Tax Policy Center

Conference Agreement for the Tax Cuts and Jobs Act (Dec 2017)

Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

Tables show the distributional results of the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2018.

December 18, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

Tables show the distributional results of the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2018.

December 18, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

Tables show the distributional results of the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2025.

December 18, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

Tables show the distributional results of the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2025.

December 18, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

Tables show the distributional results of the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2027.

December 18, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

Tables show the distributional results of the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2027.

December 18, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

Table shows tax units with a tax increase or tax cut under the major provision in the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2018. Excludes reduction in ACA Individual Shared Responsibility Payment amount to zero. Due to data limitations, also excludes the following provisions: repeal of exclusion for employer-provided qualified moving expense reimbursements; repeal of deduction for moving expenses (other than members of the Armed Forces); retirement plan and casualty loss relief for certain disaster areas; repeal of deduction for alimony payments and corresponding inclusion in income; simplified accounting for small business; modify treatment of S corporation conversions into C corporations; limitation and repeal of deduction by employers of expenses for certain fringe benefits; modification of limitation on excessive employee remuneration; tax gain on the sale of a partnership interest on look-thru basis; craft beverage modernization and tax reform; and individual income tax portion of certain business provisions. 

December 18, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

Table shows tax units with a tax increase or tax cut under the major provision in the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2018. Excludes reduction in ACA Individual Shared Responsibility Payment amount to zero. Due to data limitations, also excludes the following provisions: repeal of exclusion for employer-provided qualified moving expense reimbursements; repeal of deduction for moving expenses (other than members of the Armed Forces); retirement plan and casualty loss relief for certain disaster areas; repeal of deduction for alimony payments and corresponding inclusion in income; simplified accounting for small business; modify treatment of S corporation conversions into C corporations; limitation and repeal of deduction by employers of expenses for certain fringe benefits; modification of limitation on excessive employee remuneration; tax gain on the sale of a partnership interest on look-thru basis; craft beverage modernization and tax reform; and individual income tax portion of certain business provisions.

December 18, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

Table shows tax units with a tax increase or tax cut under the major provision in the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2025. Excludes reduction in ACA Individual Shared Responsibility Payment amount to zero. Due to data limitations, also excludes the following provisions: repeal of exclusion for employer-provided qualified moving expense reimbursements; repeal of deduction for moving expenses (other than members of the Armed Forces); retirement plan and casualty loss relief for certain disaster areas; repeal of deduction for alimony payments and corresponding inclusion in income; simplified accounting for small business; modify treatment of S corporation conversions into C corporations; limitation and repeal of deduction by employers of expenses for certain fringe benefits; modification of limitation on excessive employee remuneration; tax gain on the sale of a partnership interest on look-thru basis; craft beverage modernization and tax reform; and individual income tax portion of certain business provisions.

December 18, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

Table shows tax units with a tax increase or tax cut under the major provision in the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2025. Excludes reduction in ACA Individual Shared Responsibility Payment amount to zero. Due to data limitations, also excludes the following provisions: repeal of exclusion for employer-provided qualified moving expense reimbursements; repeal of deduction for moving expenses (other than members of the Armed Forces); retirement plan and casualty loss relief for certain disaster areas; repeal of deduction for alimony payments and corresponding inclusion in income; simplified accounting for small business; modify treatment of S corporation conversions into C corporations; limitation and repeal of deduction by employers of expenses for certain fringe benefits; modification of limitation on excessive employee remuneration; tax gain on the sale of a partnership interest on look-thru basis; craft beverage modernization and tax reform; and individual income tax portion of certain business provisions.

December 18, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

Table shows tax units with a tax increase or tax cut under the major provision in the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2027. Excludes reduction in ACA Individual Shared Responsibility Payment amount to zero. Due to data limitations, also excludes the following provisions: repeal of exclusion for employer-provided qualified moving expense reimbursements; repeal of deduction for moving expenses (other than members of the Armed Forces); retirement plan and casualty loss relief for certain disaster areas; repeal of deduction for alimony payments and corresponding inclusion in income; simplified accounting for small business; modify treatment of S corporation conversions into C corporations; limitation and repeal of deduction by employers of expenses for certain fringe benefits; modification of limitation on excessive employee remuneration; tax gain on the sale of a partnership interest on look-thru basis; craft beverage modernization and tax reform; and individual income tax portion of certain business provisions.

