However, the most frequent charge leveled against the GOP tax cuts was that it would make the tax code less fair. It was, they said, a "huge," "massive," "the most insane" (pick your over-the-top adjective) giveaway to the rich.
Now we know that this, too, is false.
Boston University economist Laurence Kotlikoff, along with University of California, Berkeley, economist Alan Auerbach, conducted a detailed analysis of the winners and losers of the tax bill.
They found virtually no change in the progressivity of the tax reforms. The rich, they concluded, "will pay essentially the same share of taxes" as before.
Data from the nonpartisan Tax Policy Center shows the tax code getting more progressive under the Republican tax cuts, according to a report on the data in the Wall Street Journal.
Top 0.1%, for example, will see their share of federal income taxes paid climb to 22% this year, up from 18.9% last year.
The share of income taxes paid by the top 1% will reach 43.3% this year, compared with 38% last year.
How is this possible, given that the law cuts the top income tax rates?
Turns Out, The Rich Will Pay A Bigger Share Of Income Taxes Under GOP Tax Cuts
[Fishing for Sugar Tits]
Now we know that this, too, is false.
Boston University economist Laurence Kotlikoff, along with University of California, Berkeley, economist Alan Auerbach, conducted a detailed analysis of the winners and losers of the tax bill.
They found virtually no change in the progressivity of the tax reforms. The rich, they concluded, "will pay essentially the same share of taxes" as before.
Data from the nonpartisan Tax Policy Center shows the tax code getting more progressive under the Republican tax cuts, according to a report on the data in the Wall Street Journal.
Top 0.1%, for example, will see their share of federal income taxes paid climb to 22% this year, up from 18.9% last year.
The share of income taxes paid by the top 1% will reach 43.3% this year, compared with 38% last year.
How is this possible, given that the law cuts the top income tax rates?
Turns Out, The Rich Will Pay A Bigger Share Of Income Taxes Under GOP Tax Cuts
[Fishing for Sugar Tits]
