The voices of Tax Policy Center's researchers and staff
Yesterday, the Tax Policy Center released a new online tax calculator that allows you to compare the Tax Cuts and Jobs Act with the current tax law. Today, TPC is releasing a set of new case studies that show how the new law will affect households in different situations.
The examples show what the law will mean for singles versus married couples, for people with wage income compared to those who own their own businesses, and for those who live in high-, low- and moderate tax states.
They show that the effects of the law are highly idiosyncratic. Even taxpayers with the same income may pay different amounts of tax depending upon the composition of their families, how they earn their income, and where they live.
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