Individual Taxes: Distribution Tables by Dollar Income Class

T17-0253 - Major Provisions in House Bill: H.R. 1, The Tax Cuts and Jobs Act as Ordered Reported by the Committee on Ways and Means; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Level, 2018; Baseline: Current Law

Table shows tax units with a tax increase or tax cut under the major provision in the House Tax Cuts and Jobs Act as passed...
November 13, 2017
Individual Taxes: Distribution Tables by Percentile

T17-0254 - Major Provisions in House Bill: H.R. 1, The Tax Cuts and Jobs Act as Ordered Reported by the Committee on Ways and Means; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Percentile, 2018; Baseline: Current Law

Table shows tax units with a tax increase or tax cut under the major provision in the House Tax Cuts and Jobs Act as passed...
November 13, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

T17-0249 - House Bill: H.R. 1, The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Ways and Means; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

Tables show the distributional results of the House Tax Cuts and Jobs Act as passed by Ways and Means Committee by Expanded Cash Income Level...
November 13, 2017
Individual Taxes: Distribution Tables by Percentile

T17-0250 - House Bill: H.R. 1, The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Ways and Means; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

Tables show the distributional results of the House Tax Cuts and Jobs Act as passed by Ways and Means Committee by Expanded Cash Income Percentile...
November 13, 2017
Campaigns, Proposals, and Reforms: TaxVox

The House’s Tax Bill Would Cut Taxes Mostly For The Highest-Income Households

The latest version of the House Ways & Means Committee’s Tax Cuts & Jobs Act (TCJA), now due to be voted on by the full...
November 13, 2017Howard Gleckman
: Daily Deduction

Gear up for an even busier tax week.

The Senate Finance Committee begins marking up its tax bill this afternoon.
November 13, 2017Renu Zaretsky
In 2015, married couples filing jointly and itemizing claimed an avg of about $34k in deductions. Itemizing single filers took $20k on avg.
November 13, 2017
Campaigns, Proposals, and Reforms: Brief

Distributional Analysis of the Tax Cuts and Jobs Act as Passed by the House Ways and Means Committee

The Tax Policy Center has released new distributional estimates of the Tax Cuts and Jobs Act to reflect the bill as passed by the Committee on Ways and Means of the US House of Representatives on November 9, 2017. The changes from the bill as originally introduced have a relatively minor effect on
November 13, 2017TPC Staff
Campaigns, Proposals, and Reforms: TaxVox

The Two GOP Tax Plans Differ In Details But Both Are Big Tax Cuts For Business, Modest Reductions For Households

While many analysts are focusing on the differences between the House Ways & Means Committee’s tax cut and the just-released version proposed by Senate Finance...
November 10, 2017Howard Gleckman
: Daily Deduction

Look, it’s a bird, it’s a plane… it’s the Senate Tax Plan!

The House Ways & Means Committee finishes. By party-line vote, the panel gave its final OK to the Tax Cuts and Jobs Act yesterday. But not before Chairman Kevin Brady made one more round of changes.
November 10, 2017Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

Cutting Taxes the Hard Way

The House Ways & Means Committee’s proposed tax bill is routinely described as a $1.5 trillion tax cut. But to understand why the GOP is...
November 9, 2017William G. Gale
: Daily Deduction

More Money, More Problems, and Next Steps

What happens next? The Ways & Means markup may—may—wrap up today. And Senate Finance Committee Chair Orrin Hatch may release his plan today. But it won’t be a draft bill.
November 9, 2017Renu Zaretsky
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

T17-0233 - Chairman's Amendment in the Nature of a Substitute to H.R. 1, The Tax Cuts and Jobs Act; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

Tables show the distributional results of the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2018.
November 8, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

T17-0234 - Chairman's Amendment in the Nature of a Substitute to H.R. 1, The Tax Cuts and Jobs Act; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

Tables show the distributional results of the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2018.
November 8, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

T17-0235 - Chairman's Amendment in the Nature of a Substitute to H.R. 1, The Tax Cuts and Jobs Act; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2027

