Average Tax Change from IEEPA Tariffs and Credit Offsets, by Expanded Cash Income Percentile

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Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0325-4) and Tariff Rules Engine v1.5

Notes: The maximum credit would be halved for unmarried tax filers. A supplement would be added to the credit for the filers’ dependents. Average federal tax (includes individual and corporate income tax, payroll taxes for Social Security and Medicare, the estate tax, customs duties, and excise taxes) as a percentage of average expanded cash income. For a description of expanded cash income, see https://taxpolicycenter.org/resources/tax-model-resources/income-measure-used-distributional-analyses-tax-policy-center.