Cincinnati Inquirer: Wealthiest Gain Most from New Tax Cut
media mentionAn analysis of these tax changes by the Institute on Taxation and Economic Policy, a national group with a sophisticated model of the tax system, shows the top 1 percent on average will see an annual tax cut of $10,236. The middle fifth of taxpayers, who made between $37,000 and $58,000, will see an average cut of just $20. The bottom fifth of taxpayers, who made less than $20,000 last year, will see an average increase of $20.