Tables show the distributional results of the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2027.
November 8, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

T17-0236 - Chairman's Amendment in the Nature of a Substitute to H.R. 1, The Tax Cuts and Jobs Act; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2027

Tables show the distributional results of the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2027.
November 8, 2017
Campaigns, Proposals, and Reforms: Other Tables

T17-0237 - Major Provisions in Chairman's Amendment in the Nature of a Substitute to H.R. 1: The Tax Cuts and Jobs Act; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Level, 2018; Baseline: Current Law

Table shows tax units with a tax increase or tax cut under the major provision in the Tax Cut's and Jobs Act by Expanded Cash...
November 8, 2017
Campaigns, Proposals, and Reforms: Other Tables

T17-0238 - Major Provisions in Chairman's Amendment in the Nature of a Substitute to H.R. 1: The Tax Cuts and Jobs Act; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Percentile, 2018; Baseline: Current Law

Table shows tax units with a tax increase or tax cut under the major provision in the Tax Cut's and Jobs Act by Expanded Cash...
November 8, 2017
Campaigns, Proposals, and Reforms: Other Tables

T17-0239 - Major Provisions in Chairman's Amendment in the Nature of a Substitute to H.R. 1: The Tax Cuts and Jobs Act; 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 Tax Cut's and Jobs Act by Expanded Cash...
November 8, 2017
Campaigns, Proposals, and Reforms: Other Tables

T17-0240 - Major Provisions in Chairman's Amendment in the Nature of a Substitute to H.R. 1: The Tax Cuts and Jobs Act; 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 Tax Cut's and Jobs Act by Expanded Cash...
November 8, 2017
Campaigns, Proposals, and Reforms: Other Tables

T17-0241 - Effective Marginal Individual Income Tax Rates (EMTR) on Wages and Salaries Under Current Law and Chairman's Amendment in the Nature of a Substitute to H.R. 1, The Tax Cuts and Jobs Act By Expanded Cash Income Level, 2018

Table shows the effect marginal tax rates on wages and salaries under current law and the Tax Cuts and Jobs Act by Expanded Cash Income...
November 8, 2017
Campaigns, Proposals, and Reforms: Other Tables

T17-0242 - Effective Marginal Individual Income Tax Rates (EMTR) on Wages and Salaries Under Current Law and Chairman's Amendment in the Nature of a Substitute to H.R. 1, The Tax Cuts and Jobs Act By Expanded Cash Income Percentile, 2018

Table shows the effect marginal tax rates on wages and salaries under current law and the Tax Cuts and Jobs Act by Expanded Cash Income...
November 8, 2017
Campaigns, Proposals, and Reforms: Other Tables

T17-0243 - Effective Marginal Individual Income Tax Rates (EMTR) on Capital Income Under Current Law and Chairman's Amendment in the Nature of a Substitute to H.R. 1, The Tax Cuts and Jobs Act By Expanded Cash Income Level 2018

Table shows the effect marginal tax rates on capital income under current law and the Tax Cuts and Jobs Act by Expanded Cash Income Level...
November 8, 2017
Campaigns, Proposals, and Reforms: Other Tables

T17-0244 - Effective Marginal Individual Income Tax Rates (EMTR) on Capital Income Under Current Law and Chairman's Amendment in the Nature of a Substitute to H.R. 1, The Tax Cuts and Jobs Act By Expanded Cash Income Percentile, 2018

Table shows the effect marginal tax rates on capital income under current law and the Tax Cuts and Jobs Act by Expanded Cash Income Percentile...
November 8, 2017
Campaigns, Proposals, and Reforms: Other Tables

T17-0245 - Effective Marginal Individual Income Tax Rates (EMTR) on Wages and Salaries Under Current Law and Chairman's Amendment in the Nature of a Substitute to H.R. 1, The Tax Cuts and Jobs Act By Expanded Cash Income Level, 2027

Table shows the effect marginal tax rates on wages and salaries under current law and the Tax Cuts and Jobs Act by Expanded Cash Income...
November 8, 2017