December 18, 2017
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

Table shows tax units with a tax increase or tax cut under the major provision in the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2027.  Excludes reduction in ACA Individual Shared Responsibility Payment amount to zero. Due to data limitations, also excludes the following provisions: repeal of exclusion for employer-provided qualified moving expense reimbursements; repeal of deduction for moving expenses (other than members of the Armed Forces); retirement plan and casualty loss relief for certain disaster areas; repeal of deduction for alimony payments and corresponding inclusion in income; simplified accounting for small business; modify treatment of S corporation conversions into C corporations; limitation and repeal of deduction by employers of expenses for certain fringe benefits; modification of limitation on excessive employee remuneration; tax gain on the sale of a partnership interest on look-thru basis; craft beverage modernization and tax reform; and individual income tax portion of certain business provisions.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the effect marginal tax rates on wages and salaries under current law and the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2018. We calculate effective marginal tax rates by adding $1,000 to wages and salaries and recomputing tax liability. Our computation includes the impact of the alternative minimum tax and the phase-in and phase-out of credits and other tax provisions. We assume that the increase in wages does not change the reported amount of any deductions, exclusions, or other forms of income. Effective marginal tax rates are weighted by current-law wages and salaries.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the effect marginal tax rates on wages and salaries under current law and the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2018. We calculate effective marginal tax rates by adding $1,000 to wages and salaries and recomputing tax liability. Our computation includes the impact of the alternative minimum tax and the phase-in and phase-out of credits and other tax provisions. We assume that the increase in wages does not change the reported amount of any deductions, exclusions, or other forms of income. Effective marginal tax rates are weighted by current-law wages and salaries.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the effect marginal tax rates on capital income under current law and the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2018. We calculate effective marginal tax rates by adding $1,000 to the income source and recomputing tax liability. Our computation includes the impact of the alternative minimum tax and the phase-in and phase-out of credits and other tax provisions. We assume that the increase in income does not change the reported amount of any deductions, exclusions, or other forms of income. Effective marginal tax rates are weighted by the appropriate income source.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the effect marginal tax rates on capital income under current law and the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2018. We calculate effective marginal tax rates by adding $1,000 to the income source and recomputing tax liability. Our computation includes the impact of the alternative minimum tax and the phase-in and phase-out of credits and other tax provisions. We assume that the increase in income does not change the reported amount of any deductions, exclusions, or other forms of income. Effective marginal tax rates are weighted by the appropriate income source.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the effect marginal tax rates on wages and salaries under current law and the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2025. We calculate effective marginal tax rates by adding $1,000 to wages and salaries and recomputing tax liability. Our computation includes the impact of the alternative minimum tax and the phase-in and phase-out of credits and other tax provisions. We assume that the increase in wages does not change the reported amount of any deductions, exclusions, or other forms of income. Effective marginal tax rates are weighted by current-law wages and salaries.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the effect marginal tax rates on wages and salaries under current law and the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2025. We calculate effective marginal tax rates by adding $1,000 to wages and salaries and recomputing tax liability. Our computation includes the impact of the alternative minimum tax and the phase-in and phase-out of credits and other tax provisions. We assume that the increase in wages does not change the reported amount of any deductions, exclusions, or other forms of income. Effective marginal tax rates are weighted by current-law wages and salaries.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the effect marginal tax rates on capital income under current law and the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2025. We calculate effective marginal tax rates by adding $1,000 to the income source and recomputing tax liability. Our computation includes the impact of the alternative minimum tax and the phase-in and phase-out of credits and other tax provisions. We assume that the increase in income does not change the reported amount of any deductions, exclusions, or other forms of income. Effective marginal tax rates are weighted by the appropriate income source.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the effect marginal tax rates on capital income under current law and the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2025. We calculate effective marginal tax rates by adding $1,000 to the income source and recomputing tax liability. Our computation includes the impact of the alternative minimum tax and the phase-in and phase-out of credits and other tax provisions. We assume that the increase in income does not change the reported amount of any deductions, exclusions, or other forms of income. Effective marginal tax rates are weighted by the appropriate income source.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the effect marginal tax rates on wages and salaries under current law and the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2027. We calculate effective marginal tax rates by adding $1,000 to wages and salaries and recomputing tax liability. Our computation includes the impact of the alternative minimum tax and the phase-in and phase-out of credits and other tax provisions. We assume that the increase in wages does not change the reported amount of any deductions, exclusions, or other forms of income. Effective marginal tax rates are weighted by current-law wages and salaries.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the effect marginal tax rates on wages and salaries under current law and the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2027. We calculate effective marginal tax rates by adding $1,000 to wages and salaries and recomputing tax liability. Our computation includes the impact of the alternative minimum tax and the phase-in and phase-out of credits and other tax provisions. We assume that the increase in wages does not change the reported amount of any deductions, exclusions, or other forms of income. Effective marginal tax rates are weighted by current-law wages and salaries.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the effect marginal tax rates on capital income under current law and the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Level in 2027. We calculate effective marginal tax rates by adding $1,000 to the income source and recomputing tax liability. Our computation includes the impact of the alternative minimum tax and the phase-in and phase-out of credits and other tax provisions. We assume that the increase in income does not change the reported amount of any deductions, exclusions, or other forms of income. Effective marginal tax rates are weighted by the appropriate income source.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the effect marginal tax rates on capital income under current law and the Conference Agreement for the Tax Cuts and Jobs Act by Expanded Cash Income Percentile in 2027. We calculate effective marginal tax rates by adding $1,000 to the income source and recomputing tax liability. Our computation includes the impact of the alternative minimum tax and the phase-in and phase-out of credits and other tax provisions. We assume that the increase in income does not change the reported amount of any deductions, exclusions, or other forms of income. Effective marginal tax rates are weighted by the appropriate income source.

December 18, 2017
Campaigns, Proposals, and Reforms: Other Tables

Table shows the number of tax under with zero or negative federal individual income tax under both current law and the Conference agreement for the Tax Cuts and Jobs Act between 2018 and 2027. 

December 21, 2017