October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Ohio equally. The richest one percent of Ohio residents would receive 57.5 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $483,100 next year. The framework would provide them an average tax cut of $56,280 in 2018, which would increase their income by an average of 3.7 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Oklahoma equally. The richest one percent of Oklahoma residents would receive 61.7 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $498,400 next year. The framework would provide them an average tax cut of $72,150 in 2018, which would increase their income by an average of 5.5 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Oregon equally. The richest one percent of Oregon residents would receive 58.4 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $532,000 next year. The framework would provide them an average tax cut of $42,090 in 2018, which would increase their income by an average of 2.5 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Pennsylvania equally. The richest one percent of Pennsylvania residents would receive 61.5 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $550,200 next year. The framework would provide them an average tax cut of $67,970 in 2018, which would increase their income by an average of 3.8 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Idaho equally. The richest one percent of Idaho residents would receive 55.5 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $457,600 next year. The framework would provide them an average tax cut of $52,540 in 2018, which would increase their income by an average of 3.7 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Rhode Island equally. The richest one percent of Rhode Island residents would receive 65.2 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $528,800 next year. The framework would provide them an average tax cut of $55,510 in 2018, which would increase their income by an average of 3.1 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in South Carolina equally. The richest one percent of South Carolina residents would receive 57.1 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $478,100 next year. The framework would provide them an average tax cut of $52,250 in 2018, which would increase their income by an average of 4.6 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Illinois equally. The richest one percent of Illinois residents would receive 69.4 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $651,700 next year. The framework would provide them an average tax cut of $84,170 in 2018, which would increase their income by an average of 3.1 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in South Dakota equally. The richest one percent of South Dakota residents would receive 62.4 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $589,600 next year. The framework would provide them an average tax cut of $129,120 in 2018, which would increase their income by an average of 7.3 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Tennessee equally. The richest one percent of Tennessee residents would receive 52.2 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $534,500 next year. The framework would provide them an average tax cut of $60,940 in 2018, which would increase their income by an average of 3.3 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Indiana equally. The richest one percent of Indiana residents would receive 50.4 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $500,500 next year. The framework would provide them an average tax cut of $54,510 in 2018, which would increase their income by an average of 3.5 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Texas equally. The richest one percent of Texas residents would receive 64.4 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $696,400 next year. The framework would provide them an average tax cut of $119,040 in 2018, which would increase their income by an average of 5.9 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Utah equally. The richest one percent of Utah residents would receive 78.9 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $545,500 next year. The framework would provide them an average tax cut of $82,990 in 2018, which would increase their income by an average of 5.3 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Iowa equally. The richest one percent of Iowa residents would receive 50.2 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $440,800 next year. The framework would provide them an average tax cut of $50,050 in 2018, which would increase their income by an average of 4.3 percent.
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Vermont equally. The richest one percent of Vermont residents would receive 45.1 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $505,400 next year. The framework would provide them an average tax cut of $45,250 in 2018, which would increase their income by an average of 3.8 percent.