October 25, 2019

Budget & Tax Center: A Costly Cover for More Business Tax Cuts in NC

ITEP Work in Action

Analysis from the Institute on Taxation and Economic Policy shows that 27 percent of the total net tax cut from the increase in the standard deduction will actually go to the top 20 percent, while just 7 percent will go to the bottom 20 percent whose income leaves them in poverty each year.

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