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Senate GOP tax bill would increase taxes for 16 million taxpayers in 2019, according to new analysis





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  • 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.

The report from the Joint Committee on Taxation, a nonpartisan arm of read more >>>

Source:: BusinessInsider.Com

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