Fast Company: The Republican Tax Bill Is Great If You’re a Rich, Jobless Heir

Of the $1.5 trillion in proposed cuts in the House version of the bill, about $1 trillion will go to corporations and businesses over the next decade. About $500 billion will go to individuals. Of that second amount, the top-1% of earners will get 31% of revenue in 2018 and 48% by 2027, according to the Institute on Taxation and Economic Policy. A quarter of middle-scale earners will actually pay more. In fact, the total value of tax increases is roughly equal to the amount going to the top-1%, according to the CBPP. Read more