(Repealing Cap on SALT Deductions and Restoring 39.6% Tax Bracket)
United States, 2022
Income Group | Poorest 20% |
---|---|
Income Range | Less than $25,900 |
Avg. Income | $15,400 |
Tax Change 1000s | $ –2,000 |
Avg. Tax Change | $0 |
Tax Change as % of Income | 0% |
Share of Tax Change | 0% |
Share with Tax Cuts | 0% |
Share with Tax Hikes | 0% |
Income Group | Second 20% |
Income Range | $25,900 to $46,300 |
Avg. Income | $36,000 |
Tax Change 1000s | $ –24,500 |
Avg. Tax Change | $0 |
Tax Change as % of Income | 0% |
Share of Tax Change | 0% |
Share with Tax Cuts | 0% |
Share with Tax Hikes | 0% |
Income Group | Middle 20% |
Income Range | $46,300 to $74,400 |
Avg. Income | $59,400 |
Tax Change 1000s | $ –185,500 |
Avg. Tax Change | $ –10 |
Tax Change as % of Income | 0% |
Share of Tax Change | 0% |
Share with Tax Cuts | 1% |
Share with Tax Hikes | 0% |
Income Group | Fourth 20% |
Income Range | $74,400 to $126,100 |
Avg. Income | $96,700 |
Tax Change 1000s | $ –1,821,600 |
Avg. Tax Change | $ –60 |
Tax Change as % of Income | 0% |
Share of Tax Change | 2% |
Share with Tax Cuts | 8% |
Share with Tax Hikes | 0% |
Income Group | Next 15% |
Income Range | $126,100 to $277,000 |
Avg. Income | $177,200 |
Tax Change 1000s | $ –13,486,600 |
Avg. Tax Change | $ –560 |
Tax Change as % of Income | 0% |
Share of Tax Change | 17% |
Share with Tax Cuts | 34% |
Share with Tax Hikes | 0% |
Income Group | Next 4% |
Income Range | $277,000 to $677,800 |
Avg. Income | $401,000 |
Tax Change 1000s | $ –24,638,500 |
Avg. Tax Change | $ –3,840 |
Tax Change as % of Income | -1% |
Share of Tax Change | 30% |
Share with Tax Cuts | 71% |
Share with Tax Hikes | 1% |
Income Group | Richest 1% |
Income Range | $677,800 or more |
Avg. Income | $2,027,400 |
Tax Change 1000s | $ –40,990,500 |
Avg. Tax Change | $ –25,580 |
Tax Change as % of Income | -1% |
Share of Tax Change | 51% |
Share with Tax Cuts | 78% |
Share with Tax Hikes | 19% |
Income Group | ALL |
Income Range | |
Avg. Income | $100,800 |
Tax Change 1000s | $ –81,149,200 |
Avg. Tax Change | $ –490 |
Tax Change as % of Income | 0% |
Share of Tax Change | 100% |
Share with Tax Cuts | 10% |
Share with Tax Hikes | 0% |
Income Group | Income Range | Avg. Income | Tax Change 1000s | Avg. Tax Change | Tax Change as % of Income | Share of Tax Change | Share with Tax Cuts | Share with Tax Hikes |
---|---|---|---|---|---|---|---|---|
Poorest 20% | Less than $25,900 | $15,400 | $ –2,000 | $0 | 0% | 0% | 0% | 0% |
Second 20% | $25,900 to $46,300 | $36,000 | $ –24,500 | $0 | 0% | 0% | 0% | 0% |
Middle 20% | $46,300 to $74,400 | $59,400 | $ –185,500 | $ –10 | 0% | 0% | 1% | 0% |
Fourth 20% | $74,400 to $126,100 | $96,700 | $ –1,821,600 | $ –60 | 0% | 2% | 8% | 0% |
Next 15% | $126,100 to $277,000 | $177,200 | $ –13,486,600 | $ –560 | 0% | 17% | 34% | 0% |
Next 4% | $277,000 to $677,800 | $401,000 | $ –24,638,500 | $ –3,840 | -1% | 30% | 71% | 1% |
Richest 1% | $677,800 or more | $2,027,400 | $ –40,990,500 | $ –25,580 | -1% | 51% | 78% | 19% |
ALL | $100,800 | $ –81,149,200 | $ –490 | 0% | 100% | 10% | 0% |