JCT Estimates Distribution of Tax Changes for GOP Tax Bill

JCT Estimates Distribution of Tax Changes for GOP Tax Bill

U.S. Joint Committee on Taxation

Under the Tax Cuts and Jobs Act as passed by the Senate Finance Committee, 30.2 percent of taxpayers would see their taxes barely change in 2019, either increasing or decreasing by less than $100, while 8.1 percent of taxpayers would receive a tax increase of $100 or more, according to estimates released by the Joint Committee on Taxation on November 27.

Under the Tax Cuts and Jobs Act as passed by the Senate Finance Committee, 30.2 percent of taxpayers would see their taxes barely change in 2019, either increasing or decreasing by less than $100, while 8.1 percent of taxpayers would receive a tax increase of $100 or more, according to estimates released by the Joint Committee on Taxation on November 27.

Under the Tax Cuts and Jobs Act as passed by the Senate Finance Committee, 30.2 percent of taxpayers would see their taxes barely change in 2019, either increasing or decreasing by less than $100, while 8.1 percent of taxpayers would receive a tax increase of $100 or more, according to estimates released by the Joint Committee on Taxation on November 27.

Under the Tax Cuts and Jobs Act as passed by the Senate Finance Committee, 30.2 percent of taxpayers would see their taxes barely change in 2019, either increasing or decreasing by less than $100, while 8.1 percent of taxpayers would receive a tax increase of $100 or more, according to estimates released by the Joint Committee on Taxation on November 27.