Institute on Taxation and Economic Policy

April 9, 2020

Fox News: Coronavirus tax deadline delay: How it could hurt certain taxpayers

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Further, the Institute on Taxation and Economic Policy noted that a payroll tax cut – which is another measure the president said this week he would like to see implemented – would largely benefit the wealthiest 20 percent of taxpayers. That’s because it would benefit those who were still employed, with bigger benefits reaped by individuals with more earnings. Read more