1
$\begingroup$

According to the Joint Committee on Taxation's JCX-68-17 Distributional Effects Of The Conference Agreement For H.R.1, The "Tax Cuts And Jobs Act", there will be a significant increase in income tax for tax brackets under $50,000.

In the chart titled DISTRIBUTIONAL EFFECTS OF THE CONFERENCE AGREEMENT FOR H.R.1, THE "TAX CUTS AND JOBS ACT" on the fifth page, it claims that by 2027 the tax bracket at $20,000-30,000 will have a 26.6% increase in Federal Taxes. Does anyone know how this increase was calculated. I'm having trouble finding what was referenced in the H.R.1 — 115th Congress (2017-2018) resolution to come up with these values.

$\endgroup$

Your Answer

By clicking "Post Your Answer", you acknowledge that you have read our updated terms of service, privacy policy and cookie policy, and that your continued use of the website is subject to these policies.

Browse other questions tagged or ask your own question.