Trump-GOP Tax Law

Today, the economic climate is starkly different, but it seems GOP leaders are relying on messaging and luck to push through the biggest tax package since 1986. The White House, Republican leaders and anti-tax advocates all have been toeing the same erroneous line: their plans to cut individual and corporate taxes will benefit middle class families and grow the economy. This is, of course, baloney.

A tiny fraction of the North Carolina population (0.5 percent) earns more than $1 million annually. But this elite group would receive 42.4 percent of the tax cuts that go to North Carolina residents under the tax proposals from the Trump administration. A much larger group, 50.8 percent of the state, earns less than $45,000, but would receive just 5.9 percent of the tax cuts.

A tiny fraction of the North Dakota population (0.5 percent) earns more than $1 million annually. But this elite group would receive 44.5 percent of the tax cuts that go to North Dakota residents under the tax proposals from the Trump administration. A much larger group, 42.2 percent of the state, earns less than $45,000, but would receive just 3.9 percent of the tax cuts.

A tiny fraction of the Nebraska population (0.5 percent) earns more than $1 million annually. But this elite group would receive 38.4 percent of the tax cuts that go to Nebraska residents under the tax proposals from the Trump administration. A much larger group, 41.8 percent of the state, earns less than $45,000, but would receive just 5.0 percent of the tax cuts.

A tiny fraction of the Nevada population (0.3 percent) earns more than $1 million annually. But this elite group would receive 51.7 percent of the tax cuts that go to Nevada residents under the tax proposals from the Trump administration. A much larger group, 47.5 percent of the state, earns less than $45,000, but would receive just 5.4 percent of the tax cuts.

A tiny fraction of the New Hampshire population (0.3 percent) earns more than $1 million annually. But this elite group would receive 33.5 percent of the tax cuts that go to New Hampshire residents under the tax proposals from the Trump administration. A much larger group, 35.1 percent of the state, earns less than $45,000, but would receive just 5.1 percent of the tax cuts.

A tiny fraction of the New Mexico population (0.3 percent) earns more than $1 million annually. But this elite group would receive 35.3 percent of the tax cuts that go to New Mexico residents under the tax proposals from the Trump administration. A much larger group, 47.5 percent of the state, earns less than $45,000, but would receive just 5.8 percent of the tax cuts.

A tiny fraction of the Michigan population (0.2 percent) earns more than $1 million annually. But this elite group would receive 38.6 percent of the tax cuts that go to Michigan residents under the tax proposals from the Trump administration. A much larger group, 43.3 percent of the state, earns less than $45,000, but would receive just 4.2 percent of the tax cuts.

A tiny fraction of the Minnesota population (0.7 percent) earns more than $1 million annually. But this elite group would receive 46.6 percent of the tax cuts that go to Minnesota residents under the tax proposals from the Trump administration. A much larger group, 36.9 percent of the state, earns less than $45,000, but would receive just 5.0 percent of the tax cuts.

A tiny fraction of the Mississippi population (0.2 percent) earns more than $1 million annually. But this elite group would receive 37.1 percent of the tax cuts that go to Mississippi residents under the tax proposals from the Trump administration. A much larger group, 55.7 percent of the state, earns less than $45,000, but would receive just 6.3 percent of the tax cuts.

Click here for a pdf of this page A tiny fraction of the Alaska population (0.4 percent) earns more than $1 million annually. But this elite group would receive 31.6 percent of the tax cuts that go to Alaska residents under the tax proposals from the Trump administration. A much larger group, 44.8 percent of […]

A tiny fraction of the Missouri population (0.5 percent) earns more than $1 million annually. But this elite group would receive 45.0 percent of the tax cuts that go to Missouri residents under the tax proposals from the Trump administration. A much larger group, 48.6 percent of the state, earns less than $45,000, but would receive just 5.7 percent of the tax cuts.

