<p>CBO Projects Lower Taxes, Greater Income Inequality in 2021</p>

CBO Projects Lower Taxes, Greater Income Inequality in 2021

U.S. Congressional Budget Office

All income groups in 2021 are projected to have lower average federal tax rates than in 2016, and income inequality will increase, with the biggest percentage-point tax rate decreases going to the highest-income households, according to a December report from the Congressional Budget Office.

<p>All income groups in 2021 are projected to have lower average federal tax rates than in 2016, and income inequality will increase, with the biggest percentage-point tax rate decreases going to the highest-income households, according to a December report from the Congressional Budget Office.</p>