Alternative SALT Provision in The Build Back Better Act as Reported by House Budget Committee: Rules Committee Print 117-18 as Amended by 117-19 (December 2021)
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.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile 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.
Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income level in 2022, due to 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) and 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.
Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income percentile in 2022, due to 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) and 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.
