A Distributional Analysis of Donald Trump’s Tax Plan.
October 10, 2024
A Distributional Analysis of Donald Trump’s Tax Plan.
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by JoeNooner
2 comments
“Taken together, these proposals would, on average, lead to a tax cut for the richest 5 percent of Americans and a tax increase for all other income groups…. If these proposals were in effect in 2026:
The richest 1 percent would receive an average tax cut of about $36,300; and
the next richest 4 percent would receive an average tax cut of about $7,200.
All other groups would see a tax increase with the hike on the middle 20 percent at about $1,500; and
the increase on the lowest-income 20 percent of Americans at about $800.”
2 comments
“Taken together, these proposals would, on average, lead to a tax cut for the richest 5 percent of Americans and a tax increase for all other income groups…. If these proposals were in effect in 2026:
The richest 1 percent would receive an average tax cut of about $36,300; and
the next richest 4 percent would receive an average tax cut of about $7,200.
All other groups would see a tax increase with the hike on the middle 20 percent at about $1,500; and
the increase on the lowest-income 20 percent of Americans at about $800.”
[Impact of Donald Trump’s Tax Proposal](https://itep.org/a-distributional-analysis-of-donald-trumps-tax-plan-2024/)
Now show total amount of income taxes paid by each bracket