Transcribed

Effect of Proposed "9-9-9" Tax Reform Plan

Effect of proposed "9-9-9" tax reform plan on average household tax liability Relative to current tax policy, 2013 Bottom Second Middle Fourth Top 20% 20% Top Top 0.1% 20% 20% 20% | 1% $10000 $3,898 $4,330 $4,299 $1,854 -$14,442 -$238,422 -$1,356,078 -10000 -20000 -30000 -40000 -50000 -60000 -70000 -80000 -90000 -100000 -110000 -120000 -130000 -140000 -150000 -160000 -170000 -180000 -190000 -200000 -210000 -220000 -230000 -240000 -250000 -260000 -270000 -280000 -300000 -290000 -310000 -320000 -330000 -340000 -350000 -360000 -370000 -380000 -390000 -400000 -410000 -420000 -430000 -440000 -450000 -460000 -470000 -480000 -490000 -500000 -510000 -520000 -530000 -540000 -550000 -560000 -570000 -580000 -600000 -590000 -610000 -620000 -630000 -640000 -650000 -660000 -670000 -680000 -690000 -700000 -710000 -720000 -730000 -740000 -750000 -760000 -770000 -780000 -790000 -800000 -810000 -820000 -830000 -840000 -850000 -860000 -870000 -880000 -900000 -890000 -910000 -920000 -930000 -940000 -950000 -960000 -970000 -980000 -990000 -1000000 -1010000 -1020000 -1030000 -1040000 -1050000 -1060000 -1070000 -1080000 -1090000 -1100000 -1110000 -1120000 -1130000 -1140000 -1150000 -1160000 -1170000 -1180000 -1200000 -1190000 -1210000 -1220000 -1230000 -1240000 -1250000 -1260000 -1270000 -1280000 -1290000 -1300000 -1310000 -1320000 -1330000 -1340000 -1350000 -1360000 -1370000 -1380000 -1390000 -1400000 Source: Tax Policy Center

Effect of Proposed "9-9-9" Tax Reform Plan

shared by Anonymous (not verified) on Oct 21

934 views

0 faves

0 shares

3 comments

In my previous post decrying the extreme redistribution of the tax burden from the wealthy to everyone else, I had to use two graphs to tell the story. I couldn’t fit the increase in tax liabilitie... s for the bottom 80% on the same graph that includes the over $1 million decrease in tax liability for the top 0.1%. But my CBPP colleague Brian Highsmith could. So here you have it: the change in tax liabilities, compared to current tax policy, under 9-9-9, for different income groups, in one incredibly unsettling graph.

Publisher

Jared Bernstein

Designer

Brian Highsmith