jobs Act as Passed by the Senate Finance Committee

The Tax Policy Center has released distributional estimates of the Senate version of the Tax Cuts and Jobs Act as passed by the Senate Finance Committee on November 16, 2017. We find the bill would reduce taxes on average for all income groups in both 2019 and 2025. In general, higher income
November 20, 2017TPC Staff
Campaigns, Proposals, and Reforms: Brief

Macroeconomic Analysis of the Tax Cuts and Jobs Act as Passed by the House of Representatives

The Tax Policy Center has released an analysis of the macroeconomic effects of the Tax Cuts and Jobs Act as passed by the US House of Representatives on November 16, 2017. We find the legislation would boost US economic output by 0.6 percent of gross domestic product (GDP) in 2018, 0.3 percent of
November 20, 2017Benjamin R. PageJoseph RosenbergJames R. NunnsJeffrey RohalyDaniel Berger
: TaxVox

Sorry, Pennsylvania Voters, Your Property Tax Isn’t Going Anywhere

On Election Day, 54 percent of Pennsylvania voters backed a convoluted ballot initiative aimed at ending homeowner’s property taxes. Sounds great, right? Well, unfortunately for...
November 17, 2017Richard C. Auxier
: Daily Deduction

TCJA Steams Along in the House and Senate

The House passes its version of the TCJA. By a vote of 227 to 205, Republicans advanced a $1.5 trillion tax cut for individuals and businesses.
November 17, 2017Renu Zaretsky
Individual Taxes: Distribution Tables by Dollar Income Class

T17-0266 - Repeal Medical Expenses Deduction, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

Tables show the distributional effect by expanded cash income level of repealing the medical expenses deduction in 2018
November 16, 2017