Tax Cuts for the 1% under Trump’s Megabill Swamp State Tax Increases

Average tax change for the wealthiest 1% of Maryland households under the 2025 federal megabill (H.R. 1) and 2025 Maryland state tax reforms

Table showing the average tax change for the wealthiest 1% of Maryland households under the 2025 federal megabill and 2025 Maryland state tax reforms, where tax xuts for the 1% under Trump’s megabill swamp state tax increases.

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Wealthiest 1% have annual income of $881,000 or more.

Chart: Maryland Center on Economic PolicySource: Institute on Taxation and Economic Policy Microsimulation Tax Model, with calculations by MDCEPGet the dataCreated with Datawrapper