Senate GOP tax bill would increase taxes for 16 million taxpayers in 2019, according to new analysis
|11/14/2017||Posted by BusinessMediaguide.Com under General World News||
- The Joint Committee on Taxation estimated 9.1% of taxpayers would receive an increase to their tax bill in 2019 under the Senate’s tax bill.
- Based on the JCT’s number of taxpayers for 2019, that would mean 16 million taxpayers would see a tax increase that year.
- At the same time, just under 60% of taxpayers would get a cut of $100 or more according to the JCT.
A chunk of Americans could actually see their tax bills increase under the Senate GOP tax reform proposal, according to an analysis released Monday.