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Tax Cuts and Jobs Act; Long title: An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 ... [Note: $83 billion in final bill] to the ultra-rich over ten years. [190] The top 1% of households by wealth own 40% of stocks; the bottom 80% just 7%, even when including ... More @Wikipedia
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- Tax Cuts and Jobs Act - WikipediaTax Cuts and Jobs Act; Long title: An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 ... [Note: $83 billion in final bill] to the ultra-rich over ten years. [190] The top 1% of households by wealth own 40% of stocks; the bottom 80% just 7%, even when including ...
- The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and Failed to ...Tax cuts for people making over $400,000 should end on schedule. The 2017 law’s provisions primarily benefiting high-income households are costly and do not trickle down. They should all end in 2025.
- Did Trump’s 2017 Tax Cuts and Jobs Act confer greater benefits on rich ...The Tax Policy Center found that households whose earnings are in the top one percent would receive an average tax cut of $61,090 by 2025 while the bottom 60% of American households would receive an average tax cut of less than $500.
- How past income tax rate cuts on the wealthy affected the economyCurrently, the highest income earners pay a 39.6 percent marginal tax rate. Under the GOP plan, they would pay 35 percent. In addition, the plan would repeal the alternative minimum tax and...
- 50 years of tax cuts for the rich have failed to trickle downA new study from the London School of Economics says 50 years of tax cuts in the U.S. — which promised to “trickle down” and eventually boost jobs and income for everyone — have only ...
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