Thursday, November 16, 2017

Senate Republican Tax Plan Would on Average *Raise* Taxes on All Income Groups Earning Less Than $75K

Congress’s Joint Committee on Taxation says the Senate version of the Tax Cuts and Jobs Act would raise taxes on most low and middle-income taxpayers.

Households earning between $75,000 and $100,000 will see, on average, no tax cut. And households earning less than $75,000 per year will see, on average, a tax increase.

Lily Batchelder, a tax professor at NYU who used to be the chief tax counsel for the Senate Finance Committee, has the chart:

Per the JCT’s tables, about 65 percent of households fall into the categories that are expecting tax increases.


(via Matthew Yglesias)


  1. Doesn't the plan expire at thr end of 2026 and we go back to the tax rates and standard deduction of today? You are passing off expiring tax cuts as a tax increase.

    1. Ummm....if I pay more next year in taxes on the same amount of pay, it would be a tax increase.

  2. If the grocery store lowers a price today, but then raises it again next week, next week's price change is still an increase. Your position makes the assumption that today's tax rate is somehow the legitimate rate.