A tiny fraction of the Tennessee population (0.5 percent) earns more than $1 million annually. But this elite group would receive 40.7 percent of the tax cuts that go to Tennessee residents under the tax proposals from the Trump administration. A much larger group, 48.0 percent of the state, earns less than $45,000, but would receive just 4.5 percent of the tax cuts.

A tiny fraction of the Montana population (0.4 percent) earns more than $1 million annually. But this elite group would receive 44.5 percent of the tax cuts that go to Montana residents under the tax proposals from the Trump administration. A much larger group, 48.5 percent of the state, earns less than $45,000, but would receive just 4.1 percent of the tax cuts.

A tiny fraction of the Texas population (0.3 percent) earns more than $1 million annually. But this elite group would receive 51.6 percent of the tax cuts that go to Texas residents under the tax proposals from the Trump administration. A much larger group, 46.2 percent of the state, earns less than $45,000, but would receive just 3.7 percent of the tax cuts.

A tiny fraction of the Alabama population (0.4 percent) earns more than $1 million annually. But this elite group would receive 41.5 percent of the tax cuts that go to Alabama residents under the tax proposals from the Trump administration. A much larger group, 48.4 percent of the state, earns less than $45,000, but would receive just 4.3 percent of the tax cuts.

A tiny fraction of the Kansas population (0.5 percent) earns more than $1 million annually. But this elite group would receive 47.1 percent of the tax cuts that go to Kansas residents under the tax proposals from the Trump administration. A much larger group, 41.9 percent of the state, earns less than $45,000, but would receive just 4.0 percent of the tax cuts.

A tiny fraction of the Utah population (0.3 percent) earns more than $1 million annually. But this elite group would receive 41.9 percent of the tax cuts that go to Utah residents under the tax proposals from the Trump administration. A much larger group, 41.0 percent of the state, earns less than $45,000, but would receive just 5.3 percent of the tax cuts.

A tiny fraction of the Virginia population (0.6 percent) earns more than $1 million annually. But this elite group would receive 48.0 percent of the tax cuts that go to Virginia residents under the tax proposals from the Trump administration. A much larger group, 43.5 percent of the state, earns less than $45,000, but would receive just 5.1 percent of the tax cuts.

A tiny fraction of the Iowa population (0.4 percent) earns more than $1 million annually. But this elite group would receive 36.9 percent of the tax cuts that go to Iowa residents under the tax proposals from the Trump administration. A much larger group, 43.0 percent of the state, earns less than $45,000, but would receive just 7.0 percent of the tax cuts.

A tiny fraction of the U.S. population (one-half of one percent) earns more than $1 million annually. But in 2018 this elite group would receive 48.8 percent of the tax cuts proposed by the Trump administration. A much larger group, 44.6 percent of Americans, earn less than $45,000, but would receive just 4.4 percent of the tax cuts.

A tiny fraction of the Indiana population (0.4 percent) earns more than $1 million annually. But this elite group would receive 39.8 percent of the tax cuts that go to Indiana residents under the tax proposals from the Trump administration. A much larger group, 43.8 percent of the state, earns less than $45,000, but would receive just 5.6 percent of the tax cuts.

A tiny fraction of the Illinois population (0.8 percent) earns more than $1 million annually. But this elite group would receive 54.9 percent of the tax cuts that go to Illinois residents under the tax proposals from the Trump administration. A much larger group, 41.0 percent of the state, earns less than $45,000, but would receive just 3.9 percent of the tax cuts.

A tiny fraction of the Vermont population (0.3 percent) earns more than $1 million annually. But this elite group would receive 27.8 percent of the tax cuts that go to Vermont residents under the tax proposals from the Trump administration. A much larger group, 41.5 percent of the state, earns less than $45,000, but would receive just 7.1 percent of the tax cuts.

A tiny fraction of the Idaho population (0.4 percent) earns more than $1 million annually. But this elite group would receive 40.0 percent of the tax cuts that go to Idaho residents under the tax proposals from the Trump administration. A much larger group, 46.0 percent of the state, earns less than $45,000, but would receive just 4.5 percent of the tax cuts.