Unless the administration takes a radically different direction on tax reform from what it has already proposed, its tax plan would be a monumental giveaway to the top 1 percent. The wealthiest one percent of households would receive 61 percent of all the Trump tax breaks, and would receive an average of $145,400 in 2018 alone.
Trump-GOP Tax Law
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blog July 26, 2017 Trump Touts Tax Cuts for the Wealthy as a Plan for Working People
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news release July 20, 2017 50-State Analysis of Trump’s Tax Outline: Poorer Taxpayers and Poorer States are Disadvantaged
Not only would President Trump’s proposed tax plan fail to deliver on its promise of largely helping middle-class taxpayers, it also would shower a disproportionate share of the total tax… -
July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Alaska with 45.9 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Alaska would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,400,500 in 2018. They would receive 45.9 percent of the tax cuts that go to Alaska’s residents and would enjoy an average cut of $134,060 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Indiana with 46.1 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Indiana would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,511,600 in 2018. They would receive 46.1 percent of the tax cuts that go to Indiana’s residents and would enjoy an average cut of $95,940 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Iowa with 44.7 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Iowa would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,164,200 in 2018. They would receive 44.7 percent of the tax cuts that go to Iowa’s residents and would enjoy an average cut of $84,860 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Nebraska with 52.6 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Nebraska would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,572,200 in 2018. They would receive 52.6 percent of the tax cuts that go to Nebraska’s residents and would enjoy an average cut of $128,300 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in North Carolina with 46.5 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in North Carolina would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,541,500 in 2018. They would receive 46.5 percent of the tax cuts that go to North Carolina’s residents and would enjoy an average cut of $78,880 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Vermont with 39.1 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Vermont would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,192,800 in 2018.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in New Hampshire with 41.3 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in New Hampshire would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,668,100 in 2018. They would receive 41.3 percent of the tax cuts that go to New Hampshire’s residents and would enjoy an average cut of $98,940 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Missouri with 50.3 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Missouri would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,587,000 in 2018. They would receive 50.3 percent of the tax cuts that go to Missouri’s residents and would enjoy an average cut of $101,580 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Hawaii with 42.4 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Hawaii would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,262,200 in 2018. They would receive 42.4 percent of the tax cuts that go to Hawaii’s residents and would enjoy an average cut of $71,280 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in the District of Columbia with 69.5 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Washginton, D.C., would not benefit equally from these proposals. The richest one percent of the District’s taxpayers are projected to make an average income of $2,998,900 in 2018. They would receive 69.5 percent of the tax cuts that go to D.C. residents and would enjoy an average cut of $245,770 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Florida with 60.4 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Florida would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $2,797,700 in 2018. They would receive 60.4 percent of the tax cuts that go to Florida’s residents and would enjoy an average cut of $193,570 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Montana with 51 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Montana would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,819,000 in 2018. They would receive 51 percent of the tax cuts that go to Montana’s residents and would enjoy an average cut of $113,270 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in New York with 66.9 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in New York would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $3,234,000 in 2018. They would receive 66.9 percent of the tax cuts that go to New York’s residents and would enjoy an average cut of $176,680 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Georgia with 58.5 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Georgia would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,892,900 in 2018. They would receive 58.5 percent of the tax cuts that go to Georgia’s residents and would enjoy an average cut of $120,130 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Pennsylvania with 50.2 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Pennsylvania would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,780,400 in 2018.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Utah with 65.5 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Utah would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,573,600 in 2018.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Wyoming with 64 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Wyoming would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $3,008,400 in 2018.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in New Jersey with 54.7 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in New Jersey would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $3,101,200 in 2018. They would receive 54.7 percent of the tax cuts that go to New Jersey’s residents and would enjoy an average cut of $130,440 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Oklahoma with 56.3 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Oklahoma would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,379,600 in 2018.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Texas with 59.3 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Texas would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $2,019,900 in 2018.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Alabama with 49.2 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Alabama would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,393,900 in 2018. They would receive 49.2 percent of the tax cuts that go to Alabama’s residents and would enjoy an average cut of $83,090 in 2018 alone.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Tennessee with 44.6 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Tennessee would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,793,500 in 2018.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Ohio with 47.2 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Ohio would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,485,800 in 2018.