Truthout: GOP’s Tax Plan Would Raise Taxes by Over $1,000 Annually for Poorest Americans

In a report released on Monday, the Institute on Taxation and Economic Policy (ITEP) estimated that the poorest Americans would be the most affected by Scott’s plan — meaning that the GOP’s tax plan would essentially be to tax the poor.

The poorest 20 percent of Americans, who make $12,300 a year on average, would owe about $1,050 more in federal taxes, or about 9 percent of their income. The next 20 percent, who make $34,700 on average, would owe $1,390 more, or 4 percent of their income, ITEP found. The middle 20 percent of Americans would owe about $500 more on average. The top 5 percent would essentially owe $0 more. Read more