Sentences with phrase «average tax cut»

«In general, higher income households receive larger average tax cuts as a percent age of after - tax income, with the largest cuts as a share of income going to taxpayers in the 95th to 99th percentiles of the income distribution,» TPC's report said.

In general, higher income households receive larger average tax cuts as a percentage of after - tax income, with the largest cuts as a share of income going to taxpayers in the 95th to 99th percentiles of the income distribution.

«By contrast, those in the top 1 % could pick up a nice Mercedes C Class Coupe with their $ 50,000 + average tax cut.»

The richest earners, or the top 0.1 percent, those who make $ 5 million or more a year, would get an average tax cut of $ 250,000 — representing a tax cut of 2.5 percent.

The top 1 percent of earners, who under the Tax Policy Center definition make $ 875,000 or more, would get an average tax cut of $ 45,000, or 2 percent of their income.

«What would these average tax cuts mean for American households?

According to the Tax Policy Center, in 2027 the absolute richest Americans, the top 0.1 percent earning at least $ 5 million a year, would get an average tax cut of 3 percent of their income, or $ 320,640.

«All across the country, working families are seeing real results, from paycheck bonuses to an average tax cut of $ 2,000 thanks to the Tax Cuts and Jobs Act,» said Corry Bliss, AAN Executive Director.

In the plan's first four years, it will save central New Yorkers $ 207 million in taxes, with an average tax cut of $ 1,356, according to Cuomo's office.

According to analysis from the Wisconsin Budget Project, the top 1 percent of state residents receive a larger share of the cuts than the bottom 60 percent of households combined.19 These tax cuts certainly helped the rich — the wealthiest 1 percent of Wisconsinites received an average tax cut of $ 10,015.20 Gov. Walker has boasted that the state's tax cuts will soon total more than $ 8 billion and that as a result, Wisconsin «continue [s] to see dramatic economic growth.»

American households in the top 1 % of the income bracket will get an average tax cut of around $ 50,000 next year, according to a recent report cited by FA magazine.

High - income taxpayers benefitted most from these tax cuts, with the top 1 percent of households receiving an average tax cut of over $ 570,000 between 2004 - 2012 (increasing their after - tax income by more than 5 percent each year).

The average tax cut for the bottom 80 percent of earners would be about $ 675 in 2018, according to an analysis by the Urban Brookings Tax Policy Center.