Benefits of Trump tax plans skewed toward wealthy: Analysis
- Analysis from the Institute on Taxation and Economic Policy shows the richest 1% would save $36,320, while the middle 20% would incur a tax increase averaging $1,530 in 2026.
- The tax increases would disproportionately affect working-class families, with the middle 20% facing a 2.1% income increase and the lowest 20% facing a 4.8% increase.
- Critics warn these tax plans could be exploited by high-income earners shifting to gratuity-based pay to evade taxes.
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