Bearings

What's actually known — not just who's biased.

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

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