According to the Tax Policy Center’s recent study into the current proposed tax reform bill from the administration,
“the top 1% of Americans will receive 53% of the benefits under the tax reform proposal initially and 79.7% by 2027. The number’s for the top .1% are even more extreme as they would receive an annual tax cut of 1.02 million. Meanwhile, the bottom 60% of Americans would get 233$ on average.” (courtesy of Mother Jones)
Does that seem right to anyone making less than a million dollars per year?
Interested in getting acquainted with the devil in the details of this tax reform proposal? Check out the actual study that was conducted by the Tax Policy Center