← U.S. Wealth Inequality & the OBBBA
According to ITEP, the top 1% receives a net tax cut equal to 0.4% of their income while the poorest 20% sees a net tax increase of 3.1% of their income.
reported by one outlet so far · Attributed statement · first recorded Jul 9, 1:30 PM
How each outlet reported it
aol.comUnrated · Jul 9, 12:46 PM
ITEP reports the top 1% gets a net tax cut equal to 0.4% of their income while the poorest 20% sees a net tax increase of 3.1% of their income
Cites: Institute on Taxation and Economic Policy · Details: top 1%: 0.4% cut; poorest 20%: 3.1% increase