Net Change in Tax Liability Under a Graduated Income Tax

Net Change from Prior Property Tax Liability Under Replacement with a Graduated Rate Income Tax with a Top Rate of 12.05%

Note: See Lincoln Institute working paper for rate and bracket details. Top rate kicks in at $260,380. Under an alternative highly progressive structure with a top rate kick-in at $1 million, the estimated top rate is 22.32%.
Chart: Walczak Policy Consulting, The SALT Road SubstackSource: Lincoln Institute Working PaperDownload imageCreated with Datawrapper